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UAW set to expand strike at Ford, GM – UAW president
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The United Auto Workers will walk off the job at an additional plant at General Motors and at Ford, UAW president Shawn Fain said on Friday.
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Underlying US inflation pressures subside in August
Underlying U.S. inflation pressures moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first tim...
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California minimum wage for fast food workers raised to $20 an hour
Fast-food workers in California will earn a minimum of $20 an hour and have a greater say in setting workplace standards under a new bill signed into ...
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US dollar flat, but on track for eight straight weeks of gains; yuan sinks
By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar was little changed on Friday, consolidating gains amassed during t...
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Chinese consumers cheer Apple’s iPhone 15, others prefer Huawei
By Yelin Mo and Brenda Goh BEIJING (Reuters) – Apple’s iPhone 15 drew mixed reactions in its third largest market of China…
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Analysis-Peru clings to copper No. 2 spot but investment pipeline stalls
By Marco Aquino LIMA (Reuters) – Peru is clinging to its spot as the world’s No. 2 copper producer and supplier, with…
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Dollarama raises annual sales forecast as demand for essentials thrives
(Reuters) -Dollarama raised annual sales forecast on Wednesday after topping quarterly sales estimates, as Canadians lapped up the discount retailer’s...
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China says it has not banned purchase, use of foreign phone brands
BEIJING (Reuters) – China has not issued a ban on the purchase and use of foreign phone brands, the Chinese foreign ministry…
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Tesla plans to nearly double India component sourcing to $1.9 billion – minister
NEW DELHI (Reuters) -Tesla Inc plans to source components worth $1.7-$1.9 billion from India this year, the commerce minister said on Wednesday,…
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Sigma Lithium to explore alternatives after proposals for miner, Brazil unit
(Reuters) – Miner Sigma Lithium said on Wednesday it is evaluating strategic alternatives for the whole company, including its Brazilian unit, sending...
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Argentine shoppers face daily race for deals as inflation soars above 100%
By Miguel Lo Bianco and Claudia Martini BUENOS AIRES (Reuters) – Argentines, up against painful annual inflation at 113% and rising, are…
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EU to investigate ‘flood’ of Chinese electric cars, assessing tariffs
By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to pr...
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White House opposes bill to strip California of vehicle emissions authority
By David Shepardson WASHINGTON (Reuters) -The White House on Tuesday said it strongly opposes a Republican bill set to be voted on…
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Asia apparel hubs face $65 billion export hit from extreme weather, study shows
By Tommy Wilkes LONDON (Reuters) – Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries…
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TSMC prizes Japan’s chips skills after US stumbles -sources
By Sam Nussey, Fanny Potkin and Sarah Wu TOKYO/SINGAPORE/TAIPEI (Reuters) – Taiwan’s TSMC, which is making an unprecedented push into chip manufacturi...
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Wall Street ends lower as Oracle tumbles on weak forecast
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street stocks ended lower on Tuesday as Oracle shares tumbled more than 13%…
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Wall Street bosses see deal drought easing as IPOs spur optimism
By Tatiana Bautzer NEW YORK (Reuters) -Wall Street investment bankers are optimistic that dealmaking will pick up as new initial public offerings…
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US banks say regulators broke law as fight over proposed capital rules escalates
By Pete Schroeder WASHINGTON (Reuters) – U.S. bank groups on Tuesday accused the Federal Reserve and other regulators of violating federal laws…
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Exclusive-EU antitrust regulators seeking views on Microsoft’s remedies to UK watchdog
BRUSSELS (Reuters) – EU antitrust regulators are asking Microsoft’s rivals and customers whether they are affected by the U.S. tech giant’s remedies…
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Traffic at Spain’s Aena airports outperforms European peers
(Reuters) – Passenger traffic at Spain’s Aena airports exceeded pre-pandemic levels for an eighth consecutive month in August, while traffic in other…...
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Oracle tumbles as strong cloud competition, Cerner weakness dent forecast
(Reuters) – Oracle sank 9% on Tuesday, after a weak forecast suggested strong competition in the cloud-computing industry and a digital spending…
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Flexport unveils e-commerce tools as returned CEO aims to regain profitability
By Lisa Baertlein LOS ANGELES (Reuters) – Logistics startup Flexport on Tuesday unveiled services to make it easier for small businesses to…
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Factbox-Few suppliers of synthetic graphite for EV batteries
(Reuters) – Although synthetic graphite has been around for more than 100 years, few companies are supplying the material to makers of…
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UAW says some progress in labor talks but wide divide remains
By David Shepardson (Reuters) -The United Auto Workers union has made some headway in labor talks with the Detroit Three automakers just…
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Instacart’s flat shopping orders could hurt ad growth – analysts
By Arriana McLymore NEW YORK (Reuters) – As Instacart touts its hefty advertising revenue in its hotly anticipated IPO offering, purchases on…
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UPS estimates new contract with Teamsters to increase costs 3.3%
(Reuters) -Parcel Service said on Monday its new five-year contract covering some 340,000 Teamsters-represented workers in the United States would inc...
