Reuters US Business

By Howard Schneider WASHINGTON (Reuters) – The rise of a new coronavirus variant has raised fears of a double-barreled hit to the U.S. economy of slowing growth and still-high inflation as supply chains stutter, local governments consider new restrictions and consumers assess the health risks of everything from dining out and traveling to returning to …

Analysis-Stagflation at hand? Inflation, check. Stagnant growth not so much Read More »

By Sujata Rao and Jonathan Saul LONDON (Reuters) – Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fuelling inflation well into 2023. Shipping rarely figures in economists’ inflation and GDP calculations, and companies tend to fret more …

Analysis – Shipping costs – another danger for inflation-watchers to navigate Read More »

By Hyunjoo Jin San Francisco (Reuters) – Tesla Inc is being sued by a second female employee for sexual harassment in less than a month, with the two lawsuits alleging a “hostile work environment” against women at the car maker’s U.S. factory. Erica Cloud, a Tesla assembly line worker, accused defendants including her former manager …

Tesla sued by second female worker over sexual harassment, retaliation Read More »

By Shashwat Awasthi (Reuters) -Fortescue Metals Group Ltd said on Friday Elizabeth Gaines will step down as chief executive as the miner extends its transition from a pure play iron ore producer to a green energy and resources firm. Gaines, who oversaw a tripling in the share price of the world’s fourth-biggest iron ore miner …

Australia’s Fortescue CEO to step down as miner expands green energy push Read More »

By Hilary Russ and Lindsay DeDario BUFFALO, N.Y. (Reuters) – Starbucks Corp employees on Thursday voted to join a union at one store in Buffalo, New York, delivering the coffee chain its first unionized company-owned location in the United States. Workers at a second location in the city voted to reject the drive to organize. …

Starbucks workers vote to unionize at Buffalo, New York, store Read More »

By Ernest Scheyder and Ben Klayman (Reuters) – General Motors Co plans to source rare earth magnets for its future electric vehicles from new U.S.-based manufacturing facilities under two separate deals announced on Thursday, a return to an industry the automaker had all but abandoned in the 1990s. The agreements with MP Materials Inc and …

General Motors returns to rare earth magnets with two U.S. deals Read More »

By Matt Scuffham, Jessica DiNapoli and Noor Zainab Hussain NEW YORK (Reuters) – A spate of COVID-19 cases at Jefferies Financial Group Inc was not caused by a specific incident, the Wall Street investment bank said on Thursday, and its decision to reinstate home working was erring on the side of caution. Jefferies on Wednesday …

Jefferies says COVID-19 spike was not caused by a specific incident Read More »