By Noel Randewich (Reuters) – The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive …
U.S. Supreme Court’s Sotomayor rejects challenge to N.Y. COVID vaccine mandate
By Andrew Chung (Reuters) -U.S. Supreme Court Justice Sonia Sotomayor on Thursday rejected a bid to prevent New York City from enforcing its COVID-19 vaccine mandate for municipal workers against a group teachers, firefighters and others who challenged…
Sanofi, GSK score late win with EU COVID booster approval
By Ludwig Burger (Reuters) -Sanofi said on Thursday it won European Union approval for its COVID-19 vaccine booster, jointly made with British partner GSK, after a drawn-out development effort that saw the pair fall behind now-dominant vaccine supplier…
U.S. House panel, Justice Dept. ask Supreme Court to OK release of Trump taxes
By Andrew Chung (Reuters) -A Democratic-led congressional committee and President Joe Biden’s administration on Thursday urged the U.S. Supreme Court to reject Donald Trump’s bid to avoid complying with the panel’s request for his tax returns that the …
Repeat COVID is riskier than first infection, study finds
By Nancy Lapid (Reuters) – The risk of death, hospitalization and serious health issues from COVID-19 jumps significantly with reinfection compared with a first bout with the virus, regardless of vaccination status, according to a study published on Th…
Russian court orders detention and deportation of U.S. woman in assault case
By Tatiana Gomozova and Filipp Lebedev RYAZAN, Russia (Reuters) -A Russian court on Thursday ordered U.S. citizen Sarah Krivanek to be detained for 30 days before being deported to the United States in a case where she was imprisoned for almost 11 mont…
Analysis-FTX debacle sparks investor rethink of battered crypto market
By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a sector already bruised by the bitcoin bubble bur…
Fed’s Logan says inflation data a ‘welcome relief’ but still long way to go
(Reuters) – U.S. government data showing consumer prices increasing less than expected in October is “welcome relief,” Dallas Federal Reserve President Lorie Logan said on Thursday, even as she cautioned there is a ways to go in the U.S. central bank’s…
Markets rejoice after surprisingly cool inflation report
NEW YORK (Reuters) – U.S. stocks surged, the dollar slid and Treasury yields dropped on Thursday after a cooler-than-expected October consumer prices report suggested the Federal Reserve’s barrage of interest rate hikes are beginning to have their inte…
France to let migrant boat dock, has harsh words for Italy
By Dominique Vidalon and Marc Leras PARIS (Reuters) -France said on Thursday it would allow an NGO ship carrying over 200 migrants rescued in the Mediterranean to dock at the port of Toulon, following tense exchanges with Italy, whose attitude the Fren…