NEW YORK (Reuters) – U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for the first time since embarking on its aggressive policy tightening campaign more than a year ago. Nonfarm payrolls increased by 339,000 jobs last month,…
By Milana Vinn, Abigail Summerville and David Carnevali NEW YORK (Reuters) – Barclays Chief Executive C.S. Venkatakrishnan held a virtual town hall this week to address management changes that have led to about two dozen U.S. investment bankers fleeing in the last few weeks, people familiar with the matter said. The bankers have left for…
NEW YORK (Reuters) – U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for the first time since embarking on its aggressive policy tightening campaign more than a year ago. Nonfarm payrolls increased by 339,000 jobs last month,…
LONDON (Reuters) – A British teenager who detectives believe may have been just hours away from launching an attack on police or soldiers, was on Friday sentenced to a minimum of six years in jail for terrorism offences. Matthew King, 19, who converted to Islam during the COVID-19 lockdown and then became quickly radicalised by…
By Andy Sullivan WASHINGTON (Reuters) – The latest standoff over the U.S. debt ceiling, resolved just days before the government faced a devastating default, has prompted some to call for the country to ditch its self-imposed borrowing limit. That’s not likely to happen any time soon. Though the showdown unnerved investors and prompted threats of…
(Reuters) – General Motors Co and South Korea’s POSCO Future M said on Friday they will invest more to boost production at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over $1 billion. The companies said the new investment includes an additional CAM and a precursor facility…
MEXICO CITY (Reuters) – Mexico has accepted a request from the United States to review an alleged denial of collective labor rights at U.S. tiremaker Goodyear’s plant in the central state of San Luis Potosi, the country’s economy and labor ministries said Thursday. An independent union had petitioned the U.S. government to open a case…
WASHINGTON (Reuters) -The House Oversight Committee’s Chairman James Comer opened a probe Thursday into U.S. Federal Trade Commission Chair Lina Khan’s management of the agency, citing complaints of abuse of power. Khan has angered companies and trade groups like the Chamber of Commerce by pushing the FTC, which enforces antitrust law and laws against deceptive…
LONDON (Reuters) -Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, according to BofA Global Research data released on Friday, part of a surge of investor interest in artificial intelligence Tech stocks saw $8.5 billion of inflows in the week, BoFa said, citing market data provider EPFR. Stocks in…
WASHINGTON (Reuters) -President Joe Biden tripped and fell after handing out the last diploma at a graduation ceremony at the U.S. Air Force Academy in Colorado on Thursday, but got up quickly and walked back to his seat. The 80-year-old U.S. president fell forward, caught himself with his hands, then got up on one knee…
