By Arathy Somasekhar (Reuters) – Oil prices fell on Tuesday after notching their highest gains in more than a month in the previous session, as global inflation worries overshadowed the prospect of possible OPEC+ output cuts. Brent crude futures fell 39 cents, or 0.3%, to $104.70 a barrel by 0012 GMT after climbing 4.1% on…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Another dam has burst, with the two-year rise to a 15-year high just shy of 3.50% flooding global markets with extra uncertainty and fear. Wall Street managed to claw back some of its earlier losses on Monday but still closed in…
(Reuters) -Lucid Group Inc on Monday filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production. The company, which has a market capitalization of about $27 billion, halved its production forecast for electric vehicles…
WASHINGTON (AP) — Federal regulators have sued a data broker they accuse of selling sensitive geolocation data from millions of mobile devices, information that can be used to identify people and track their movements to and from sensitive locations, including reproductive health clinics, homeless shelters and places of worship. The Federal Trade Commission on Monday…
DETROIT (AP) — The National Labor Relations Board has reversed a Trump-era decision by finding that Tesla can’t stop factory employees from wearing clothing with union insignia while on the job. The board, in a 3-2 decision released Monday, overruled a 2019 NLRB decision involving Walmart and union clothing. The board wrote that a 1945…
OTTAWA (Reuters) – The Canadian government said on Monday it challenged U.S. softwood lumber duties under the United States-Mexico-Canada Agreement (USMCA), calling the duties “unwarranted” and “unfair.” “Today, Canada filed notice that it will challenge, under Chapter 10 of the Canada-United States-Mexico Agreement (CUSMA), the final results of the U.S. Department of Commerce’s third administrative…
By Foo Yun Chee BRUSSELS (Reuters) – Amended licensing deals and other changes making it easier for cloud service providers to compete will take effect on Oct. 1, Microsoft Corp said on Monday, a move triggered by complaints about the U.S. software company to EU antitrust regulators. Microsoft President Brad Smith had announced the changes…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Traders in the U.S. equity options market appear to be betting that stocks, which turned volatile last week following the Federal Reserve’s warning on continued policy tightening, will remain choppy over at least the next couple of months. The volatility index, or VIX, was 0.33 points higher at…
OMAHA, Neb. (AP) — Three of the 12 unions negotiating with the nation’s biggest freight railroads have reached a tentative deal which will deliver 24% pay raises, in line with what a special presidential panel of arbitrators recommended earlier this month to resolve the stalemate before a strike could happen. The tentative five-year deal announced…
By Balazs Koranyi and Howard Schneider JACKSON HOLE, Wyo. (Reuters) -The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. That price is still worth paying, however….
