(Reuters) -A labor group seeking to represent Amazon.com Inc workers in a small warehouse in New Jersey has withdrawn its petition for a unionization vote, a spokesperson for the U.S. National Labor Relations Board (NLRB) said on Tuesday. The move came a day after the NLRB said the group, Local 713 International Brotherhood of the…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday. That is about 60% of the $6.5 trillion market the U.S. largest crude producer estimates for oil and gas by…
By Dawn Chmielewski (Reuters) -Netflix Inc said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted more contraction ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic. Netflix’s 26% tumble after the…
SAO PAULO (Reuters) -Brazilian miner Vale SA first-quarter iron ore production fell 6.0% from the previous year, hit by heavy rainfall in January in Minas Gerais state which curbed its main production. The company’s iron ore output was 63.9 million tonnes in the period, down 22.5% from the final quarter of 2021. Production was lower…
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans said Tuesday that he’s “comfortable” with a round of rate hikes this year that includes two 50 basis-point increases and reaches a neutral setting by year end, but he does not see the need for bigger hikes. “We should be looking for clear…
NEW YORK (Reuters) -Asset management firm T. Rowe Price plans to close to new investors its Emerging Europe Fund starting from May 9, it said in a regulatory filing this week, after marking the fund’s Russian securities down to zero last month. The $30 million fund, which invests at least 80% of its assets in…
By David French (Reuters) – The three main Wall Street benchmarks had their best days in over a month on Tuesday, with the Nasdaq closing up 2.2%, as investors responded to positive earnings and dovish comments from two U.S. Federal Reserve officials on interest rate rises. Johnson & Johnson advanced 3.1% to a second record…
By Dawn Chmielewski (Reuters) -Global streaming giant Netflix Inc on Tuesday reported losing subscribers for the first time in more than a decade and predicted more contraction in the second quarter, a rare miss for a company that has been a reliable growth engine for investors. Netflix lost 200,000 subscribers in its first quarter, falling…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar surged on Tuesday to a 20-year high against the Japanese yen, underpinned by the divergence in monetary policy between a Federal Reserve determined to keep a lid on soaring inflation and a Bank of Japan that has kept interest rates ultra-low. The greenback hit 128.97 yen,…
DALLAS (AP) — A ruling by a federal judge has ended — at least for now — the requirement that people wear masks on planes and public transportation, and there is plenty of confusion about the new, post-mask world of travel. The Justice Department left the door open Tuesday to a possible appeal of the…
