Reuters US Business

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve does not have adequate systems to counter a “malign” effort by China to gather inside information on the U.S. economy and monetary policy, according to a report that was prepared by Republican staff of the Senate Homeland Security Committee, and promptly rejected by the Fed as …

Fed not adequately prepared to thwart Chinese information gathering -report Read More »

By Susan Mathew (Reuters) -European stocks were flat on Tuesday as a slide in retailers and Swiss bank UBS offset a rally in oil stocks and Unilever, which rose after an upbeat sales forecast. Retail stocks lost 2.1%, set for their biggest drop in six-weeks, hit by a profit warning from top U.S. retailer Walmart …

European shares flat as UBS, retailers slide offset Unilever boost Read More »

By Nichola Groom (Reuters) – The number of jobs in the U.S. solar energy industry rose 9% last year to more than 255,000, with most workers employed in installation and project development, according to a report published on Tuesday. The rise marked a return to growth in sector employment following a contraction in 2020 due …

U.S. solar industry jobs rose 9% in 2021, mainly in installation Read More »

By Carolyn Cohn and Christoph Steitz LONDON/FRANKFURT (Reuters) – European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability. Despite an energy crisis following sanctions on Russia, major European investors say they will not …

Return of coal a threat to European companies’ ESG ratings Read More »

HONG KONG (Reuters) – The following are quotes from analysts and lawyers after Alibaba said it would apply for a primary listing in Hong Kong and keep its U.S. listing, the first big firm to take advantage of a rule change in the Asian financial hub. IVY WONG, CAPITAL MARKETS PRACTICE ASIA PACIFIC CHAIR, BAKER …

Reaction to Alibaba seeking dual primary listing in Hong Kong Read More »

NEW YORK (Reuters) -Walmart Inc on Monday cut its profit forecast as food and fuel inflation forced customers to limit purchases of other items, and the retailer responded by cutting prices of clothing and general merchandise. Shares of the nation’s largest retailer were down 9% in trading after the bell, dragging down shares of rivals …

Walmart cuts profit forecast, blames food and fuel inflation Read More »

By Lisa Baertlein (Reuters) -Marine terminals at California’s Port of Oakland opened for normal operations n Monday after port leaders and police ended a week-long independent truck driver protest of the state’s new “gig worker” law, which stranded cargo on ships, docks and warehouses and worsened U.S. supply chain snarls. Port executives and police restricted …

Terminals at California’s third-busiest port resume regular hours on Monday Read More »

OTTAWA (Reuters) -Canada will examine the resiliency of telecom networks across the country before approving Rogers Communications Inc’s proposed C$20 billion ($15.6 billion) acquisition of Shaw Communications Inc, Industry Minister Francois Philippe Champagne said on Monday. The deal is being blocked by Canada’s competition bureau but Champagne has the last word on approving the merger. …

Canada to assess network resiliency before clearing Rogers-Shaw deal Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 see-sawed on Monday and ended close to unchanged as investors girded for an expected rate hike at a Federal Reserve meeting this week and earnings from several large-cap growth companies. The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major …

S&P 500 ends choppy session nearly flat; investors eye Fed, earnings Read More »

By Luc Cohen NEW YORK (Reuters) -A former Goldman Sachs banker, a former FBI agent trainee, and a technology executive were among those charged on Monday with insider trading in separate schemes that together generated millions of dollars in profits, U.S. prosecutors said. “Each of the defendants charged today corrupted the integrity of the markets,” …

Former Goldman banker, ex-FBI trainee charged with insider trading Read More »