By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s economic growth picked up pace in the first quarter and was likely to accelerate further this year amid sustained demand and the reopening of international borders, the central bank said on Friday. Gross domestic product rose 5% in the January-March period, faster than …
Malaysia’s solid Q1 GDP heralds more policy tightening Read More »
By Allison Lampert MONTREAL (Reuters) – Canadian flight attendants are demanding pay for time on the ground as well as in-flight, as they have recently endured delays, sometimes for hours, at the country’s busiest airport due to staff shortages, health checks and rising traffic. The Canadian Union of Public Employees (CUPE) said its members are …
Canadian flight attendants demand ground pay, citing airport delays Read More »
By Sinéad Carew and Medha Singh (Reuters) – Trading in shares of AMC Entertainment and GameStop was volatile on Thursday as the so-called meme stocks pared gains after rallying sharply earlier in the day as some investors looked for bargains following several days of losses. Both companies, which released no new announcements on their websites …
AMC, GameStop shares snap five-day session sell-off Read More »
By Chris Taylor NEW YORK (Reuters) – As TikTok accounts focused on money gain huge followings, stodgy financial firms are wedging themselves into youth-oriented social media platforms for a piece of the action. Independent “FinTok” influencers like Mark Tilbury (@marktilbury, 7 million followers), Humphrey Yang (@humphreytalks, 3.3 million), Tori Dunlap (@herfirst100k, 2.1 million) and Erika …
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Calling stable prices the “bedrock” of the economy, Federal Reserve Chair Jerome Powell said on Thursday that the U.S. central bank’s battle to control inflation would “include some pain” as the impact of higher interest rates is felt, but that the worse outcome would be for …
Powell says Fed will fix inflation, calls stable prices ‘bedrock’ of economy Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it could remain elevated, prompting ever more aggressive tightening from the Federal Reserve. All three major U.S. stock indexes seesawed and the S&P 500 came within striking distance …
Wall Street whipsaws, S&P closes lower on worries of prolonged inflation Read More »
By David Morgan and Ann Saphir WASHINGTON (Reuters) -The U.S. Senate on Thursday confirmed Jerome Powell to a second four-year term as head of the Federal Reserve, paving the way for the former investment banker to continue leading the central bank as it confronts the highest inflation in 40 years. Powell, who was renominated by …
U.S. Senate confirms Powell for second term as Fed chief in bipartisan vote Read More »
By Isla Binnie and Susanna Twidale MADRID/LONDON (Reuters) – Major Canadian pension fund Ontario Teachers’ Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia’s Macquarie Group Ltd to develop projects around the world, the companies told Reuters on Thursday. Soaring numbers of turbines planted off …
Exclusive: Ontario Teachers to invest up to $1 billion in Macquarie offshore wind unit Read More »
(Reuters) -Beyond Meat Inc missed estimates for quarterly revenue on Wednesday, as the plant-based protein maker battled sizzling competition from deep-pocketed players looking to grab a slice of its market share, sending its shares down 22%. Waning consumer interest in plant based meat, rising competition from established players such as Tyson Foods Inc and Kellogg …
Beyond Meat results fail to sizzle as competition heats up, shares tumble Read More »
By Anirban Sen (Reuters) -DigitalBridge Group Inc has agreed to buy data center operator Switch Inc for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. Boca Raton, Florida-based DigitalBridge and Australian infrastructure investor IFM Investors are teaming up to take …
DigitalBridge buys data center company Switch for $11 billion Read More »
