By David Shepardson and Nandita Bose WASHINGTON (Reuters) -President Joe Biden met on Thursday with a labor leader organizing Amazon.com Inc workers and with other worker organizers hours after U.S. Senate Budget Committee Chairman Bernie Sanders slammed the online retailer at a hearing on the company’s labor practices. Christian Smalls, who heads the Amazon Labor…
WASHINGTON (Reuters) – Amazon.com Inc union organizer Christian Smalls met with President Joe Biden during his visit to the White House on Thursday, a White House official said. Smalls was also expected to meet with Vice President Kamala Harris and Labor Secretary Marty Walsh during his visit, the official said. (Reporting by Nandita Bose in…
WASHINGTON (AP) — Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009. The increases came in the week preceding the widely anticipated action by the Federal Reserve, announced Wednesday, to intensify its fight against the worst inflation in 40 years by raising its…
By Karen Brettell NEW YORK (Reuters) – The dollar hit a 20-year high against a basket of currencies on Thursday as a sharp stocks selloff boosted demand for the safe-haven currency and as the Federal Reserve was seen as tightening monetary policy more than peers. Stocks tumbled on Thursday as investors fretted the Fed might…
Boeing Co. said Thursday it will move its headquarters from Chicago to the Washington, D.C., area, where company executives would be closer to key federal government officials. The company said it will use its campus in Arlington, Virginia, as its new headquarters, and it plans to develop a research and technology hub in the area….
(Reuters) – Goldman Sachs Group Inc is reviewing its policies for abortion benefits, according to a person familiar with the bank’s thinking, as companies rush to offer support to their U.S. employees if the country’s top court overturns abortion rights. JPMorgan Chase & Co is also discussing extending abortion benefits for employees to cover travel,…
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Thursday he would forgo a pay rise for a third year in a row after he urged people in Britain to show wage restraint in the face of fast-rising inflation. Bailey said he had turned down a 1.5% pay rise in an interview with…
Semiconductors are a curious case for the market. The group has enjoyed a long cycle of demand and grown at an incredible pace. However, investors remain concerned about a ‘peak’ cycle in the group. This is a concept that argues, that while sales are fantastic, they are not sustainable. Price action in the group suggests…
(Reuters) – Russian oligarch Roman Abramovich on Thursday denied media reports that he has asked for his loan to Chelsea football club to be repaid, saying that the suggestions are “entirely false”. Premier League Chelsea were put up for sale by Abramovich following Russia’s invasion of Ukraine and before sanctions were imposed on him by…
By Uday Sampath Kumar and Jessica DiNapoli (Reuters) -Kellogg Co raised its 2022 forecast on Thursday, banking on more price increases to help counter the impact of supply shortages stemming from a workers’ strike at the company’s U.S. plants last year and the war in Ukraine. Shares of the Michigan-based company rose 4% after it…
