WASHINGTON (AP) — The message the U.S. jobs report sent Friday was a surprising one: Despite a surge in viral cases in January, the labor market is so healthy that employers kept hiring last month at a pace that far surpassed anyone’s expectations. Before Friday, the widespread view was that COVID-19’s highly transmissible omicron variant…
By Chibuike Oguh (Reuters) – Buyout firm Carlyle Group Inc is in talks to acquire CBAM Partners in a bid to grow its credit investment platform and take on peers such as Apollo Global Management Inc and Blackstone Inc, according to people familiar with the matter. Carlyle has prevailed in an auction to acquire New…
By Ann Saphir and Howard Schneider (Reuters) – Bigger-than-expected U.S. job gains last month are fueling market bets that the Federal Reserve will kick off its interest rate hikes in March with a hefty half-point jump. That’s likely a bridge too far, given what Fed policymakers have said, where the jobs market is now, and…
By Katanga Johnson WASHINGTON (Reuters) – Stock indexes around the globe traded mixed on Friday despite strong Amazon earnings, while gold prices slipped under pressure from a firmer dollar and higher U.S. Treasury yields as upbeat U.S. jobs data bolstered the case for Federal Reserve rate hikes. Earlier in the session, a sell-off in bonds…
BRUSSELS (AP) — The European Union on Friday imposed sanctions on five senior members of Mali’s transitional government, including Prime Minister Choguel Maiga, accusing them of working to obstruct and undermine the transition from military to civilian rule. The move comes days after Mali coup leaders ordered France’s ambassador to leave in what was the…
By Allison Lampert MONTREAL (Reuters) -Europe’s Airbus and Quebec said on Friday they have agreed to a $1.2 billion investment deal that would allow the Canadian province to remain in the loss-making A220 jet program until the venture is likely to turn profitable. Under the deal, Airbus would invest $900 mln, while the Quebec government…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices surged to fresh seven-year highs on Friday, headed for a seventh straight weekly increase, built on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers. Brent crude rose $2.25, or 2.5%, to $93.36 a barrel by 10:32…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy created far more jobs than expected in January despite the disruption to consumer-facing businesses from a surge in COVID-19 cases, pointing to underlying strength that should sustain the expansion as the Federal Reserve starts to raise interest rates. The Labor Department’s closely watched employment report on…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose from two-week lows on Friday, after data showed the world’s largest economy created far more jobs than expected, raising the chances of a larger Federal Reserve interest rate hike in March. The dollar index, a gauge of its value against six major currencies, rose…
RENO, Nev. (AP) — The U.S. Fish and Wildlife Service has proposed designating critical habitat for a Nevada wildflower it plans to list as endangered amid a conflict over a mine to produce lithium batteries for electric vehicles critical to the Biden administration’s plans to combat climate change. The agency on Wednesday proposed designating critical…
