US job growth accelerates despite interest rate hikes

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in April while wage gains increased solidly, pointing to persistent labor market strength that could compel the Federal Reserve to keep interest rates higher for longer as it fights to bring inflation under control. The Labor Department’s closely watched employment report on Friday also showed…

Read More

Mexican president says U.S. policy change will not boost migrant numbers at border

MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador does not foresee a jump in migrant flows once U.S. border restrictions are lifted next week, contrary to U.S. officials who are preparing for the possibility of a spike in illegal border crossings. The border policy known as Title 42, which allows U.S. authorities to rapidly…

Read More

Analysis-Russia’s mercenary boss deepens fog of Ukraine war while deflecting blame

By Mark Trevelyan, Andrew Osborn and Jonathan Landay LONDON (Reuters) – An extraordinary announcement by Russian mercenary leader Yevgeny Prigozhin that his fighters will abandon the Ukrainian city of Bakhmut looks like an exercise in blame avoidance and disinformation, Russia specialists and military analysts say. But it takes his conflict with defence chiefs to a…

Read More

Apple’s results send shares surging to nine-month high

By Noel Randewich (Reuters) – Apple’s stock surged nearly almost 5% on Friday, hitting a nine-month high and on track for its biggest one-day gain since November after the iPhone maker’s quarterly results cheered investors worried about a potential recession. (Graphic: Apple surges as Tim Cook keeps steady hand on helm – https://fingfx.thomsonreuters.com/gfx/mkt/zdvxdgxddvx/Pasted%20image%201683306123687.png) The rally…

Read More

Further improvement seen in weak Q1 U.S. earnings forecast -Refinitiv data

By Caroline Valetkevitch NEW YORK (Reuters) -The estimated decline in first-quarter S&P 500 earnings has improved from last week and is now at just 0.7% year-over-year, Refinitiv data showed on Friday, thanks to another round of upbeat results from companies including Apple Inc.. The first-quarter reporting period is in the final stretch, with results now…

Read More