By Julie Ingwersen and Karl Plume CHICAGO (Reuters) -In a head-to-head contest in a small corner of agricultural futures markets, a legacy spring wheat contract that has traded for more than 140 years is fending off a challenge from a competing contract launched this spring by CME Group, the world’s largest futures exchange. Spring wheat, …
By Ann Saphir JACKSON HOLE, Wyoming (Reuters) -The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her, Bloomberg News reported on Thursday. A letter to Powell from Ed Martin, a Justice Department official who …
US DOJ to probe Fed’s Cook, urging removal, Bloomberg News reports Read More »
(Reuters) -Zoom Communications raised its annual revenue and profit forecasts on Thursday, banking on hybrid work trends and the integration of artificial intelligence technology into its products, sending its shares up 4.5% in extended trading. The integration of AI across its product line and the broadening of its service portfolio have helped Zoom sustain growth …
Zoom Communications lifts annual forecasts on robust demand for AI tools Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices rose by nearly a dollar a barrel on Thursday as Russia and Ukraine blamed each other for a stalled peace process, and as earlier U.S. data showed signs of strong demand in the top oil consuming nation. Brent crude futures rose 83 cents, or 1.2%, to settle …
Oil rises 1% on stalled Russia-Ukraine peace talks, strong US demand Read More »
By Fergal Smith (Reuters) -Canada’s main stock index rose on Thursday to another record high as resource shares notched gains and investors awaited a key speech by Federal Reserve Chair Jerome Powell. The S&P/TSX composite index ended up 176.67 points, or 0.6%, at 28,055.43, eclipsing the record closing high it posted on August 13. “The …
TSX closes above 28,000 for the first time as resource shares climb Read More »
By Sarah Morland PANAMA CITY (Reuters) -Panama’s President Jose Raul Mulino on Thursday blasted reports of a possible lawsuit against banana giant Chiquita, which fired all its local day workers due to a strike, as he prepares to negotiate the firm’s return to the country next week. Mulino said in a press conference he would …
Panama’s Mulino to push for Chiquita’s return after mass layoffs, blasts lawsuit threats Read More »
By Dan Burns (Reuters) -The number of Americans filing new applications for jobless benefits rose by the most in about three months last week and the number of people collecting unemployment relief in the prior week climbed to the highest level in nearly four years, signaling recent labor market softness continued into August. The data …
Rise in US jobless claims adds to signs of labor market softness Read More »
(Reuters) -Comcast-owned NBCUniversal is in advanced talks with Major League Baseball to carry games on NBC and the Peacock streaming service in a three-year deal approaching $200 million annually, the Wall Street Journal reported on Thursday. Netflix is also close to a deal with MLB to stream the ‘Home Run Derby’ for more than $35 …
NBCUniversal, MLB nearing three-year deal approaching $600 million, WSJ reports Read More »
OTTAWA (Reuters) -Canadian Prime Minister Mark Carney spoke with U.S. President Donald Trump on Thursday and had “a productive and wide-ranging conversation” on trade challenges and other issues, Carney’s office said in a statement. The phone call, which comes at a time when Canada and the United States are locked in a trade war, was …
Canada’s Carney spoke to Trump and discussed trade, Ottawa says Read More »
By Ernest Scheyder and Jarrett Renshaw (Reuters) -The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick’s influence over the strategic sector, two sources familiar with the matter told Reuters. The proposed move would take from funds …
