TORONTO (Reuters) -Canadian retailer Alimentation Couche-Tard will be required to divest 35 gas stations in order to move forward with its proposed $1.57 billion acquisition of 270 retail fuel outlets from grocery store chain Giant Eagle, the Federal Trade Commission said on Thursday. The proposed consent order would settle FTC charges that the deal was …
(Reuters) -Jif peanut butter maker J.M. Smucker said on Thursday it would remove synthetic food colors from all consumer food products by the end of 2027. The company said this move would impact its sugar-free fruit spreads, ice cream toppings as well as some sweet baked goods from its Hostess brand portfolio. J.M. Smucker said …
J.M. Smucker to remove artificial food dyes by end-2027 Read More »
By Ann Saphir and Howard Schneider (Reuters) -President Donald Trump says that tame inflation means the Federal Reserve should already be reducing its policy rate, but inside the U.S. central bank the idea has little traction, with only two Fed policymakers to date embracing the possibility of a rate cut at the central bank’s next …
Fed rate cut in July? Inside the US central bank, few takers Read More »
By Siddharth Cavale NEW YORK (Reuters) -Walmart said on Thursday it is closing a fulfillment center that services online orders for its warehouse club chain Sam’s Club in Fort Worth, Texas, and sources familiar with the matter said the move could result in job losses. Walmart confirmed the closure to Reuters but said it could …
By Howard Schneider and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Donald Trump has not decided on a replacement for Federal Reserve Chair Jerome Powell and a decision isn’t imminent, a person familiar with the White House’s deliberations said on Thursday, as one central bank policymaker said any move to name a “shadow” chair would be …
(Reuters) -Boston Federal Reserve Bank President Susan Collins on Thursday signaled she feels July would be too soon to considering cutting interest rates. “We’re only going to have really one more month of data before the July meeting,” Collins told Bloomberg News. “I expect to want to see more information than that.” Collins also said …
Fed’s Collins: not enough data by July to decide on a rate cut Read More »
(Reuters) -Federal Reserve Governor Michael Barr on Thursday said the U.S. central bank needs to ensure that banks are measuring and managing climate-related risk as they do other risks. “I think climate risk is a real risk for us as a society and is likely to be a risk for the financial system unless we …
SAN FRANCISCO (Reuters) -Amazon’s AWS recently lost a key vice president helping oversee generative artificial intelligence development as well as the company’s Bedrock service, as the competition for talent heats up. Vasi Philomin told Reuters in an email that he left Amazon for another company, without providing specifics. A company spokesperson confirmed that Philomin had …
Amazon loses an AWS generative AI boss as tech talent shuffle heats up Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming scarce as businesses remain hesitant to hire because of an uncertain economic outlook, raising the risk of the unemployment rate increasing in June. The weekly jobless claims report from the Labor Department …
US labor market softening as more people remain on unemployment rolls Read More »
WASHINGTON (Reuters) -The Trump administration has no imminent plans for refilling the nation’s Strategic Petroleum Reserve, White House spokeswoman Karoline Leavitt said on Thursday. The emergency oil reserve is currently at its lowest levels since the 1980s after President Joe Biden tapped the stockpile to help lower prices amid market uncertainty. (Reporting By Nandita Bose …
Trump administration has ‘no imminent plans’ to refill nation’s emergency oil reserve Read More »
