GENEVA (AP) — The World Health Organization’s director-general on Monday warned that conditions remain ideal for more coronavirus variants to emerge and it’s dangerous to assume omicron is the last one or that “we are in the endgame.” But Tedros Adhanom Ghebreyesus said the acute phase of the pandemic could still end this year if…
WASHINGTON (AP) — With inflation punishing consumers and threatening the economy, the Federal Reserve this week will likely signal its intent to begin raising interest rates in March for the first time in three years. The Fed’s challenges will get only harder from there. Among the central bank officials, there is broad support for a…
NEW YORK (Reuters) – The U.S. Federal Reserve could resort to outright asset sales to reduce its balance sheet as part of plans to fight unabated inflation, a Credit Suisse analyst said in a report. The Fed’s balance sheet roughly doubled in size during the pandemic to nearly $9 trillion, as it snapped up bonds…
By Devik Jain and Bansari Mayur Kamdar (Reuters) – U.S. stock indexes dropped on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve. A correction is confirmed…
BOSTON (AP) — The internet watchdog Citizen Lab has been remarkably effective in calling to account governments and private sector firms that use information technology to put people in peril. Its digital sleuths at the University of Toronto’s Munk School of Global Affairs are best known for exposing abusive targeted espionage, particularly through the use…
(Reuters) – Ford Motor Co is cutting off customer orders for the Maverick, a hybrid affordable pickup that the automaker had rolled out in June last year, the Wall Street Journal reported https://www.wsj.com/articles/ford-shuts-off-orders-for-new-20-000-maverick-pickup-11643033093?mod=latest_headlines on Monday. Ford told its dealers in a memo that it is suspending customer orders for the Maverick pickup truck because it…
(Reuters) – Goldman Sachs Group Inc said it has appointed Luke Sarsfield as the global co-head of its $2.47 trillion asset-management business, according to a memo seen by Reuters on Monday. Sarsfield will take over the post alongside Julian Salisbury, who has been heading the unit alone ever since Eric Lane ended his association of…
By Arunima Kumar and Liz Hampton (Reuters) -Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices. U.S. oil prices rose more than 50% last year and have made…
(Reuters) -Activist investor Blackwells Capital on Monday called on the board of exercise equipment maker Peloton Interactive Inc to remove Chief Executive John Foley and start a sale process as the fortunes of the pandemic winner start to wane. Foley is “ill-suited to lead company and must be removed”, the investment firm founded by Jason…
TOKYO (Reuters) – Toyota Motor Corp will halt more production in Japan this month because COVID-19 infections among autoworkers had slowed supplies of parts, the company said on Monday. That disruption, which comes amid a shortage of semiconductors, will cut planned production this month by 65,000 vehicles, 18,000 more than it announced last week, a…
