By Jonathan Saul and Ari Rabinovitch JERUSALEM (Reuters) -The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip, according to data and sources. Israel has vowed to annihilate Hamas in retaliation for a rampage in …
Backlog at Israeli ports grows as country steps up shipping supplies Read More »
(Reuters) -The United Auto Workers said on Saturday they had to escalate action against Ford as they expected a revised offer from the automaker but were given the same offer as two weeks ago. “Unfortunately, we had to escalate our action. We came here today to get another offer from Ford, and they gave us …
MARRAKECH, Morocco (Reuters) – International Monetary Fund members on Saturday pledged to complete a review of quota funding by Dec. 15, voicing support for an increase that at least maintains the IMF’s overall lending resources as bilateral borrowing arrangements expire. A statement issued by the Fund’s steering committee chair, Spanish economy minister Nadia Calvino, also …
IMF steering committee calls for new funds, share plan by June 2025 Read More »
MARRAKECH, Morocco (Reuters) – Overshadowed by fresh Middle East violence and hosted by a country still recovering from an earthquake, the week-long annual meetings of the International Monetary Fund and World Bank wrapped up on Saturday. Discussions in the Moroccan city of Marrakech ranged from the prospects for a world economy weighed down by debt, …
By Lewis Krauskopf NEW YORK (Reuters) – Investors in the coming week will get a look at the state of U.S. consumers – whose spending drives around two-thirds of the economy – with a U.S. retail sales report and earnings due from Procter & Gamble, Netflix and a slew of banks. Durable consumer spending has …
Investors zero in on health of consumer with retail sales, earnings Read More »
By Sinéad Carew, Shashwat Chauhan and Ankika Biswas (Reuters) – The S&P 500 and the Nasdaq closed lower on Friday as deteriorating consumer sentiment data and the Middle East conflict soured investors on riskier bets and overshadowed upbeat quarterly earnings from some of the largest U.S. banks. Wall Street’s three major indexes opened higher but …
S&P 500, Nasdaq fall with data, geopolitics offsets strong results Read More »
By Michael Erman (Reuters) -Pfizer on Friday slashed its full-year revenue forecast by 13% and said it will cut $3.5 billion worth of jobs and expenses due to lower-than-expected sales of its COVID-19 vaccine and treatment. Pfizer earned record revenue in 2021 and 2022, topping $100 billion last year, after developing its vaccine Comirnaty with …
Pfizer slashes revenue forecast on lower COVID sales, will cut costs Read More »
(Reuters) -Elon Musk’s X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board (NLRB) accused X — formerly known as Twitter — of violating the federal law that prohibits punishing …
Musk’s X illegally fired worker challenging office return -US labor board Read More »
By Chris Prentice and Hannah Lang NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund (ETF), said a source familiar with the matter. The District of Columbia Court …
US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source Read More »
By Svea Herbst-Bayliss (Reuters) -Starboard Value, the activist hedge fund run by Jeffrey Smith, has bought shares of News Corp, according to people familiar with the matter, a move that could presage new calls from investors for changes to Rupert Murdoch’s media empire. The fund’s plans and the size of its stake in News Corp …
Exclusive-Activist hedge fund Starboard eyes Rupert Murdoch’s News Corp -sources Read More »
