U.S., TikTok seek fast-track schedule, ruling on potential ban
TikTok said with a fast-track schedule it believes the legal challenge can be resolved without it needing to request emergency preliminary injunctive relief. Read more
Latest Stories by Reuters
Apple set to release slimmer iPhone in 2025
The potential thinner version is likely to be priced higher than Apple’s iPhone Pro Max, and is expected to be launched with the iPhone 17 in September 2025, the report said. Read more
Dow closes at record high above 40,000
Strong corporate results and inflation and other economic data have bolstered investor hopes for Fed rate cuts this year. Read more
Man who attacked Pelosi’s husband sentenced to 30 years
DePape, who according to prosecutors was driven by the far-right conspiracy theories known as QAnon, acknowledged in trial testimony that his intention was to take Pelosi hostage. Read more
PGA golfer Scottie Scheffler charged with assault of police officer
Louisville police said the officer was taken to hospital after suffering pain, swelling and abrasions to his left wrist and knee. Read more
Pope Francis: U.S. Catholic conservatives have ‘suicidal attitude’
Pope Francis was asked his thoughts on the conservative backlash against his papacy, with many of his critics being American clergy members. Read more
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OpenAI strikes deal to bring Reddit content to ChatGPT
The deal underscores Reddit’s attempt to diversify beyond its advertising business, and follows its recent partnership with Alphabet to make its content available for training Google’s AI models. Read more
Police move in on protesters at University of California, Irvine
Officers from about 10 nearby law-enforcement agencies converged on the campus after university officials requested help because protesters had occupied the lecture hall, leading the school to declare it a “violent protest,” police and university officials said. Read more
China’s factories fire up but consumer slump persists
China’s factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure on Beijing to do more to support growth. Read more
China pledges to buy apartments and finish stalled housing projects
China on Friday announced plans for local governments to buy “some” apartments and pledged forceful efforts to deliver unfinished homes, as part of a new round of measures to stabilise the crisis-hit property sector. Read more
Sizzling Schauffele grabs first round lead at PGA Championship
A rampaging Xander Schauffele powered to the top of the PGA Championship leaderboard on Thursday, firing a record-equaling opening round nine-under 62 at Valhalla Golf Club, as the Olympic champion looked to atone for a shock loss at the Wells Fargo. Read more
Tiger Woods struggles in PGA Championship opening round
The 15-times major winner belongs in the pantheon of greats but found little comfort at Valhalla Golf Course, where he struggled early after starting on the back nine. Read more
Walmart’s strong forecast sparks stock surge to record high
Some U.S. retailers in recent weeks have fanned concerns that consumer spending is waning, but behemoth Walmart is not one of them. Read more
FDA approves Amgen drug for small cell lung cancer
Patients in the study lived for a median of 14.3 months, compared with a typical survival rate of about five months. Read more
GameStop and AMC tumble as meme stocks rally deflates
Shares of the videogame retailer GameStop tumbled 30% to close at $27.67 after jumping as high as $64.83 on Tuesday. Read more
Justice Department unveils proposal to ease pot restrictions
The proposal, first announced in April, would reclassify cannabis from a so-called schedule one drug to a schedule three. Read more
Israel moves into Hamas stronghold, pounds Rafah without advancing
The slow progress of Israel’s offensive, more than seven months after it was prompted by Hamas’ deadly cross-border raid, highlighted the difficulty of achieving Prime Minister Benjamin Netanyahu’s aim of eradicating the militant group. Read more
Texas governor pardons Uber driver in BLM protester killing
Daniel Perry was found guilty in April 2023 of murder in the shooting death of 28-year-old Garrett Foster, a U.S. Air Force veteran. Read more
U.S. blocks imports from 26 Chinese firms amid Uyghur labor concerns
The companies are the latest additions to the Uyghur Forced Labor Prevention Act Entity List. Read more
Dow tops 40,000, world stocks hit record amid rate cut hopes
U.S. jobless claims fell in the latest week and figures showed U.S. import prices increased 0.9% last month. Read more
Supreme Court upholds consumer finance watchdog’s funding mechanism
The 7-2 decision, authored by conservative Justice Clarence Thomas, reversed a lower court’s ruling that the CFPB’s funding design violated a provision of the U.S. Constitution. Read more
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