By Nandita Bose and Chris Gallagher WASHINGTON (Reuters) – President Joe Biden, bracing for another jump in inflation, sought to reassure Americans on Thursday that rises in energy costs and other key goods were starting to ease, but said the change might not be reflected in November data due on Friday. The consumer price index …
Biden administration signals Friday’s inflation data could be high Read More »
(Reuters) – A spate of COVID-19 cases among staff at Jefferies Financial Group Inc was not caused by a specific incident and the Wall Street investment bank had erred on the side of caution by asking staff to work from home again, a spokesperson told Reuters. On Wednesday, Jefferies asked staff to work from home …
Jefferies COVID-19 cases not result of specific incident -spokesperson Read More »
By Tom Hals (Reuters) – A California jury found that Bayer’s Roundup weedkiller was not the cause of a woman’s non-Hodgkin’s lymphoma, Bayer said on Thursday, delivering the chemical giant its second trial victory over claims the popular herbicide causes cancer. The jury in San Bernardino County found that Donnetta Stephens’ cancer was not caused …
Bayer wins second straight verdict in a Roundup cancer case Read More »
(Reuters) -Membership-only retail chain Costco Wholesale Corp beat Wall Street estimates for quarterly results on Thursday, even as it warned of delays in toys and seasonal items over the holiday season due to a global supply chain crunch. Congested ports, a shortage of truck drivers and a scarcity of raw materials have made it harder …
Costco warns of holiday delays even as results top estimates Read More »
(Reuters) -Lululemon Athletica Inc warned on Thursday that the spread of new coronavirus variants could lead to a slowdown in demand for athleisure clothing, even as it raised its full-year revenue and profit forecasts. People stuck at home during the lockdowns last year ditched dressier clothes for hoodies and leggings, benefiting Lululemon, Aerie, Athleta, and …
Lululemon warns of hit to athleisure demand from new COVID-19 variants Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group has hired two executives who previously worked with billionaire investors Bruce Kovner and David Tepper for top investment positions in the firm’s $81 billion hedge fund unit, the company said on Thursday. David Ben-Ur, who managed Kovner’s family money, will join as chief investment officer of …
Blackstone hires senior executives for its hedge fund unit Read More »
By Eric M. Johnson SEATTLE (Reuters) -Veteran Boeing airplane programs executive Mark Jenks, who helped steer the 737 MAX program through a safety crisis, plans to retire, while supply chain executive Elizabeth Lund is to take over the role, the U.S. planemaker said on Thursday. Jenks, a 38-year Boeing employee who has also held executive …
Veteran Boeing airplanes executive Mark Jenks to retire Read More »
By Devik Jain, Shreyashi Sanyal and Sinéad Carew (Reuters) – Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve’s meeting next week. The Nasdaq was down more sharply than the S&P …
Wall St closes lower ahead of inflation data, Fed meeting Read More »
(Reuters) -Semiconductor firm Broadcom Inc forecast first-quarter revenue above Wall Street expectations and announced a $10 billion share buyback plan on Thursday, banking on a rebound in enterprise spending and sustained demand from cloud computing companies. Shares of the company rose 6.6% to $622 in extended trading. Analysts have pointed to strong near-term demand for …
Broadcom sees upbeat first-quarter sales, unveils $10 billion buyback plan Read More »
By Jonathan Stempel (Reuters) – A computer scientist who has claimed to be the inventor of bitcoin largely prevailed on Monday in a Florida jury trial over whether the estate of a former business partner deserved half of a bitcoin cache worth now about $54 billion. The Miami jury cleared Craig Wright on nearly all …
Self-proclaimed bitcoin inventor largely prevails in $54 billion bitcoin trial Read More »
