By Stephen Nellis (Reuters) – Apple Inc will not challenge the results of a vote by workers at its Towson, Maryland, store to unionize and intends to participate in the bargaining process in good faith, a person familiar with the company’s plans told Reuters on Friday. Nearly two-thirds of the employees at the store voted …
Apple will not challenge Maryland store unionization vote Read More »
By David Shepardson WASHINGTON (Reuters) – A group of six Republican senators https://www.cotton.senate.gov/news/press-releases/cotton-colleagues-demand-action-from-biden-administration-against-tiktok on Friday asked U.S. Treasury Secretary Janet Yellen about an ongoing Biden administration national security review of social media platform TikTok. The U.S. government’s Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national …
Senators seek update on U.S. security review of TikTok Read More »
(Reuters) – Chevron Corp is planning to sell its global headquarters in California and has offered to cover costs for some employees to relocate to Texas, the Wall Street Journal reported on Friday. The U.S oil company said it would remain based in California, but will leave its Chevron Park campus in San Ramon, the …
Chevron to sell California global headquarters – WSJ Read More »
By Ann Saphir (Reuters) -Two Federal Reserve presidents sold or plan to sell securities in light of strict new limits on policymakers’ investment portfolios, put in place after an ethics scandal last year involving trading activities of two fellow central bankers, financial disclosures published on Friday show. Richmond Fed’s Thomas Barkin will divest Georgia state …
Fed’s Barkin, Daly exit some securities as rules revamped Read More »
WASHINGTON (Reuters) – The head of the International Monetary Fund on Friday underscored the importance of fighting inflation now to shore up the prospects for economic growth in the future, warning that doing so could cause “some pain” to consumers in the short run. “Success over time (in lowering prices) will be beneficial for global …
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(Reuters) – Ratings agency Moody’s on Friday affirmed United States’ rating at “Aaa”, citing the country’s emergence from the pandemic shock with “exceptional” economic strength. “Moody’s expects the US economy and the sovereign’s credit profile to remain resilient to shocks, including the current challenges to the global economy from high and persistent inflation, tightening financial …
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(Reuters) – Bringing down inflation is the U.S. central bank’s “number one priority right now,” but raising interest rates to do so is unlikely to trigger a recession, San Francisco Federal Reserve Bank President Mary Daly said on Friday. The central bank’s 75-basis-point interest rate hike last week to a range of 1.5%-1.75% “puts policy …
Fed’s Daly: bringing down inflation is ‘number one priority’ Read More »
NEW YORK (Reuters) – Goldman Sachs Group Inc will cover travel expenses for its U.S.-based employees who need to go out-of-state to receive abortion or gender-affirming medical care starting July 1, the banks said in a memo on Friday. The new policy follows a raft of similar announcements from big financial companies released after the …
Goldman Sachs to cover U.S. employee’s travel expenses for abortions Read More »
NEW YORK (Reuters) – The second-largest U.S. bank, Bank of America, joined other top financial firms in saying on Friday it will cover travel costs for employees who need to go out-of-state to receive reproductive healthcare services like abortions, according to a statement from the bank. The new policy follows a raft of similar announcements …
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By Sonali Paul MELBOURNE (Reuters) – Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling to meet shortfalls of Russian gas and winter takes hold Down Under. Europe’s rush for supplies and an outage at the biggest U.S. LNG plant supplying Europe have had …
Analysis: Up-ended global LNG markets deepen Australia’s power woes Read More »
