By Maytaal Angel, Jessica DiNapoli and Richa Naidu LONDON/NEW YORK (Reuters) – (This Aug. 18 story has been corrected to clarify that Europe has seen chocolate price increases of 13%, not 20%, over past two years, while the United States, not North America, has seen price increases of 20% in paragraph 3; sourced data to …
Chocolate makers’ prospects sour as cocoa prices spike Read More »
(Reuters) -The U.S. Federal Trade Commission (FTC) has suspended its challenge of Amgen’s $27.8 billion purchase of Horizon Therapeutics, allowing the FTC to consider whether the agency should settle the case, a filing late on Friday showed. The pause is effective until Sept. 18. Amgen said the company was aware of the move and is …
US FTC suspends challenge to block Amgen’s $27.8 billion deal for Horizon Therapeutics Read More »
By Ann Saphir and Howard Schneider JACKSON HOLE, WYOMING (Reuters) – Beating inflation will probably require one more U.S. interest-rate hike and then going on hold for “a while,” Cleveland Federal Reserve Bank Loretta Mester said on Saturday, adding that she may reassess her earlier view that rate cuts could start in late 2024. While …
Fed’s Mester sees another rate hike, says rate cuts may have to wait Read More »
By Daniel Wiessner (Reuters) – A new lawsuit accusing SpaceX of illegally refusing to hire asylum recipients and refugees could be an important test of the U.S. government’s stance that national security concerns do not allow companies to discriminate against non-citizens. Elon Musk, CEO of the rocket and satellite company, said in response to the …
SpaceX lawsuit could be key test of US policy on bias against refugees Read More »
By Joseph White, David Shepardson and Shivansh Tiwary (Reuters) -The United Auto Workers (UAW) union on Friday said members voted overwhelmingly in favor of authorizing a strike at the Detroit Three automakers if agreement is not reached before the current four-year contract expires on Sept. 14. The authorization was approved by 97% of voting members …
UAW votes overwhelmingly to authorize strike at Detroit Three automakers Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended a volatile session higher on Friday as investors digested comments from Federal Reserve Chair Jerome Powell that the U.S. central bank may need to raise interest rates further to ensure inflation is contained. Powell also acknowledged that price pressures have eased in his much-anticipated morning …
Indexes end higher in volatile trade as investors assess Powell speech Read More »
By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming (Reuters) -The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the …
Fed’s Powell: higher rates may be needed, will move ‘carefully’ Read More »
By David Randall NEW YORK (Reuters) – U.S. stock investors are bracing for a potentially volatile September as the market faces key economic data reports, a Federal Reserve meeting and worries over a possible government shutdown during a month of historically muted equity performance. In Septembers since 1945, the S&P 500 has declined an average …
Historically stormy month of September may test US stock rally Read More »
By Greg Roumeliotis (Reuters) -Private equity firm Veritas Capital has made an offer to buy BlackBerry Ltd, according to a person familiar with the matter, months after the Canadian technology company began a strategic review. U.S-listed shares of BlackBerry, which earlier rose about 17% on the news, closed at $5.23, giving the company a market …
Private equity firm Veritas makes takeover offer for BlackBerry -source Read More »
(Reuters) -Cybersecurity startup Wiz said on Friday it is considering a potential bid for SentinelOne after the $4.9 billion company started exploring strategic options. SentinelOne has struggled to become profitable, with clients slashing their information technology spending amid an uncertain economy and sticky inflation. Earlier in the week, people familiar with the matter told Reuters …
Cybersecurity startup Wiz considers potential bid for SentinelOne Read More »
