NEW YORK (AP) — July’s jobs report was a stunner, in more ways than one. Despite raging inflation and anxiety about a possible recession, employers created 528,000 jobs last month, more than double market expectations. That’s the fastest pace of hiring since February. While the monthly jobs report is always highly anticipated, the July report…
By Rithika Krishna (Reuters) – Canopy Growth Corp posted another core loss on Friday, denting investor hopes that the cannabis producer would turn profitable anytime soon, sending its shares down 8%. The company’s quarterly gross margin was impacted by a decline in production, lower prices in the Canadian recreational business, a shift in business mix…
DETROIT (AP) — Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles. The National Highway Traffic Safety Administration sent investigation teams to two crashes last month in which Teslas collided with…
By Akash Sriram (Reuters) – Amazon.com Inc will acquire iRobot Corp, maker of robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its stable of smart home devices. Amazon will pay $61 per share, valuing iRobot at a premium of…
(Reuters) – Pfizer Inc is in advanced talks to buy drugmaker Global Blood Therapeutics for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. (Reporting by Amruta Khandekar; Editing by Aditya Soni)
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…
