By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s main indexes closed more than 1% lower on Thursday as fresh evidence of a tight labor market ate away at any hopes investors had that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. Thursday’s ADP National …
Wall St ends down; jobs data feeds fears of more Fed tightening Read More »
CARACAS (Reuters) – Venezuelan consumer prices rose at a sharp 37.2% clip in December from November, heightening the risk of a return to hyperinflation, according to estimates by the Venezuelan Finance Observatory, a non-governmental group of economists. The private inflation estimate is key since Venezuela’s central bank, which in October said annual inflation hit 155%, …
By Angus Berwick (Reuters) -FTX’s former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month. Several other former FTX executives have also engaged counsel to discuss …
Exclusive-FTX’s former top lawyer aided U.S. authorities in Bankman-Fried case Read More »
By Doyinsola Oladipo NEW YORK (Reuters) – 2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years under their belt. Surging firings by technology companies last year are disproportionately affecting women and mid-career talent which may make …
Big tech layoffs may further disrupt equity and diversity efforts Read More »
By Laila Kearney NEW YORK (Reuters) -Growth in the U.S. solar industry is expected to slow down in 2023, while some European and Asian markets are poised to surge, SolarEdge Chief Financial Officer Ronen Faier said on Thursday. High prices and regulatory uncertainties will constrain U.S. solar expansion, even though the nascent Inflation Reduction Act …
SolarEdge sees U.S. solar growth slowing in 2023, European markets surging Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43% in December, pointing to a still-tight labor market that could force the Federal Reserve to keep hiking interest rates. Labor market resilience was underscored by other data on …
U.S. labor market strong at end of 2022; trade gap narrows sharply Read More »
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) said a former BlackRock Advisors, LLC portfolio manager has agreed to pay a $250,000 penalty to resolve charges he failed to disclose a conflict of interest. The SEC said that Randy Robertson, the portfolio manager, did not properly disclose a relationship he had with a …
U.S. SEC charges hits former BlackRock portfolio manager with $250,000 fine Read More »
SHANGHAI (Reuters) -Tesla Inc delivered 55,796 China-made electric vehicles in December, the lowest level in five months, according to data from the China Passenger Car Association (CPCA) on Thursday. That was a 44% drop from November and 21% fewer than a year earlier as the U.S. automaker reduced output and cut prices to deal with …
Tesla’s Dec sales of China-made cars fall to the lowest in five months Read More »
BERLIN (Reuters) -German exports unexpectedly fell in November as high inflation and market uncertainty continue to weigh on Europe’s largest economy despite fading supply chain problems. Exports fell by 0.3% on the month, data from the federal statistics office showed on Thursday. Analysts polled by Reuters predicted 0.2% growth. November’s drop comes after October’s figures …
(Reuters) – The Russian rouble showed positive dynamics against the dollar and the euro amid a rebound in oil prices in thin holiday trading on Thursday. At 0711 GMT the rouble gained 1.3% against the dollar to trade at 71.06 on the Moscow Exchange. Against the euro, the rouble was up 0.85% to 75.50. Russian …
Russian rouble up vs dollar, euro in light trade Read More »
