By Ross Kerber and Niket Nishant (Reuters) -Top asset manager BlackRock said on Thursday that 67% of votes cast at its annual meeting were in support of its executive pay, a modest gain over last year, as CEO Larry Fink offered assurances about the state of the global economy and defended the company’s course on …
BlackRock wins 67% support for pay as CEO Fink assures on global economy Read More »
WASHINGTON (Reuters) – U.S. manufacturing production fell more than expected in April amid a sharp decline in motor vehicle output, and the sector could struggle to regain its footing in the second quarter because of tariffs. Factory output dropped 0.4% last month after an upwardly revised 0.4% gain in March, the Federal Reserve said on …
US manufacturing output falls in April on weak auto production Read More »
WASHINGTON (Reuters) -U.S. producer prices unexpectedly fell in April as the cost of services declined by the most since 2009, pulled down by ebbing demand for air travel and hotel accommodation. The producer price index for final demand dropped 0.5% last month after an upwardly revised unchanged reading in March, the Labor Department’s Bureau of …
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits was unchanged last week, but job opportunities are becoming more scarce for those out of work as economic uncertainty from tariffs discourages businesses from boosting hiring. Initial claims for state unemployment benefits held steady at a seasonally adjusted 229,000 for the week ended …
US weekly jobless claims unchanged amid stable labor market Read More »
By Michael S. Derby NEW YORK (Reuters) -Business activity continued to soften in the Federal Reserve Bank of New York’s district during May, according to its latest Empire State Manufacturing Survey, released Thursday. The general business conditions index stood at -9.2 in May from April’s -8.1, the third straight month of declining activity, the report …
NY Fed’s Empire State manufacturing index loses ground in May Read More »
(Reuters) -Hedra, an AI startup that helps businesses generate lifelike videos, said it has raised $32 million in a funding round led by Andreessen Horowitz’s Infrastructure fund to expand operations and deepen its reach among marketers. The Series A fundraise valued the company at $200 million, according to a source involved in the deal. The …
AI video generator startup Hedra raises $32 million in Andreessen Horowitz-led round Read More »
By Amanda Cooper (Reuters) – A look at the day ahead in U.S. and global markets by EMEA markets breaking news editor Amanda Cooper. It’s looking very much like another “risk-off” day for the markets today, where stocks, the dollar and commodities are down, while bond prices are ticking up and safe-haven currencies like the …
(Reuters) -UnitedHealth Group is under federal investigation for possible criminal fraud involving its Medicare program, the Wall Street Journal reported on Wednesday, the latest in a series of setbacks for the insurer. The company has grappled with several challenges over the past year, including a surge in medical costs, a cyber attack at its tech …
UnitedHealth’s string of setbacks, from exec murder to cyber attack Read More »
By Howard Schneider WASHINGTON (Reuters) -With mounting evidence that tight labor markets do not necessarily boost inflation and facing massive job losses in 2020, Federal Reserve Chair Jerome Powell oversaw a shift in U.S. central bank strategy that put more weight on the goal of full employment and pledged not to use a low jobless …
Powell’s lean to job market under microscope as Fed revisits strategy Read More »
DOHA (Reuters) -The U.S. needs to pay off debt before establishing a sovereign wealth fund, President Donald Trump said on Thursday, signalling a potential shift to plans to create a fund within a year. “I’d rather pay the debt off and then do the fund after the debt’s paid off,” Trump said in Doha during …
Trump says U.S. must pay off debt before creating a sovereign wealth fund Read More »
