By Caroline Valetkevitch NEW YORK (Reuters) – Oil prices jumped more than 4%, gold gained and the safe-haven U.S. dollar edged up against the euro on Monday as military clashes between Israel and the Palestinian Islamist group Hamas fueled worries that the conflict could spread beyond Gaza. U.S. stocks ended higher, with energy shares rising…
By David Shepardson (Reuters) – Chrysler-parent Stellantis said on Monday it is laying off another 570 workers and General Motors announced cuts of nearly 200 employee due to the United Auto Workers strike. Ford said Monday another 70 workers had been laid off in Michigan, bringing the total at the automaker to 1,865 since the…
By Doyinsola Oladipo (Reuters) -Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators…
By Arathy Somasekhar HOUSTON (Reuters) -Top U.S. oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said. Consolidation, steep cost inflation and investor demands for returns have shrunk production…
(Reuters) – Pharmacy employees at some U.S. Walgreens stores, including pharmacists, technicians and support staff, plan a walkout between Monday and Wednesday, CNN reported on Friday, citing an organizer. Some employees plan to walk out for one day, while others expect to close their pharmacies for all three, the network said, citing employees in three…
Barrick Gold, a leading mining company, is known for its substantial gold and copper production, sales, and exploration activities. Operating globally, Barrick Gold has a diverse portfolio of mines and projects in regions like North America, South America, Australia, and Africa. As an industry leader, the company constantly endeavors to be the foremost gold mining…
(Reuters) – Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite “considerable” progress in lowering it, and the U.S. central bank will likely need to tighten monetary policy further. “I expect it will likely be appropriate for the (Fed) to raise rates further and hold them…
By Joey Roulette WASHINGTON (Reuters) -Amazon’s first pair of prototype satellites for its planned Kuiper internet network were launched into space on Friday from Florida, the company’s first step before it deploys thousands more into orbit to beam internet service globally and compete with SpaceX’s Starlink. A United Launch Alliance Atlas 5 rocket emblazoned with…
(Reuters) – U.S. oil major Exxon Mobil is in advanced talks to buy shale producer Pioneer Natural Resources at about $60 billion, sources familiar with the matter said. Here is how the deal could impact the energy sector: WHAT WOULD IT MEAN FOR EXXON AND SHALE? The deal is for oil- and gas-producing fields that…
By Michael S. Derby (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Friday that very strong hiring data for last month didn’t change her view on the state of the employment sector, while noting upcoming data will drive her views of whether the Fed needs to hike rates again. “With this one…
