By Doyinsola Oladipo and Arriana McLymore (Reuters) – Yelp Inc, Amazon.com, and Citigroup are among a small but growing number of companies rolling out policies to cover costs for American employees who need to travel out of state for an abortion. Yelp Inc was one of the first to offer support for its employees who …
Yelp, other companies take stance on abortion rights with travel benefit Read More »
By Echo Wang (Reuters) – Wall Street’s main indexes extended losses on Friday as investors worried that the Federal Reserve will need to be more aggressive than expected in raising interest rates to combat inflation. The tech-heavy Nasdaq registered its lowest close since 2020, notching a fifth straight weekly loss, its longest losing streak since …
Wall Street ends down on fears inflation will force tougher Fed tightening Read More »
By David Shepardson WASHINGTON (Reuters) -Members of Congress will meet Thursday to open negotiations on a compromise measure that would fund $52 billion in semiconductor manufacturing subsidies and boost U.S. competitiveness with Chinese technology, a source told Reuters. The Senate passed its version of the bill in June 2021, while the House passed a similar …
U.S. lawmakers to open chips, China bill negotiations Read More »
By Bianca Flowers and Nathan Gomes (Reuters) -U.S. agricultural equipment maker AGCO Corp said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season. Georgia-based AGCO said in a statement it expects operations at some facilities to be …
AGCO ransomware attack disrupts tractor sales during U.S. planting season Read More »
By Ann Saphir and Lindsay Dunsmuir (Reuters) – Two ex-Federal Reserve officials, now freed from having to set economic policy and be accountable for it, are warning the U.S. central bank will have to raise interest rates more than expected and the outcome could well be a recession – cautions neither voiced before leaving their …
Former Fed policymakers call for sharp U.S. rate hikes, warn of recession Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth increased more than expected in April as manufacturers boosted hiring, underscoring the economy’s strong fundamentals despite a decline in output in the first quarter. Though the Labor Department’s closely watched employment report on Friday showed a moderation in wage gains last month, wage price pressures are …
Manufacturing drives strong U.S. hiring; wage growth cools Read More »
(This May 5 srory corrects to reflect change of company name from Smith Travel Research Inc to STR in paragraph 6) By Doyinsola Oladipo (Reuters) – With more U.S. travelers expected to take to the skies and the roads this summer as COVID restrictions ease, unbridled demand will strain capacity in the leisure and travel …
U.S. summer travelers can expect long lines, higher prices as COVID restrictions ease Read More »
(Reuters) – U.S. natural gas prices are surging, with the benchmark futures contract rising to a 13-year high of $8.74 per million British thermal units, at a time when that fuel’s price tends to dip due to lack of demand in the spring. But analysts say a number of factors have combined to boost the …
Explainer: Why are U.S. natural gas prices soaring? Read More »
By Christoph Steitz and Ben Klayman (Reuters) – CATL, the world’s largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries, an investment that would mark the Chinese company’s first production in the world’s second-largest car market, two people with knowledge of the plans told …
Exclusive: CATL planning EV battery production in United States, vetting sites – sources Read More »
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -President Joe Biden met on Thursday with a labor leader organizing Amazon.com Inc workers and with other worker organizers hours after U.S. Senate Budget Committee Chairman Bernie Sanders slammed the online retailer at a hearing on the company’s labor practices. Christian Smalls, who heads the Amazon Labor …
Biden meets with labor organizer at Amazon after Senate hearing Read More »
