By Lewis Krauskopf NEW YORK (Reuters) – A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the…
By Lisa Baertlein LOS ANGELES (Reuters) -The head of the union representing 340,000 United Parcel Service workers on Friday said he’s ready to keep talking with the company, even though his bargaining committee rejected its latest contract offer. Negotiations between the Teamsters and UPS deadlocked last week, with the world’s biggest package delivery company saying…
By Jaiveer Shekhawat (Reuters) -Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday. The layoffs at the world’s biggest crypto exchange come at a time when the industry’s future in the U.S. market is uncertain, with…
MEXICO CITY (Reuters) – A floating barrier of orange buoys put in the Rio Grande by the Texan government to hinder migrants crossing into the U.S. violates a water treaty and may encroach on Mexican territory, incoming Mexican Foreign Minister Alicia Barcena said on Friday. “We have sent a diplomatic letter (to the U.S.) on…
(Reuters) – Aspartame, one of the world’s most popular sweeteners, has been deemed a “possible carcinogen” by two groups linked to the World Health Organization, though it remains safe for consumption at already-agreed levels. The sugar substitute, used in products from diet sodas to sugar-free yoghurts and cough drops, is a combination of two amino…
By Lawrence Delevingne (Reuters) -Wall Street stocks mostly held on to their previous gains on Friday, while the dollar stayed near 15-month lows, after U.S. inflation data this week unleashed a wave of investor optimism that the U.S. Federal Reserve was nearing the end of its rate-hiking cycle. Data showed on Wednesday U.S. consumer prices…
WASHINGTON (Reuters) – Microsoft urged an appeals court in sometimes scathing language on Friday to reject the U.S. Federal Trade Commission’s (FTC) request to pause its $69 billion deal to buy Activision. The agency asked the 9th Circuit Court of Appeals late on Thursday to require the companies to delay consummating the transaction while the…
By Brendan Pierson (Reuters) -A U.S. appeals court on Friday temporarily blocked a lower court order that had sharply limited certain Biden administration officials’ and agencies’ contacts with social media companies. The ruling from the New Orleans-based 5th U.S. Circuit Court of Appeals means that the administration is not bound, for now, by a July…
By Patricia Zengerle WASHINGTON (Reuters) -The U.S. House of Representatives passed its version of a sweeping bill setting policy for the Department of Defense on Friday, but the “must-pass” bill’s chances of becoming law were uncertain after Republicans added a series of culturally conservative amendments. The fiscal 2024 National Defense Authorization Act, or NDAA, which…
By Bhanvi Satija and Raghav Mahobe (Reuters) -UnitedHealth Group’s quarterly profit beat Wall Street estimates on Friday as a smaller-than-expected jump in medical costs allayed fears that a resumption in long-delayed surgical procedures would hit profit growth. The company’s results allowed investors to breathe a sigh of relief following a $60-billion wipeout in industry market…
