SYDNEY (Reuters) – Australian home prices rose for a fourth consecutive month in June as a sustained squeeze on housing supply helped lift values nationwide, data showed on Monday. Property consultant CoreLogic figures showed national home prices were up 1.1% in June from the previous month, after bottoming in February and starting a sustained rise. …
Australian home prices climb for fourth month in June Read More »
(Reuters) – Pacific Investment Management Co (PIMCO) is preparing for a “harder landing” while top central bank chiefs prepare to continue their campaign of interest rate rises, Daniel Ivascyn, chief investment officer at the U.S. bond giant, told the Financial Times in an interview published on Sunday. “The more tightening that people feel motivated to …
PIMCO CIO says preparing for ‘harder landing’ for global economy – FT Read More »
By Anirudh Saligrama (Reuters) – United Airlines plans to make changes in flight operations to avoid weather-related disruptions ahead of the Fourth of July holiday travel, Chief Executive Officer Scott Kirby said on Saturday. Recent flight disruptions have raised new concerns about whether airlines are ready to handle the summer travel boom during the first …
By Doyinsola Oladipo and Rajesh Kumar Singh NEW YORK (Reuters) -The number of people traveling by air in the United States for the Fourth of July holiday is expected to surpass pre-COVID levels for the first time in four years, but recent flight disruptions raise fresh questions about airlines’ readiness to handle the summer travel …
Fresh flight disruptions threaten US Fourth of July holiday weekend travel Read More »
By Lisa Richwine LOS ANGELES (Reuters) -Hollywood’s actors union and major Hollywood studios agreed on Friday to keep negotiating through mid-July, staving off the immediate threat of a second labor strike in the entertainment business this summer. The SAG-AFTRA union and the Alliance of Motion Picture and Television Producers (AMPTP) said they would extend their …
Hollywood actors extend contract talks, temporarily averting strike Read More »
By Abhirup Roy SAN FRANCISCO (Reuters) -A group of EV charger makers and operators is pushing back against Texas’ plan to mandate the inclusion of Tesla technology in charging stations, saying it is “premature,” according to a document seen by Reuters and a source aware of the matter. Reuters reported last week that Texas would …
EV charging firms oppose Texas’ ‘premature’ plan to mandate Tesla standard -letter Read More »
(Reuters) – Walt Disney has been accused of systematically underpaying women in California in a lawsuit that alleges the company’s female employees in the state earned $150 million less than their male counterparts over an eight year period. The Friday filing in Los Angeles County Superior Court seeks to persuade the judge to certify a …
Disney accused in lawsuit of ‘systematically’ paying women less than men in California Read More »
By Jonathan Stempel (Reuters) – A federal judge on Friday said Pilgrim’s Pride, Sanderson Farms, Tyson Foods and several other companies must face private antitrust litigation accusing them of conspiring to inflate broiler chicken prices by reducing supply. Restaurants, supermarkets, distributors and consumers have accused chicken producers of having conspired starting in 2008 to inflate …
US chicken producers ordered to face price-fixing claims Read More »
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – Wall Street’s three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time. Apple Inc breached the …
Wall St rallies; Nasdaq hits 40-yr milestone, Apple scales $3 trillion Read More »
By Saeed Azhar, Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) -U.S. banks including JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their dividends on Friday after sailing through the Federal Reserve’s annual health check, which showed they have enough capital to weather a severe economic downturn. JPMorgan, the biggest U.S. bank by …
Top U.S. banks raise dividends after sailing through Fed stress tests Read More »
