By Ann Saphir (Reuters) -U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for “some time” to bring inflation back down to the Fed’s 2% target, but their unity around that phrase masks an ongoing debate over another possible rate hike this year. “I remain willing to support raising the federal …
Fed policymakers see rates staying high for ‘some time’ Read More »
By Daniel Wiessner (Reuters) – In a victory for Tesla, a judge has ruled that a group of vehicle owners must pursue claims that the company misled about its Autopilot features in individual arbitration rather than court. The ruling means Tesla will not have to face class action claims on behalf of much larger groups …
Tesla scores Autopilot victory as judge rules owners must use arbitration Read More »
By Nate Raymond (Reuters) -A federal appeals court on Saturday blocked a venture capital fund from moving forward with a program that awards funding to businesses run by Black women in a case by the anti-affirmative action activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies. The Atlanta-based 11th U.S. Circuit …
US appeals court blocks venture capital fund’s grant program for Black women Read More »
(Reuters) – California Governor Gavin Newsom on Saturday vetoed a bill that would have paid unemployment benefits to striking workers, and had drawn strong support from labor unions and from his fellow Democrats in the state legislature. In rejecting the bill, Newsom noted that the state’s unemployment trust fund is already nearing $20 billion in …
California governor vetoes bill offering unemployment pay to strikers Read More »
(Reuters) -The International Longshore and Warehouse Union (ILWU) representing U.S. dockworkers has filed for a chapter 11 bankruptcy protection to resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI). The union has listed its assets and liabilities in the range of $1 million to $10 million, according to …
International Longshore and Warehouse US dockworkers union files for bankruptcy Read More »
(Reuters) – A film based on U.S. pop star Beyonce’s hit “Renaissance World Tour” is set to be distributed globally by a unit of AMC Entertainment, the company said, as cinema chains look to fill content gaps stemming from Hollywood strikes. Beyonce’s film is a theatrical production of the singer-songwriter’s global tour this summer, spanning …
Beyonce’s concert film to be distributed globally by AMC Read More »
By Leika Kihara TOKYO (Reuters) -More Bank of Japan policymakers discussed the prospects of an eventual exit from ultra-loose policy, a summary of opinions at their September meeting showed, sending 10-year government bond yields up to their highest levels in a decade. The summary, which followed Governor Kazuo Ueda’s weekend speech on the exit path, …
BOJ discussed factors for exiting easy policy at Sept meeting; 10-yr JGBs falter Read More »
(Reuters) – Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained some way above the central bank’s target rate. Data from national statistics agency INEI showed the key index based on the metropolitan region …
Peruvian annual inflation eases to lowest level in more than two years Read More »
(Reuters) – Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights. The SPARC, an affiliate of billionaire investor Bill Ackman’s Pershing Square Tontine Holdings Ltd, is targeting companies that seek to raise a minimum of $1.5 …
Ackman’s SPARC is seeking new deals with private companies Read More »
(Reuters) -The coalition of unions representing healthcare workers at Kaiser Permanente said late on Saturday it is unlikely there will be a new agreement with the healthcare provider, as their current contract expires and the unions prepare for strike action. The Coalition of Kaiser Permanente Unions said it and the company remained far apart on …
Kaiser Permanente workers say deal unlikely to avert strike Read More »
