By Sinéad Carew and Ankika Biswas (Reuters) – Wall Street’s main indexes all gained more than 2% on Friday after December payrolls expanded more than expected even as wage increases slowed and services activity contracted, easing worries about the Federal Reserve’s interest rate hiking path. U.S. nonfarm payrolls rose by 223,000 jobs in December, Labor …
Wall St rallies as jobs, services data calm rate hike worries Read More »
By Andrea Shalal WASHINGTON (Reuters) -The U.S. economy appears headed for a soft landing, with recent economic data pointing to an ongoing recovery, not a recession, White House economist Heather Boushey told Reuters on Friday. Boushey welcomed Friday’s data showing the U.S. economy adding jobs at a solid clip in December, with the unemployment rate …
U.S. likely headed for economic ‘soft landing’ -White House’s Boushey Read More »
By Tom Hals and Dietrich Knauth (Reuters) -FTX’s U.S.-based bankruptcy team agreed to coordinate with liquidators who are winding down the crypto exchange’s operations in the Bahamas, resolving a dispute that threatened the recovery of what could be billions of dollars in lost funds. In a joint statement on Friday, the two sides said they …
FTX teams in U.S., Bahamas to coordinate fund recovery efforts Read More »
By Hilary Russ NEW YORK (Reuters) -Burger chain McDonald’s Corp said on Friday that it will review corporate staffing levels and aim to build more restaurants as part of an updated business strategy. The new plan, announced in a letter from Chief Executive Officer Chris Kempczinski to global employees and seen by Reuters, calls for …
McDonald’s to boost restaurant growth, streamline some programs Read More »
MEXICO CITY (Reuters) – Mexico’s headline inflation likely accelerated in December after slowing its pace for two straight months, a Reuters poll showed Friday, reinforcing bets that monetary policymakers will maintain a restrictive monetary policy to tame prices. The median forecast of 11 analysts shows annual inflation at 7.85% in December, up from the 7.80% …
Mexico headline inflation seen speeding up in December, core index down: Reuters poll Read More »
By Jonathan Stempel (Reuters) – The franchise operator of 18 McDonald’s locations in Nevada, Arizona and California agreed to pay $1,997,500 to settle regulatory charges it allowed pervasive sexual harassment at its restaurants, the U.S. Equal Employment Opportunity Commission said on Friday. Since at least 2017, AMTCR Inc knew about and let supervisors, managers and …
McDonald’s franchisee settles U.S. agency’s sexual harassment lawsuit Read More »
LONDON (Reuters) – A potential shift by the world’s most dovish major central bank, inflation pressures abating, a turn in the economic outlook and oil markets suffering their biggest tumble in decades: Welcome to 2023! A raft of data should shed light on some of those trends and tribulations, while in the United States the …
By Michael S. Derby (Reuters) -St. Louis Federal Reserve leader James Bullard expressed optimism on Thursday that the new year could finally bring relief from inflation, adding the risk of a U.S. recession has fallen in recent weeks. The rate-setting Federal Open Market Committee “has taken aggressive action during 2022, with ongoing increases in the …
Fed’s Bullard says prospects for a U.S. soft landing are rising Read More »
By Christopher Walljasper CHICAGO (Reuters) – The Biden administration is awarding an additional $9.6 million in grants and loans to expand meat processing across the country, it announced on Thursday as the government tries to diversify the industry beyond four companies that have long dominated it. The effort to expand meat processing capacity comes after …
Small U.S. meatpackers get $9.6 million boost from Biden administration Read More »
(Reuters) – A U.S. judge on Thursday said she will rule “in the next couple of months” about whether former U.S. President Donald Trump erred in 2021 when he approved Lithium Americas Corp’s plan to build North America’s largest lithium mine. Chief Judge Miranda Du of the federal court in Reno, Nevada, held a Thursday …
U.S. judge to rule in Thacker Pass lithium mine case within months Read More »
