By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in the technology sector, but that likely does not suggest a material shift in labor market conditions, which remain tight. Economists urged against reading too much into the rise…
WASHINGTON (AP) — Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon’’— just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time. The central bank’s policymakers saw “very few signs that inflation pressures were abating.” Still, a “substantial…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in the technology sector, but that likely does not suggest a material shift in labor market conditions, which remain tight. Economists urged against reading too much into the rise…
LOS ANGELES (AP) — Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in over a decade. A recent snapshot by the…
By Diane Bartz WASHINGTON (Reuters) – Top Senate Republican Chuck Grassley urged Elon Musk, who recently acquired Twitter, to conduct a threat assessment at the social company to better protect U.S. user data, following up on concerns raised by a whistleblower. Hacker Peiter “Mudge” Zatko, a whistleblower who served as Twitter’s head of security until…
ABUJA, Nigeria (AP) — Nigeria on Wednesday launched newly designed currency notes, a move that the West African nation’s central bank says will help curb inflation and money laundering. The newly designed denominations of 200 (45 U.S. cents), 500 ($1.10) and 1,000 naira ($2.20) also would drive financial inclusion and economic growth, said Godwin Emefiele,…
By Hannah Lang (Reuters) – The U.S. Federal Reserve and Federal Deposit Insurance Corp. identified a shortcoming in Citigroup Inc’s so-called “living will” that details how the firm would be unwound in the event of bankruptcy. The banking regulators said that issues regarding Citi’s data governance program could adversely affect its ability to produce timely…
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Uniper, the largest corporate casualty of Europe’s energy crisis so far, said Berlin would need to pump as much as 25 billion euros ($25.8 billion) of additional equity into the struggling gas importer to cover losses incurred after Russia cut supplies. The amended bailout deal reflects the…
(Reuters) -Independent Franchise Partners, a major investor in News Corp and Fox Corp, opposes media mogul Rupert Murdoch’s plan to recombine the companies, the Wall Street Journal reported on Wednesday. The London-based investment firm told a special committee of News Corp’s board last month that it thinks a combination on its own would fail to…
By Makiko Yamazaki TOKYO (Reuters) -Japan’s Mitsubishi UFJ Financial Group Inc plans to buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit Group BV for about 600 million euros ($619 million), a person familiar with the matter said on Wednesday. The deal comes as Japan’s largest lender aims to beef up…
