WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 220,000 for the week ended March 8, the Labor Department said on Thursday. …
US weekly jobless claims fall amid labor market stability Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets From one crunch to another, markets are finding it hard to catch a break as we go from tit-for-tat trade wars one day to U.S. government shutdown fears the next. Today I’ll …
Morning Bid: Markets now eye government shutdown after trade row Read More »
By Marc Jones LONDON (Reuters) -Below are some of the sizable financial market moves prompted by the actions of U.S. President Donald Trump in recent weeks from his re-ignition of a global trade war to the signal that Europe can no longer take the support of U.S. military muscle for granted. 1/ $5 TRILLON WIPEOUT …
The big Trump-driven market slumps, bumps and jumps in charts Read More »
SHANGHAI/NEW YORK (Reuters) -Beijing officials met with Walmart this week to discuss media reports that the U.S. retailer has asked Chinese suppliers to slash prices on their goods to offset the impact of the Trump administration’s tariffs, according to social media posts affiliated with state-run broadcaster CCTV. The posts, published on Wednesday on the Yuyuantantian …
China’s commerce ministry meets with Walmart on supplier pricing, state media says Read More »
LA PAZ (Reuters) – Bolivia’s state energy firm YPFB will use cryptocurrency to pay for energy imports amid a painful shortage of dollars and fuel in the landlocked South American nation, a company spokesperson and a government official told Reuters on Wednesday. The country is battling a dangerous slide in foreign currency reserves afters years …
Bolivia turns to crypto for energy imports amid dollar, fuel shortages Read More »
(Reuters) -An activist investor is opposing the election of directors at an upcoming annual general meeting of Australian energy major Woodside Energy, citing poor returns and the company’s failures in managing climate risks. The Australasian Centre for Corporate Responsibility (ACCR) said on Thursday that Woodside continues to follow a high-cost, high-carbon and low-value strategy that …
Activist investor against Woodside directors’ election due to climate concerns Read More »
(Reuters) – JPMorgan Chase holds a 5.36% stake in Australia’s mining conglomerate Rio Tinto for the bank’s clients, an exchange filing to the local bourse showed on Thursday. Last week, the Anglo-Australian mining giant completed its $6.7 billion acquisition of the U.S.-based Arcadium Lithium, as it looks to diversify away from iron ore towards critical …
JPMorgan holds 5% stake in mining major Rio Tinto for clients Read More »
(Reuters) – Meta Platforms on Wednesday won an emergency arbitration ruling to temporarily stop promotion of the tell-all book “Careless People” by a former employee, according to a copy of the ruling published by the social media company. The book by Meta’s former director of global public policy, Sarah Wynn-Williams, was called by the New …
Meta wins halt to promotion of ‘Careless People’ tell-all book by former employee Read More »
By Jason Lange, James Oliphant and David Morgan WASHINGTON (Reuters) – A majority of Americans believe President Donald Trump is being too “erratic” in his moves to shake up the U.S. economy, as his imposition of tariffs against some of the nation’s top trading partners hammers stock markets, a new Reuters/Ipsos poll found. Some 57% …
Many Americans see Trump’s actions on economy as too erratic, Reuters/Ipsos poll finds Read More »
By Rajesh Kumar Singh (Reuters) -U.S. carrier Spirit Airlines, long known for its no-frills service, said on Wednesday it was pushing ahead with plans to rebrand itself as a premium airline as it emerged from bankruptcy protection after four months. The Florida-based airline – also known for its bright yellow livery – had filed for …
Spirit Airlines targets more affluent travelers after emerging from bankruptcy Read More »
