WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the near-term amid the effects of Hurricanes Helene and Milton, obscuring the labor market picture. Initial claims for state unemployment benefits dropped 19,000 last week to a seasonally adjusted 241,000 for the week ended …
By Deborah Mary Sophia and Echo Wang (Reuters) – Litmus Music, a music venture backed by buyout firm Carlyle Group, has acquired the rights to singer-songwriter Randy Newman’s song catalog, which includes his work for Disney’s “Toy Story” films, the companies said on Thursday. As part of the deal, Litmus will get a share of …
Carlyle-backed music venture buys rights to Randy Newman’s recorded catalog Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Tech-heavy stock markets are set to breathe a sigh of relief on Thursday as the world’s largest chipmaker beat the street and eased gnawing doubts about semiconductor demand worldwide and jitters about the wider artificial intelligence theme. After a cloudy outlook …
Morning Bid: TSMC steadies chip ship, ECB set to ease Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit on cost cuts, and echoed rival Ericsson in seeing demand recovery in some areas. However, quarterly net sales fell 8% to 4.33 billion euros ($4.70 billion), missing estimates of 4.76 billion euros due mainly to …
Nokia joins Ericsson in seeing signs of recovery after mixed results Read More »
By Shivansh Tiwary (Reuters) -Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday. The Seattle-area Boeing workers who build the planemaker’s most popular 737 MAX and other jets in factories on the U.S. West Coast went on …
Strike could cost Boeing $100 million-plus in daily revenue, analysts say Read More »
(Reuters) -Bank of America has hired Citigroup’s former Chief Accounting Officer Johnbull Okpara to the same role, according to a memo seen by Reuters. Okpara, who resigned from Citi earlier in the month after a stint of nearly 4 years, will replace long-serving accounting chief of Bank of America, Rudolf Bless. Joining in December, Okpara …
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -The 1.3 million-member Teamsters union could decide who to endorse in the 2024 U.S. presidential election as early as Wednesday after members met Democratic candidate Kamala Harris on Monday, Teamsters President Sean O’Brien said. Union representatives met her Republican rival Donald Trump in January. “We can’t kick …
Teamsters meet VP Harris, could make US presidential pick this week Read More »
By Rodrigo Campos and Noe Torres NEW YORK/MEXICO CITY (Reuters) – Mexico’s judicial reform has triggered investor concerns about uncertainty over the rule of law and the strength of the government’s institutions, yet with the reform now priced in, some analysts argue there may be buying opportunities forming. Latin America’s second-largest economy – a bellwether …
Analysis-Mexico’s judicial reform stokes investor fears, though some analysts bullish Read More »
(Reuters) – U.S. solar industry jobs rose 6% last year to nearly 280,000, their highest level ever, according to an annual study known as the National Solar Jobs Census published on Monday by the nonprofit Interstate Renewable Energy Council. WHY IT MATTERS Solar-generated electricity is one of the fastest-growing segments of the U.S. energy industry …
(Reuters) -Universal Music Group said on Tuesday it expects annual core profit growth of more than 10% through to 2028 on higher subscription revenue, expanded partnerships and boosted by the superfans of its artists such as Taylor Swift, BTS and Drake. The world’s biggest music label, which announced its financial targets through 2028 ahead of …
UMG, Taylor Swift’s music label, sees higher profit, helped by superfans Read More »
