By Herbert Lash (Reuters) -Wall Street’s major indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payrolls numbers due on Friday that the Federal Reserve’s aggressive interest rate stance will lead to a recession. Markets briefly took comfort from data that showed weekly jobless claims rose by the most in …
Wall Street closes lower as the Fed pounds rate hike drum Read More »
By Doyinsola Oladipo NEW YORK (Reuters) – The U.S. National Labor Relations Board (NLRB) said on Thursday that union representation petitions increased 53% in fiscal year 2022 when compared with 2021 and were at the highest since 2016. Workers from companies, including Starbucks Corp and Amazon.com Inc, are increasingly turning to established and independent unions …
U.S. labor board says union representation petitions soar 53% in a year Read More »
By Paresh Dave OAKLAND, Calif. (Reuters) – Google’s debut smartwatch will go on sale Oct. 13 for $350, the Alphabet Inc unit said on Thursday, taking on a field dominated by Apple Watch at a time when inflation-hammered consumers are shunning all forms of pricey wearables. At $100 more than Apple Inc’s lowest-cost model and …
Google’s new Pixel Watch faces hurdles with economy, no iPhone support Read More »
By Eric Cox (Reuters) – From the perennial popularity of Starbucks’ Pumpkin Spice Lattes to the annual introduction of creative new pumpkin-related products, like Hefty’s already sold-out pumpkin-scented trash bags, the brightly-colored crop seems to hold a special place in the hearts, minds and wallets of Americans. Nielsen data reveals Americans spend about half a …
Oh my gourd! Pumpkin spice trend is a $500 million industry in U.S. Read More »
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses in recent weeks and as interest rate hikes by the Bank of Canada threaten to push the domestic economy into recession, a Reuters poll showed. The currency has weakened around …
Analysts cut Canadian dollar forecasts as recession risk looms: Reuters poll Read More »
By Marianna Parraga HOUSTON (Reuters) -Venezuelan opposition leader Juan Guaido asked the United States for details of Chevron Corp’s expanded license request to operate in the South American country, according to a letter sent to a senior U.S. official on Monday that also asked to be consulted before any U.S. decisions. Guaido’s team is concerned …
Exclusive-Venezuela’s opposition seeks U.S. consultations on Chevron license Read More »
(Reuters) – American Express Co has lifted COVID-19 vaccine requirements at its offices, according to an internal memo seen by Reuters on Wednesday, as the credit card giant prepares to remove pandemic-era protocols. The new guidelines will take effect on Nov. 1 and will apply to offices in the United States, Canada, Australia and New …
American Express ends COVID vaccine requirements for working from office Read More »
WILMINGTON, Del (Reuters) – Elon Musk attorney Alex Spiro was unaware of a Twitter Inc whistleblower before his allegations became public on Aug. 23 and Spiro took no action regarding an anonymous May 6 email claiming to be from a former Twitter employee, according to a Wednesday court filing. (Reporting by Tom Hals in Wilmington, …
Musk’s attorney was unaware of Twitter whistleblower before Aug. 23 – court filing Read More »
By Ernest Scheyder (Reuters) -In a February meeting with mining executives, President Joe Biden laid out an aggressive goal for the United States to produce more of its own minerals for the electric vehicle revolution in ways that respected the environment. A “big part” of those efforts, the president said, was a plan by Warren …
U.S. steps away from flagship lithium project with Buffett’s Berkshire Read More »
By Herbert Lash, Ankika Biswas and Bansari Mayur Kamdar (Reuters) -Wall Street stocks closed lower on Wednesday, unable to sustain a late-day surge, after data showing strong U.S. labor demand again suggested the Federal Reserve will keep interest rates higher for longer. Fed officials have insisted on aggressive rate tightening to battle inflation, a message …
Wall St ends down as two-day rally fizzles on data, Fed message Read More »
