(Reuters) – U.S. stock index futures tracking the Nasdaq index turned positive on Thursday, after data showed an increase in weekly jobless claims, in a sign that could suggest the Federal Reserve may need to ease its aggressive monetary tightening cycle. The benchmark 10-year Treasury yield moved lower following the report, supporting rate-sensitive growth stocks…
(Reuters) – Peloton Interactive is planning to cut about 12% of its remaining workforce, in its fourth round of layoffs this year, the Wall Street Journal reported on Thursday, citing a company statement. The 500 job cuts were announced to staff on Thursday, the newspaper reported, adding the reductions will leave Peloton with roughly 3,800…
(Reuters) -Starting the day with a cup of coffee has become more expensive, the European Union’s statistics office said on Thursday, highlighting a jump in the price of the staple along with those of sugar and milk. “Recent price rises might make this morning staple almost a luxury,” Eurostat said, reporting that coffee prices had…
PARIS (AP) — Under the watchword “Every gesture counts,” the French government launched an energy-saving drive Thursday to get the country through the winter without natural gas from Russia and closer to the European Union targets of reaching climate neutrality by 2050. The French push for “energy sobriety,” months in the planning, dovetails with gas-…
KYIV, Ukraine (AP) — Russia launched two missile attacks that hit apartment blocks in the southern Ukrainian city of Zaporizhzhia on Thursday, killing one person and trapping at least five in the city close to Europe’s biggest nuclear power plant, the governor of the mostly Russian-occupied region said. The missile strikes, the first before dawn…
PRAGUE (AP) — The leaders of 44 European countries stretching from Iceland all the way to Turkey met Thursday in what many said was a united stand against Russia’s war on Ukraine, as an energy crisis and high inflation fueled by the conflict wreak havoc on their economies. The inaugural summit of the European Political…
TOKYO (Reuters) – Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of October from its earlier plans, as the company battles with persistent supply chain and logistical problems. Two lines at Honda’s Suzuka plant in western Japan will cut production by…
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for Elon Musk’s proposed $44 billion buyout of Twitter Inc, are no longer in talks with the billionaire entrepreneur, said two sources familiar with the matter. Apollo had been in talks to provide…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis. President Ranil Wickremesinghe told Parliament on Thursday that initial talks will continue after China’s Communist Party congress,…
By Satoshi Sugiyama TOKYO (Reuters) -Toyota Motor Corp said it would restart production of its first electric vehicle, the bZ4X, on Thursday after fixing potential safety problems that had halted sales of the new battery-powered model for more than three months. Japan’s largest automaker, a laggard in the EV market, recalled 2,700 bZ4Xs globally in…
