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How a SIM farm like the one found near the UN threatens telecom networks

NEW YORK (AP) — The U.S. Secret Service has found and is quietly dismantling a massive network of “SIM farms” across the New York area just as world leaders gather for meetings at the United Nations. Matt McCool, the special agent in charge of the ...
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Exclusive-Exxon signs initial agreement with Rosneft to chart possible path to recoup Russian losses, sources say

By Anna Hirtenstein, Marwa Rashad and Sheila Dang (Reuters) -U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow’s ...
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Major automakers call for EPA to ease tailpipe emissions rules

By David Shepardson WASHINGTON (Reuters) -A group representing nearly all major automakers asked the Trump administration Tuesday to roll back aggressive vehicle emissions limits that seek to force the industry to build a rising number of electric vehicles. The Alliance for Automotive Innovation, which represents General ...
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Fed Chair Powell says rising inflation and slow hiring pose ‘challenging situation’

(WASHINGTON) -- Federal Reserve Chair Jerome Powell warned a recent uptick of inflation, alongside a hiring slowdown, poses a "challenging situation" for central bankers as they aim to steer the U.S. economy through a "turbulent period."The Fed, which opted to cut interest rates last ...
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Fed’s Powell repeats no risk-free path as job, inflation risks weighed

NEW YORK (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank is in a “challenging situation” with an ongoing risk of faster-than-expected inflation at the same time that weak job growth has raised concern about the health of the labor ...
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Powell signals Federal Reserve to move slowly on interest rate cuts

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there ...
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France’s Dassault tells Germany: we can build fighter without you

By Tim Hepher CERGY, France (Reuters) -The head of Dassault Aviation said on Tuesday the French planemaker had the capability to develop a new fighter jet alone and challenged Germany to do the same in the latest sign of tensions threatening to blow apart a ...
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Fed’s Bostic says inflation risks still present in US economy

By Michael S. Derby (Reuters) -Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday inflation risks are still in play in the U.S. economy, although he noted that thus far President Donald Trump’s import tax hikes have not pushed up prices the way they ...
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UK’s Revolut weighs buying US bank in push for global expansion

By Tommy Reggiori Wilkes LONDON (Reuters) -Britain’s Revolut said on Tuesday it was exploring buying a U.S. bank to accelerate global expansion and preparing to launch consumer credit in its home market, as the digital finance firm seeks to encroach further onto the turf of ...
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CVS Health subsidiary Omnicare files for Ch. 11 bankruptcy protection

CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy protection two months after the long-term care business was ordered to pay $949 million when a federal court found it liable for filing fraudulent claims for some prescription drugs. In 2019 the federal government joined ...
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Disney should shut down ABC and transfer content to streaming, brokerage says

(Reuters) -Walt Disney should shut down the ABC network rather than sell it and transfer the channel’s content to its streaming platforms to lower regulatory risks and unlock higher valuation, brokerage Needham wrote in a client note on Tuesday. The recent “FCC intervention has made ...
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Fed’s Goolsbee, on CNBC, says Fed has room to cut rates

(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday if inflation cools off the central bank has some space to cut its interest rate target. “I think eventually, at a gradual pace, rates can come down a fair amount if we can get ...
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