Reuters US Business

By Sheila Dang (Reuters) -Twitter has laid off 50% of its employees, the company’s head of safety and integrity said on Friday in a tweet, while saying that the social media platform’s content moderation capabilities remained in place. The tweet by safety and integrity head Yoel Roth moved to reassure users and advertisers following the …

Twitter says 50% of staff laid off, moves to reassure on content moderation Read More »

By Howard Schneider and Michael S. Derby (Reuters) -Even as global central banks rapidly tightened financial conditions this year, U.S. households, banks and businesses have so far been able to adapt, Federal Reserve Vice Chair Lael Brainard said as the Fed released its semiannual report on financial stability. “Over the period, household and business indebtedness …

Fed says financial system holding up through turbulent year Read More »

By Lindsay Dunsmuir and Michael S. Derby (Reuters) – Four Federal Reserve policymakers on Friday indicated they would still consider a smaller interest rate hike at their next policy meeting, despite new data showing another month of robust job gains and only small signs of progress in lowering inflation. The United States added 261,000 jobs …

Fed officials keep rate-hike pivot on the radar despite strong jobs data Read More »

NEW YORK (Reuters) – Speculators’ net long bets on the U.S. dollar fell in the latest week to the smallest position in more than a year, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $3.08 billion for the week …

Speculators’ net long USD bets shrink to a more than 1-year low -CFTC, Reuters Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth increased more than expected in October, but the pace is slowing and the unemployment rate rose to 3.7%, suggesting some loosening in labor market conditions, which would allow the Federal Reserve to shift towards smaller interest rates increases starting in December. The Labor Department’s closely watched …

U.S. job growth strong in October, but cracks emerging Read More »

By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Friday agreed to hear Amgen Inc’s bid to revive patents on its cholesterol drug Repatha that were invalidated due to a legal challenge by rivals Regeneron Pharmaceuticals Inc and Sanofi SA. The justices took up Amgen’s appeal of the lower court ruling that threw out …

U.S. Supreme Court to hear Amgen bid to revive cholesterol drug patents Read More »

By Howard Schneider WASHINGTON (Reuters) – The headline number in the U.S. October jobs report released on Friday showed firms adding a more-than-expected 261,000 jobs and hourly wages continuing to rise, evidence of a still-tight labor market. Yet under the hood may lie evidence of the “softening” Federal Reserve officials say will be needed to …

Still-strong U.S. jobs report may show weakening in some of the details Read More »

(Reuters) – Boeing Co said on Friday its subsidiary Jeppesen was impacted by a cyber incident which affected certain flight planning products and services. Jeppesen, which provides analytical services to air carriers, said on its website it was experiencing technical issues with some products, services and communication channels and was working to restore functionality as …

Boeing subsidiary Jeppesen’s services impacted by cyber incident Read More »