By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) -Citadel’s founder and CEO Ken Griffin said on Thursday it is “unfathomable” that a financial instrument to protect against an eventual U.S. default is being priced at levels close to some European countries. “I never thought in my life I would see the U.S. priced higher …
Citadel CEO worried by rising cost of US default insurance Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labor market conditions amid mounting economic headwinds from tariffs. The report from the Labor Department on Thursday also continued to show workers losing their jobs having a tough time landing …
Weekly jobless claims hit seven-month high; imports post record decline Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Union could approve its planned trade deal with South American bloc Mercosur before summer, but it has not yet fixed a date to do so, EU agriculture commissioner Christophe Hansen told Reuters on Thursday. “It could be before summer,” Hansen said in an interview. EU nations still need …
EU could approve Mercosur deal by summer, agriculture chief says Read More »
By Anuja Bharat Mistry (Reuters) -Kimberly-Clark on Thursday struck a deal with Brazilian pulp maker Suzano to sell a majority stake in its international tissue business, valuing the business at about $3.4 billion, the Kleenex tissue maker said. The deal, structured as a strategic partnership, will form a new joint venture in which Kimberly-Clark would …
Kimberly-Clark sells majority stake in international tissue unit to Brazil’s Suzano Read More »
By Jonathan Stempel NEW YORK (Reuters) -DoorDash, Grubhub and Uber Eats have settled lawsuits against New York City over laws that boosted minimum wages for delivery workers and capped how much the companies could charge restaurants for delivering meals. The settlement filed on Wednesday in federal and state courts in Manhattan would let the companies …
DoorDash, Grubhub, Uber Eats settle with New York City over minimum wages, fee caps Read More »
(Reuters) -Vermilion Energy will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay debt and completing its exit from the U.S. market. The transaction, expected to close in the third quarter, will allow Vermilion Energy to focus on core gas-weighted assets in …
Vermilion Energy exits US with nearly $88 million asset sale Read More »
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs has moderated its risk-taking since U.S. President Donald Trump’s April tariff announcement, and the Wall Street bank is braced for more uncertainty, a top executive said. “We have moderated our risk positioning since April 2nd – I think that’s a sensible thing for us to do,” Goldman …
Goldman Sachs pares risk after tariff move, braces for more uncertainty Read More »
By Shashwat Chauhan (Reuters) -As President Donald Trump’s sweeping tax-cut and spending bill heads to the Senate, analysts examine how his broad-ranging policies could turn the fortunes of U.S. companies if the package is enacted as law. What Trump has dubbed a “big, beautiful bill”, narrowly passed the Republican-controlled House on May 22. The bill …
Wall Street’s potential winners and losers from Trump’s tax bill Read More »
WASHINGTON (Reuters) -U.S. worker productivity dropped at a faster pace than initially thought in the first quarter, driving labor costs sharply higher at a time when businesses are already facing rising costs from tariffs on imported goods. Nonfarm productivity, which measures hourly output per worker, decreased at a 1.5% annualized rate last quarter, the Labor …
(Reuters) -Walmart-owned Sam’s Club said on Thursday it would eliminate over 40 ingredients, including artificial colors and aspartame, from private label brand Member’s Mark by the end of this year. Under the initiative, called ‘Made Without’, Sam’s Club is altering its food products and beverages to offer items that are in tandem with the evolving …
Walmart’s Sam’s Club to remove synthetic dyes from private brand by year end Read More »
