By Lisa Baertlein LOS ANGELES (Reuters) -U.S. retailers have wrapped up imports of holiday goods at least a month early in a bid to limit costs tied to President Donald Trump’s evolving tariff policies, the top executive at the nation’s busiest seaport said on Wednesday. “Much of the year-end holiday cargo has already arrived and …
Holiday season imports have arrived early at busiest US port, executive says Read More »
(Reuters) – DoubleLine Capital CEO Jeffrey Gundlach said in an interview with CNBC on Wednesday that the Federal Reserve’s 25-basis-point rate cut was “the right move,” but warned that any aggressive easing could be inflationary. The Federal Reserve cut interest rates by a quarter of a percentage point earlier on Wednesday and indicated it will …
DoubleLine Capital CEO Gundlach says Fed’s 25 bps rate cut is ‘the right move’ Read More »
By Tatiana Bautzer NEW YORK (Reuters) – Morgan Stanley is combining two investment banking teams, Global Energy and Global Power and Utilities, into a new Global Power and Energy Group, according to an internal memo sent to the investment banking division on Wednesday, a copy of which was seen by Reuters. The group co-heads will …
By Ateev Bhandari, Pritam Biswas and Echo Wang (Reuters) – Shares of StubHub rose about 8% in their New York Stock Exchange debut on Wednesday, but closed the day below their issue price as investors welcomed the ticket reseller marketplace with caution. The New York-based company’s shares opened at $25.35 per share, compared with the …
Ticketing platform StubHub erases gains to close below issue price in choppy NYSE debut Read More »
By Jonathan Stempel (Reuters) – A group of Democratic senators called on Wells Fargo to end its alleged campaign against employee unions, saying a more constructive approach could address a toxic workplace culture and help the bank recover from scandals that prevented it from growing. In a Wednesday letter to Wells Fargo CEO Charlie Scharf, …
US senators demand Wells Fargo welcome employee unions Read More »
By Jonathan Stempel (Reuters) -A California judge has approved Walt Disney’s $233 million settlement with 51,478 Disneyland employees who said the entertainment company denied them a living wage. The class-action settlement won final approval on Tuesday by Judge William Claster of the Orange County Superior Court, who called the accord fair, reasonable, adequate and consistent …
Disney $233 million settlement with employees wins approval Read More »
By Shivani Tanna and Gursimran Mehar (Reuters) – Ben & Jerry’s co-founder Jerry Greenfield, part of the duo whose names shaped the popular U.S. ice cream brand over the last half-century, has quit his role as “brand ambassador” after a rift and public feud with parent Unilever over the conflict in Gaza. In an open …
Ben & Jerry’s co-founder exits after feud with Unilever over Gaza Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, further raised the odds on Wednesday that the Federal Reserve will deliver another interest rate cut at the October meeting, with an 86% probability. That was 71.6% before the Fed’s decision on …
US rate futures lift chances of further easing in October after Fed cuts rates Read More »
NEW YORK (Reuters) – The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing costs for the rest of this year, as policymakers responded to concerns about weakness in the job market in a move that won support from most of President Donald …
(Reuters) -Federal Reserve Chairman Jerome Powell said Wednesday the U.S. central bank is undergoing a notable reduction in the ranks of those who work for the institution. The Fed leader, speaking in a press conference, said the central bank is currently in the process of shedding 10% of its staff and “at the end of …
Fed’s Powell said central bank is cutting 10% of its staff Read More »
