LOS ANGELES (Reuters) – The Pacific Maritime Association on Thursday said the largest longshore union local on the West Coast disrupted work at the nation’s busiest seaport complex for the second week in a row, as labor talks covering 22,000 dockworkers from California to Washington state approach the one-year mark. Frustration is growing over the…
By Julie Ingwersen CHICAGO (Reuters) -U.S. wheat futures jumped 6%, hitting a two-week high, and corn rose 1.6% on Monday as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies. Soybeans followed the trend, with the most-active January contract setting a one-month top. Chicago Board of Trade December wheat settled up…
By Angus Berwick and Tom Wilson LONDON (Reuters) – A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show. U.S. lender Silvergate Bank authorized the executive, Guangying Chen, a close associate of…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell in April, but remained at considerably high levels, suggesting that wages would continue to rise as companies scramble for workers, and contribute to inflation staying uncomfortably high for a while. The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on…
NEW YORK (Reuters) -Blackstone Inc, the biggest manager of private equity and real estate assets, said on Thursday it was discussing partnerships with U.S. regional banks to help them with constraints in areas such as car loans and home improvement financing. The New York-based firm, which is one of the world’s biggest non-bank lenders, said…
(Reuters) – The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, according to a study commissioned by Facebook owner Meta Platforms. The concept of the metaverse includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or…
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 posted a second straight record high close on Monday as tech stocks added to recent gains and investors awaited upcoming corporate reports for clues on this year’s profit outlook. Friday’s finish confirmed that the S&P 500 has been in a bull market since it closed…
WASHINGTON (AP) — The Biden administration proposed Wednesday that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators. The Federal Aviation Administration proposal would increase fuel-efficiency standards for jets and large turboprop and propeller-driven planes that it has not yet certified and planes built after Jan. 1,…
By Angelo Amante and Keith Weir ROME (Reuters) -Nations from the Mediterranean, Middle East and Africa agreed steps on Sunday to try to slow unauthorised migration and to tackle some of the pressures driving people to leave their homes and attempt to reach Europe. After a one-day meeting led by Italian Prime Minister Giorgia Meloni,…
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price jump comes amid higher crude oil costs and tight gasoline supplies. The average price at the pump is $1.61…
