Reuters US Business

(Reuters) – The latest government data on Friday showed the U.S. added 216,000 jobs in December, as the labor market settles back towards more normal levels following almost four years of upheaval caused by the COVID-19 pandemic. Figures on worker absences that accompany the U.S. Labor Department’s monthly employment report, derived from a separate monthly …

US worker absences highlight mixed labor market as pandemic recedes Read More »

By David Shepardson (Reuters) – Chrysler-parent Stellantis said on Friday it will not advertise in next month’s NFL Super Bowl, citing the challenging U.S. automotive market. In November, General Motors said it would not advertise during the heavily watched National Football League championship game as it cuts marketing costs. Stellantis said earlier this week it …

Chrysler-parent Stellantis will not advertise in 2024 Super Bowl Read More »

By Jonathan Spicer and Marc Jones ISTANBUL/LONDON (Reuters) – U.S. investment giants Pimco and Vanguard have bought local Turkish assets in recent months, senior executives said, betting that the country will maintain high interest rates after years of erratic policymaking under President Tayyip Erdogan. Interviews with the executives show that two of the world’s biggest …

Exclusive-US giants Pimco, Vanguard invest in Turkey after its return to rate hikes Read More »

By Carolina Mandl NEW YORK (Reuters) – Investors who bet against U.S. and Canadian stocks had paper losses of $194.9 billion last year following a sharp market rally, data provider S3 Partners Research said on Thursday. The firm said 2023 was an “exceedingly difficult year” for short sellers, after the Nasdaq Composite Index surged 43.4% …

Short sellers lost $195 billion in 2023 bets against US, Canadian stocks -S3 Read More »

By Michael S. Derby NEW YORK (Reuters) – Wall Street’s biggest banks shifted ahead of last month’s Federal Reserve meeting toward predicting the U.S. central bank would end its balance sheet reduction process later this year than previously thought, according to a survey released on Thursday by the New York Fed. Banks, referred to as …

Wall Street banks push back expected end of Fed balance sheet drawdown Read More »

By Mrinalika Roy and Laura Sanicola (Reuters) -U.S. refiner and petrochemical manufacturer Phillips 66 is in active discussions for a sale of its non-core assets, Chief Executive Mark Lashier said on Thursday during an energy conference. Last year, the company said it would monetize $3 billion in non-core assets in 2024 as part of a …

Phillips 66 in talks for non-core assets sale: CEO Read More »

By Manya Saini (Reuters) -Wilson tennis racket maker Amer Sports on Thursday revealed a 30% revenue surge for the first nine months of 2023 in its filing to go public in the U.S., joining other high-profile firms looking to take advantage of recovering investor appetite. U.S. initial public offerings, which went through an arid period …

Wilson tennis racket maker Amer Sports files for US IPO Read More »

By David Shepardson WASHINGTON (Reuters) -A group of 33 senators on Thursday urged Tesla and 12 other automakers to remain neutral in ongoing efforts by the United Auto Workers (UAW) to organize U.S. auto plants. The letter, signed by Democrats Gary Peters, Ron Wyden, Dick Durbin, Patty Murray, Alex Padilla, Sherrod Brown Debbie Stabenow and …

US Senators urge Tesla, other automakers to stay neutral in union organizing Read More »