(Reuters) -Starbucks CEO Brian Niccol said the coffee giant will require many of its employees to work out of office for a minimum four days a week, from the current three, as part of a new policy expected to kick in later this year. The policy would include common days of work from Monday to …
Starbucks to shift to four-day work from office from three, says CEO Read More »
By Lisa Baertlein LOS ANGELES (Reuters) -Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June as retailers moved to stock up on goods for the holiday shopping season amid fears of higher tariffs. The Port of Los Angeles handled 470,450 20-foot equivalent units (TEUs) of incoming cargo last month after the …
Los Angeles seaport June imports rebound as tariff worries loom over US holiday season Read More »
(Reuters) -Goldman Sachs raised its oil price forecasts for the second half of 2025 on Monday, citing the risk of supply disruption, lower oil inventories in Organisation for Economic Co-operation and Development countries and Russia’s production constraints. The bank expects Brent crude to average $66 a barrel in the second half of 2025, up $5 …
Goldman Sachs raises Brent oil forecast for second half of 2025 to $66 Read More »
By Jonathan Stempel NEW YORK (Reuters) -Morgan Stanley, Goldman Sachs and Wells Fargo will pay a total of $120 million to settle a lawsuit claiming they hid conflicts of interest while sales of ViacomCBS shares helped fuel the collapse of Bill Hwang’s Archegos Capital Management. A proposed final settlement with former shareholders of ViacomCBS, now …
Morgan Stanley, Goldman, Wells Fargo reach settlement tied to Archegos collapse Read More »
(Reuters) -The Trump administration’s tariffs are likely to boost U.S. manufacturing jobs and real income in a majority of states, but lower employment and income adjusted for inflation in the country as a whole, new research from the San Francisco Federal Reserve showed on Monday. Assuming a 25% increase in U.S. tariffs on imports from …
Trump tariffs would lift US factory jobs, cut overall income, San Francisco Fed says Read More »
By Ateev Bhandari and Pritam Biswas (Reuters) -U.S. publisher McGraw Hill is targeting a valuation of $4.2 billion in its IPO, the company said on Monday, joining other private equity-backed firms looking to take advantage of improved investor sentiment. After a tariffs-driven freeze, activity in the U.S. IPO market has ramped with overwhelming investor interest …
Publisher McGraw Hill targets $4.2 billion valuation in US IPO Read More »
By Hannah Lang (Reuters) -The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance. The House of Representatives is set to pass a series of crypto-related bills in a …
Crypto bills set to advance this week take industry closer to mainstream Read More »
By Patturaja Murugaboopathy (Reuters) -As bitcoin hit a record high on Monday, evidence from institutional flows and derivatives suggested its rally might be more stable and lasting than previous speculative runs. Bitcoin crossed $120,000 for the first time on optimism over upcoming U.S. House discussions on digital asset regulation, extending its gains this year to …
Bitcoin rally driven more by institutional demand than speculation Read More »
By Nora Eckert DETROIT (Reuters) -General Motors is planning to produce lower-cost battery cells at its joint-venture plant with South Korea’s LG Energy Solution in Tennessee. The Detroit automaker is rolling out production of lithium-iron-phosphate (LFP) batteries, a technology that is gaining popularity at other automakers in the U.S. including at cross-town rival Ford Motor. …
GM to produce lower-cost battery cells at Tennessee plant Read More »
(Corrects para 3 to remove mention of Meta, which exited the coalition last year) By Simon Jessop and Virginia Furness LONDON (Reuters) -A coalition backed by Google, Stripe and Shopify will spend $1.7 million to buy carbon removal credits from three early stage firms on behalf of the tech giants to help scale up the …
Google-backed coalition to help scale ocean, rock carbon removals Read More »
