Logs show Fed’s Powell in whirlwind of meetings during March banking turmoil
(Reuters) – Federal Reserve Chair Jerome Powell held a phone call with the head of UBS Group AG in the…
Economy
World Bank’s new chief asks staff to ‘double down’ on development, climate efforts
By David Lawder WASHINGTON (Reuters) – The World Bank’s new president Ajay Banga on Friday asked the lender’s 16,000 staff…
Dollar jumps after surprise boost in May payrolls
(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch)…
House lawmakers urge US to rally allies over China Micron ban
By David Shepardson WASHINGTON (Reuters) – The Republican chairmen of two House of Representatives panels on Friday urged President Joe…
Oil up over 2% after US debt deal and jobs data; focus turns to OPEC+
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% on Friday after the U.S. Congress passed a debt…
Outsized US job gains may mask signs of weakness
By Howard Schneider WASHINGTON (Reuters) – The gain of 339,000 U.S. payroll jobs in May was a blockbuster number, nearly…
Tyson Foods to cut 262 employees in South Dakota who opt not to relocate
CHICAGO (Reuters) – Tyson Foods Inc will terminate about 262 employees in South Dakota who chose not to relocate to…
Citigroup CEO says Mexico IPO is best for shareholders, other sales going well
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc CEO Jane Fraser said scrapping the sale of…
US employers boost hiring in May, but labor market losing steam
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in May, but a surge in the unemployment rate to…
Canadian oil producer Suncor Energy to cut 1,500 jobs under new CEO
(Reuters) – Canada’s second-biggest oil producer Suncor Energy has told employees it plans to cut 1,500 jobs this year, two…