By Helen Coster NEW YORK (Reuters) – The number of people globally who initially access news through a website or app has dropped by 10 points since 2018, and younger groups prefer to access news through social media, search or mobile aggregators, according to a report released on Tuesday. Audiences pay more attention to celebrities,…
By Daniel Wiessner (Reuters) – The U.S. National Labor Relations Board on Tuesday made it more difficult for companies to treat workers as independent contractors rather than employees, handing workers in the gig economy and other industries a potential path to join unions. The Democrat-led board threw out a more business-friendly standard for classifying workers…
(Reuters) – Restaurateur Anton Pinskiy paid around 500 million roubles ($6 million) for assets formerly licensed by Starbucks in Russia, he told the TASS news agency, shedding new light on one of the many corporate exits from Russia over its invasion of Ukraine. Seattle-based Starbucks declined to comment. It had 130 stores in Russia, owned…
(Reuters) – Ukrainian President Volodymyr Zelenskiy called for tougher sanctions to halt the flow of components used in Russian missiles, saying it was cheaper to stop their transfer than to improve anti-aircraft systems against their deployment. It was the second time in a little more than a week that Zelenskiy had called for tightened rules…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a three-week low on Tuesday on news of the smallest annual increase in inflation last month in more than two years, cementing expectations that the Federal Reserve will pause interest rate hikes at its two-day meeting ending on Wednesday. The dollar index slid as…
By Herbert Lash NEW YORK (Reuters) – Global shares rallied and the dollar eased on Tuesday after U.S. consumer price data showed inflation barely rose in May, increasing expectations the Federal Reserve will pause hiking interest rates when it concludes a two-day meeting on Wednesday. The annual increase in the consumer price index was the…
By Manya Saini and Chibuike Oguh (Reuters) -Shares of U.S. banks rose on Tuesday after a smaller-than-expected rise in inflation data indicated that the Federal Reserve is likely to keep interest rates unchanged this week, while Wells Fargo’s net interest income outlook also boosted investor optimism on the sector. U.S. consumer prices barely rose in…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China’s central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at adding momentum to a hesitant…
CHICAGO (Reuters) – Tyson Foods, which is seeking to cut costs, will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, the company confirmed on Tuesday. Tyson said it will eliminate 177 employees from an office in downtown Chicago and 51 employees in suburban Downers Grove, Illinois, starting…
By David Shepardson and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) -West Coast port employers and the union representing 22,000 workers have “overcome some sticking points” in tense labor talks that have entered their 13th month, White House press secretary Karine Jean-Pierre told reporters on Tuesday. Acting U.S. Labor Secretary Julie Su is in San Francisco, where…
