2022

By Sheila Dang and Katie Paul (Reuters) – Twitter Chief Executive Parag Agrawal told employees on Monday that the future of the social media firm is uncertain after the deal to be taken private under billionaire Elon Musk closes. He was speaking to a town hall meeting that was heard by Reuters. “Once the deal…

By Chris Prentice and Marc Jones WASHINGTON/LONDON (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19 outbreaks…

By Katanga Johnson WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra will tell congress on Tuesday that the agency will propose in a “timely fashion” a measure on open banking and small business lending data, according to testimony published on a Congressional website. During his second hearing as consumer watchdog…

(Reuters) – A Teamsters group, which represents roughly 7,000 Amazon.com Inc fulfillment center workers across Canada’s Alberta and the Northwest Territories, has filed an application with the Labor Board to hold a vote for union representation. The effort is Teamsters’ second attempt at forming a union at the Amazon site in Nisku, after a failed…

By Bansari Mayur Kamdar and Noel Randewich (Reuters) – The Nasdaq ended sharply higher on Monday, with growth stocks staging a late-day rally after Twitter agreed to be bought by billionaire Elon Musk. Twitter surged after announcing it would be bought by Musk in a deal that will shift control of the social media giant…

By Lewis Krauskopf and Saikat Chatterjee NEW YORK/LONDON (Reuters) -After a rocky week for U.S. stocks, a number of Wall Street strategists are pointing to reasons for further caution as investors face tightening monetary policy, corporate earnings, seasonal weakness and other factors that could spell more trouble for equities. The S&P 500 was last down…

WASHINGTON (Reuters) – The U.S. Treasury Department on Monday extended general licenses for Russia’s GAZ Group through May 24, authorizing certain activities involving the van maker and transactions necessary to divest or transfer debt, equity or other holdings in the company. (Reporting by Chris Gallagher and Tim Ahmann; Editing by Doina Chiacu)

MEXICO CITY (Reuters) – Mexico’s economy is thought to have expanded between January and March for the first time in three quarters, driven by domestic consumption and a rebound in exports, a Reuters survey showed on Monday. Gross domestic product (GDP) is expected to have grown 1.1% in the first quarter from the previous three-month…

FRANKFURT (Reuters) – German exchange operator Deutsche Boerse raised its full-year targets on Monday as it reported better-than-expected quarterly results thanks to higher trading activity. The company said it now expects 2022 net revenue over 3.8 billion euros ($4.07 billion) and earnings before interest, taxes, depreciation and amortisation (EBITDA) over 2.2 billion euros as its…