Reuters US Business

(Reuters) -The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week, consistent with a cooling but still-healthy U.S. labor market that is likely to keep Federal Reserve officials from cutting interest rates any further in the near term. Initial claims for state unemployment benefits fell by …

New US jobless claims slip, but people are remaining unemployed for longer Read More »

MOSCOW (Reuters) – Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday. Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are extremely …

Russia is using bitcoin in foreign trade, finance minister says Read More »

NEW YORK, Dec 24 (Reuters) – Short interest on the New York Stock Exchange rose 2.4 percent in mid-December, the exchange said on Tuesday. As of Dec. 13, short interest rose to about 16.155 billion shares, compared with 15.784 billion shares as of Nov. 29. Investors who sell securities short borrow shares and then sell …

NYSE short interest rose 2.4 percent in mid-December Read More »

By Laila Kearney and Paul Carsten NEW YORK/LONDON (Reuters) -Oil prices rose more than 1% on Tuesday, reversing the prior session’s losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. Brent crude futures settled at $73.58, rising 95 cents, or …

Oil prices rise 1% in thin pre-holiday trade Read More »

By Utkarsh Shetti, Abhijith Ganapavaram and David Shepardson (Reuters) -American Airlines said on Tuesday its flights had resumed after a technical glitch forced the carrier to issue an hour-long ground stop, disrupting travel for thousands on Christmas Eve, one of the busiest periods of the year. The issue that briefly affected the carrier’s ability to …

American Airlines resumes flights after brief grounding ahead of busy Christmas travel Read More »

By David French (Reuters) -Wall Street’s main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session. Both the Dow Jones Industrial Average and Nasdaq Composite scored four straight sessions of gains, with the S&P 500 taking its winning streak to three sessions, marking …

Wall Street ends higher as Santa rally begins Read More »

BOGOTA (Reuters) -Colombia’s minimum wage will increase by 9.54% in 2025, Colombia’s President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the government, business associations and workers unions. The minimum wage in 2025 will rise to 1.4 million pesos ($323.90) per month, Petro said, up from …

Colombia minimum wage to increase 9.54% to $323 per month in 2025 Read More »

By David Shepardson (Reuters) -Stellantis unit FCA US agreed to pay $4.2 million to resolve a California investigation into excess emissions, the state said on Monday. The California Air Resources Board (CARB) said the vehicles covered by the settlement for violations of air quality regulations include 2014 through 2016 Ram ProMaster 1500, 2500 and 3500 …

Stellantis unit to pay $4.2 million to resolve California emissions probe Read More »

By Siddharth Cavale NEW YORK (Reuters) -In the most competitive holiday season in years, major U.S. retailers Target and Walmart are spending more on ads to reach shoppers on short-video app TikTok and streaming platforms. But while recent U.S. credit- and debit-card data point to a small gain for Target, with its shoppers spending slightly …

Target’s holiday advertising push will only take it so far, investors say Read More »