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Goldman Sachs discloses short position in Philips after Dutch regulator review
AMSTERDAM (Reuters) – The Dutch financial markets watchdog on Monday said its public filings had been updated to reflect that Goldman Sachs…
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Bank of America says Q3 investment banking fees down 30%-35% for sector
NEW YORK (Reuters) -Investment banking fees are down 30% to 35% in the third quarter from a year earlier for the sector,…
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GE to sell stake in aircraft leasing provider AerCap
(Reuters) – AerCap Holdings NV said on Monday a unit of General Electric Co will sell 32.4 million shares in the aircraft…
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Three Chinese cities lift house-buying curbs
BEIJING (Reuters) – At least three major Chinese cities last week removed restrictions on home buying, as the Asian giant gradually rolls…
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Chevron pulls contract crew from Australia LNG project as strikes begin – unions
(Reuters) – Chevron Corp started withdrawing contractor workers from its Gorgon liquefied natural gas (LNG) facility on Saturday, shortly after staff ...
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Charter-Disney cable TV dispute leaves some NFL, U.S. Open fans in the dark
By Dawn Chmielewski (Reuters) – Football fans will be the next biggest losers if an epic battle between Walt Disney and Charter…
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Exclusive-Top US chipmakers, tech firms to attend Vietnam meeting as Biden visits
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Top U.S. semiconductors and digital companies including Intel, GlobalFoundries and Google a...
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UAW union embraces social media as labor talks toughen ahead of deadline
By Bianca Flowers (Reuters) – The United Auto Workers union is leveraging the power of social media to attract public support in…
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China’s deflation pressures ease, more steps expected to spur demand
By Kevin Yao and Joe Cash BEIJING (Reuters) – China’s consumer prices returned to positive territory in August while factory-gate price declines…
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BOJ head Ueda signals chance of ending negative rates – Yomiuri
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank could end its negative interest rate policy…
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S&P 500 closes up slightly ahead of US inflation data
By Sinéad Carew, Shristi Achar A and Amruta Khandekar (Reuters) – The S&P 500 closed slightly higher on Friday but well below…
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Investor hopes for US soft landing ride on inflation data
By David Randall NEW YORK (Reuters) – U.S. stock investors are turning their focus to next week’s inflation data, which could determine…
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Goodyear Tire to cut around 1,200 jobs in restructuring drive
(Reuters) – Goodyear Tire & Rubber has approved a rationalization and workforce reorganization plan in Europe, the Middle East and Africa that…
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US NTSB cites inadequate inspections in 2021 United Airlines engine failure
By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board said on Friday the February 2021 engine failure on a United…
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Netflix reappoints former ambassador Susan Rice to board
LOS ANGELES (Reuters) – Netflix Inc has reappointed former White House official and U.N. ambassador Susan Rice to its board of directors,…
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Stellantis to build more gigafactories on top of those already planned
MILAN (Reuters) – Carmaker Stellantis will build more battery-making plants on top of the six ones it has already in its plans…
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Japan cuts Q2 GDP on weak spending, wages slide
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) -Japan’s economy grew less than initially estimated in the second quarter and wages slumped…
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Analysis-Potential US government shutdown could dent investor confidence
By David Randall NEW YORK (Reuters) – A potential U.S. government shutdown at the end of September could add to worries about…
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Marketmind: Markets find feet after Apple topples
A look at the day ahead in U.S. and global markets from Mike Dolan Some soothing words from Federal Reserve officials calmed…
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China car sales return to growth in Aug, Tesla nearly doubles EV share
By Qiaoyi Li and Brenda Goh BEIJING/SHANGHAI (Reuters) -China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts...
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Explainer-Chevron Australia LNG workers start strike. What happens now?
By Emily Chow and Lewis Jackson SINGAPORE/SYDNEY (Reuters) – Workers at Chevron’s liquefied natural gas (LNG) projects in Australia, which produce 5.1...
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Argentina peso at risk of another devaluation after election: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Argentina’s troubled peso currency is at risk of suffering another devaluation after October’s presidential ...
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Indonesia proposes critical minerals trade deal with US
JAKARTA (Reuters) – Indonesia has asked the United States to begin talks on a trade deal for critical minerals so that exports…
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Fisker expects to ramp up vehicle production in fourth quarter
(Reuters) – Electric vehicle startup Fisker said on Thursday it expects to increase the production of its all-electric SUV Fisker Ocean in…
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Goldman, Morgan Stanley to shine amid struggle for large-cap banks – HSBC
By Aniruddha Ghosh (Reuters) – Goldman Sachs and Morgan Stanley are poised for stronger results next year compared to other large-cap U.S.…
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China moves to widen state employee iPhone curbs -sources
By Julie Zhu and Kevin Yao HONG KONG/BEIJING (Reuters) – China has in recent weeks widened existing curbs on the use of…
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