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By Simon Jessop LONDON (Reuters) – More than 220 investors managing $30 trillion have signed up to a plan to push companies over social issues and human rights, with an initial focus on firms in the mining, metals and renewables sectors. Dubbed ‘Advance’, the coalition is the largest such stewardship initiative, said the organiser, the …

Investors with $30 trln to push companies on human rights, social issues Read More »

(Reuters) – The head of Meta Platforms’ business group said on Wednesday that the holiday shopping season started earlier than usual this year and produced a Black Friday sales weekend that appeared to be the biggest on record. Consumers anxious about supply shortages were stocking up early on desired gifts, while businesses with excess inventory …

Meta executive says holiday sales were earlier and bigger this year Read More »

NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said she “practiced and practiced” writing the signature that will soon adorn U.S. dollars in order to avoid the illegible scrawls of her predecessors Tim Geithner and Jack Lew. “I knew this was something you could really screw up and I wanted to get it right, …

U.S. Treasury’s Yellen ‘practiced and practiced’ her signature for U.S. bills Read More »

By Michelle Nichols and Axel Threlfall NEW YORK (Reuters) -A deal is “quite close” to resume Russian ammonia exports via a pipeline to a Black Sea port in Ukraine, U.N. aid chief Martin Griffiths told a Reuters NEXT event on Wednesday, stressing that it was “almost more important” than ensuring grain exports. Facilitating Russia’s food …

U.N. says deal close on resuming Russia ammonia exports via Ukraine Read More »

(Reuters) -Salesforce Inc said on Wednesday that Bret Taylor would step down as co-chief executive officer, sending its shares down 5% in extended trading. The company said Marc Benioff would take the role of chief executive officer. Separately, Salesforce also raised its annual profit forecast, betting on resilient demand for its cloud-based software as more …

Salesforce says Bret Taylor to step down as co-CEO Read More »

NEW YORK (Reuters) – The Federal Reserve could scale back the pace of its interest rate hikes as soon as December, Fed Chair Jerome Powell said on Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for …

Instant View: Powell says rate hike moderation may come by December Read More »

(Reuters) – The Federal Reserve has been “pretty aggressive” already with its interest rate hikes and won’t try to crash the economy with further sharp increases just to get inflation under control faster, Fed Chair Jerome Powell said on Wednesday “We might get rid of inflation, but at a very high human cost,” Powell said …

Fed won’t crash economy with interest-rate hikes: Powell Read More »

By Lindsay Dunsmuir (Reuters) – U.S. firms flashed mixed signals on the strength of the economy, inflation and labor demand in the month and a half before the Thanksgiving holiday and were more downbeat about the outlook, a Federal Reserve report showed on Wednesday, as the central bank struggles to bring down inflation without causing …

U.S. firms more pessimistic about economic outlook, Fed survey shows Read More »

(Reuters) – Alphabet Inc’s YouTube said it is working to fix an issue after the platform was down for thousands of users on Wednesday. “We’re aware that many of you using the YouTube app on iOS devices may be experiencing crashes,” tweeted YouTube, adding that updates will come soon. Downdetector, which showed there were more …

YouTube says fixing issues after reported outages Read More »