Wall St ends sharply lower, Treasury yield inversion widens after Powell remarks

By Stephen Culp NEW YORK (Reuters) – U.S. stocks plummeted, the greenback jumped and the Treasury yield inversion hit its steepest mark in more than four decades on Tuesday as Federal Reserve Chairman Jerome Powell concluded the first day of his semi-annual, two-day monetary policy testimony before Congress. All three major U.S. stock indexes lost …

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TikTok data collection, influence operations potential draw U.S. NSA concern

By Suzanne Smalley WASHINGTON (Reuters) -U.S. National Security Agency Director Paul Nakasone on Tuesday expressed concern during congressional testimony about Chinese-owned video app TikTok’s data collection and potential to facilitate broad influence operations. Asked by Republican Senator Tommy Tuberville about any concerns he has about TikTok’s influence on American children, Nakasone told a Senate Armed …

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Canada to provide medical assistance training to Ukraine military in Poland

By Kanishka Singh (Reuters) – Canada on Tuesday said it would deploy medical technicians and assistants from the Canadian Armed Forces to Poland to train members of the Ukrainian military in Ottawa’s latest assistance to Kyiv to combat the Russian invasion. Since February 2022 when Russia invaded Ukraine, Canada has committed over C$1 billion ($726.90 …

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UK rail workers union suspend Network Rail strikes after new pay offer

LONDON (Reuters) -British trade union RMT on Tuesday said it had suspended all strike action on Network Rail following a new offer from the employer, after a long-running pay dispute led to months of disruptive transport strikes. “The RMT National Executive Committee has taken the decision to suspend all industrial action on Network Rail following …

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Mercados A. Latina cierran con marcadas caídas tras comentarios de Powell de la Fed sobre tasas

Por Nelson Bocanegra BOGOTÁ, 7 mar (Reuters) – Los mercados de América Latina cerraron el martes con marcadas desvalorizaciones como reacción a los comentarios del presidente de la Reserva Federal, Jerome Powell, en torno a un eventual mayor endurecimiento de la política monetaria en Estados Unidos, lo que alimentó el apetito de los inversores por …

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Fed’s Powell acknowledges slimmer corporate profits could help curb inflation

By Howard Schneider WASHINGTON (Reuters) – It wasn’t volunteered, but Federal Reserve Chair Jerome Powell on Tuesday made his most extensive comments to date on the role corporate profits could play in lowering inflation, telling U.S. lawmakers it was possible for inflation to fall and workers’ wages to keep rising for a time if companies …

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US files new labor complaint in Mexico, eyeing allegations at Unique Fabricating

By Daina Beth Solomon MEXICO CITY (Reuters) -The U.S. government on Monday filed its seventh labor complaint in Mexico under a trade pact that aims to improve workplace conditions, asking Mexican officials to probe alleged rights abuses at a plant owned by U.S. firm Unique Fabricating Inc. U.S. labor officials said a Mexican union alleged …

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