By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada recorded a surprise trade deficit in May, a sign economic growth may be slowing, as energy and grains dragged down exports and unwrought precious metals and motor vehicles contributed to a surge in imports. The country’s trade deficit with the world was C$3.44 billion ($2.59…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Dallas President Lorie Logan said Thursday that there was a case for a rate rise at the June policy meeting, in comments that affirmed her view that more rate increases will be needed to cool off a still strong economy. “It would have been…
WASHINGTON (Reuters) -Six companies that make snacks with the active ingredient of cannabis have been sent cease and desist letters because the packaging looks too much like foods that kids love, including “Stoneos” that mimic Oreo cookies, the U.S. Federal Trade Commission (FTC) said on Wednesday. The letters were sent by the FTC and Food…
WASHINGTON (Reuters) – U.S. job openings dropped in May, but remained at higher levels, indicating that labor market conditions were slowly easing. Job openings, a measure of labor demand, fell 496,000 to 9.824 million by the last day of May, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS…
By Safiyah Riddle (Reuters) – American employers slowed downsizing in June, announcing the lowest number of layoffs since October 2022. According to the latest job cuts report from employment firm Challenger, Gray & Christmas released on Thursday, U.S.-based employers said they were cutting 40,709 jobs in June, down 49% from the number of cuts announced…
(Reuters) – Layoffs in the United States nearly halved in June from a month earlier as job cuts in the technology sector fell, according to data from employment firm Challenger, Gray & Christmas Inc. Corporate America has taken to laying off a large number of their workforce, as aggressive interest rate hikes by the Federal…
WASHINGTON (Reuters) – The U.S. services sector grew faster than expected in June as new orders picked up, but a measure of prices paid by businesses for inputs fell to more than a three year low, suggesting that the closely watched services inflation would continue to cool. The Institute for Supply Management (ISM) said on…
WASHINGTON (Reuters) – The U.S. trade deficit narrowed in May, with imports of goods dropping to their lowest level since late 2021 as higher borrowing costs slow domestic demand. The trade deficit decreased 7.3% to $69.0 billion, the Commerce Department said on Thursday. Data for April was revised slightly to show the trade gap widening…
WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in June, indicating that the labor market remains strong despite growing risks of a recession from higher interest rates. Private payrolls jumped by 497,000 jobs last month, the ADP National Employment report showed on Thursday. Data for May was revised lower to show 267,000 jobs…
LOS ANGELES (Reuters) – Longtime Showtime Networks executive David Nevins has been named chief executive of the North Road Company, an independent studio founded by Hollywood veteran Peter Chernin, who announced the appointment on Thursday. Nevins will oversee North Road’s portfolio of scripted and unscripted content and documentaries, and also look to make acquisitions. Chernin…
