US Fed’s Daly says rate hikes essential to bring down prices
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday reiterated that rate hikes will be essential to…
Economy
Chinese property developer Guangzhou R&F faces bankruptcy restructure demand
HONG KONG/BEIJING (Reuters) -Two creditors of China’s Guangzhou R&F Properties have sued the property developer to seek a bankruptcy restructuring,…
Hybrid-work trend may wipe out $800 billion from office property values by 2030 – McKinsey study
(Reuters) – A shift to remote working is likely to wipe off $800 billion from the value of office buildings…
Top US sanctions architect to lead Treasury’s financial crimes team -Yellen
WASHINGTON (Reuters) – Andrea Gacki, a veteran U.S. Treasury official who helped design Washington’s Russia sanctions strategy, has been appointed…
Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion
By Granth Vanaik (Reuters) -U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last…
Amazon gets labor board complaint on failure to bargain with NY union
By Chandni Shah (Reuters) -Amazon.com was hit with a complaint on Wednesday for refusing to bargain with a New York…
Sensodyne toothpaste-maker Haleon planning job cuts – The Guardian
(Reuters) -Haleon, the world’s biggest standalone consumer health business, is planning to cut hundreds of roles in the UK and…
Factbox-Analysts guarded as AI-driven US stock rally faces earnings test
(Reuters) – Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled…
US small business lending holding up despite higher cost of credit
By Safiyah Riddle (Reuters) – U.S. small businesses are paying the most for loans in 16 years as borrowing costs…
Cintas beats quarterly estimates on price hikes, easing cost
(Reuters) – Cintas Corp beat quarterly profit and revenue expectations on Thursday, helped by demand for its pricier rental uniforms…