By Deborah Mary Sophia (Reuters) -More than 3,000 workers at over 150 Starbucks stores in the United States will walk off the job over the next week, the union representing the coffee chain’s baristas said on Friday, following claims the company had banned Pride Month decorations at some of its cafes. The strikes are also…
PARIS (Reuters) – Luxury brands focused on wealthier consumers in the United States are performing better than those who appeal to aspirational shoppers on lower incomes who are deterred by the economic uncertainty, consultancy Bain & company said. In its twice-yearly report, Bain increased its annual sales forecasts for the global personal luxury goods market…
By David Brunnstrom WASHINGTON (Reuters) – The United States unveiled agreements this week to sell weapons to India and share with it sensitive military technology, a clear sign of the Biden administration’s desire to deepen ties with New Delhi to counter China’s ambitions in Asia. But those plans, announced on Thursday during a state visit…
(Reuters) – Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the company’s valuation to about $150 billion, Bloomberg News reported on Friday, citing people familiar with the matter. In January, the company was valued at $137 billion after raising $750 million in a funding round, according to a…
By Joseph Ax (Reuters) – For a year, Stockton Rush had tried to convince Las Vegas-based investor Jay Bloom to buy a couple of spots on his company’s submersible so Bloom and his son could experience the once-in-a-lifetime thrill of visiting the deep-sea wreck of the Titanic. Bloom was intrigued, he said in an interview…
By Stephanie Kelly NEW YORK (Reuters) – A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for credits under the nation’s biofuel blending program. The Biden administration abandoned a similar scheme over concerns that it could trigger lawsuits.. Under the bill’s plan,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday after dismal business activity data from around the globe soured risk sentiment and as hawkish comments from central banks added to pressure on riskier currencies. U.S. business activity fell to a three-month low in June as services growth eased for…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Friday gave President Joe Biden’s administration the green light to move ahead with guidelines shifting immigration enforcement toward countering public safety threats, handing him a victory on the politically contentious issue in a legal battle with Texas and Louisiana. The 8-1 decision overturned a judge’s…
(Reuters) – U.S. companies borrowed 1% more in May compared to a year earlier to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. The companies signed up for new loans, leases and lines of credit worth $9.5 billion last month, up from $9.4 billion a year ago. “We have…
NEW YORK (Reuters) – A U.S. judge on Friday denied Sam Bankman-Fried’s push to get a law firm that advised his now-bankrupt FTX cryptocurrency exchange to hand over documents he says can help him beat fraud charges. The onetime billionaire, who has pleaded not guilty to charges of stealing from FTX customers and lying to…
