NEW YORK (AP) — Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns from anti-monopoly and privacy advocates about Amazon’s market power and ability to gain deeper insights into consumers’…
By Caroline Valetkevitch NEW YORK (Reuters) -The dollar rallied across the board on Friday after a stronger-than-expected U.S. July payrolls report suggested the Federal Reserve may need to continue raising interest rates for the near term. The U.S. dollar index, which measures the greenback against a basket of currencies, sharply extended gains following the report,…
By Valentina Za MILAN (Reuters) -State-owned Italian bank Monte dei Paschi di Siena (MPS) said four more banks had agreed to back its upcoming 2.5 billion euro ($2.6 billion) cash call, as it moves to fend off a fresh legal challenge. The Tuscan bank needs more cash five years after an 8 billion euro bailout…
OTTAWA (Reuters) – Canada’s economy unexpectedly lost a net 30,600 jobs in July as the public sector contracted, while the unemployment rate stayed at a record low 4.9%, Statistics Canada data indicated on Friday. Analysts polled by Reuters had expected an increase of 20,000 positions and for the jobless rate to edge up to 5.0%….
ISTANBUL (AP) — Three more ships carrying thousands of tons of corn left Ukrainian ports Friday and traveled mined waters toward inspection of their delayed cargo, a sign that an international deal to export grain held up since Russia invaded Ukraine was slowly progressing. But major hurdles lie ahead to get food to the countries…
WASHINGTON (AP) — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. Unemployment dropped another notch, from 3.6% to 3.5%, matching the more than 50-year low reached just before…
BERLIN (Reuters) – Germany wants European Union rules on member states’ debt to be enforced more rigorously, government sources said on Friday, setting out reforms sought by Berlin. The rules must be more clearly defined instead of setting unattainable goals that are open to interpretation, a government source said in Berlin. The goal is to…
(Reuters) – U.S. stock index futures were steady on Friday ahead of data expected to show the pace of job growth slowed in July, but stayed strong enough to keep the Federal Reserve on its policy tightening path. The Labor Department’s employment report, due at 08:30 a.m. ET, is likely to show nonfarm payrolls rose…
BANGKOK (AP) — Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic. A report on Pacific Rim economies by the Asia Pacific Economic Cooperation forum said Friday that growth in the region will likely fall…
WASHINGTON (AP) — The government on Thursday updated its estimate of the U.S. economy’s performance in the April-June quarter and confirmed what it had reported last month: That the economy shrank for two straight quarters. Six months of contraction is a long-held informal definition of a recession. Yet nothing is simple in the post-pandemic economy….
