(Reuters) – Disappointing earnings from Apple Inc, Alphabet Inc and Amazon.com on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. The tech industry has already laid off thousands of employees in an effort to cut costs as they brace for an impending slowdown. …
NEW YORK (Reuters) – U.S. job growth accelerated sharply in January amid a persistently resilient labor market, but a further moderation in wage gains should give the Federal Reserve some comfort in its fight against inflation. The Labor Department’s closely watched employment report’s survey of establishments on Friday showed that nonfarm payrolls surged 517,000 jobs …
Instant view: U.S. job growth accelerates in January, wage gains moderate Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank’s tough talk on Thursday may not have convinced investors hoping for an early end to rate hikes, but ECB policymakers largely agree on how much more is needed to tame inflation, six of them said. The central bank for the 20 countries …
Analysis-ECB policymakers converging on end-point for rate hikes Read More »
SAO PAULO (Reuters) -Industrial production in Brazil ended 2022 with a 0.7% drop on the previous year, government statistics agency IBGE said on Friday, losing some of the gains the sector recorded in 2021 after a pandemic-related downturn. IBGE said the retreat came on the back of rising interest rates, which directly affected the cost …
Brazil’s industrial output falls in 2022, gloomy scenario likely to continue Read More »
By Daniel Trotta (Reuters) -Three former U.S. snowboarders sued their former coach, the national snowboarding federation and the U.S. Olympic Committee on Thursday alleging sexual abuse that was covered up by the two sporting bodies, court documents showed. Rosey Fletcher, Erin O’Malley and Callan Chythlook-Sifsof sued former coach Peter Foley, U.S. Ski and Snowboard (USSS), …
U.S. snowboarders sue former coach alleging sexual abuse Read More »
MEXICO CITY (Reuters) – Cargo airlines operating out of Mexico’s busiest airport will have until July to leave the hub, a decree published in the country’s national gazette Thursday evening said. The decree comes from President Andres Manuel Lopez Obrador, who has said he would have cargo flights moved due to lack of space at …
Cargo airlines have until July to move flights from Mexico’s capital airport Read More »
By Patricia Zengerle and Richard Cowan WASHINGTON (Reuters) -U.S. House of Representatives Republicans on Thursday ousted Democrat Ilhan Omar from a high-profile committee over remarks widely condemned as antisemitic, two years after Democrats removed two Republicans from committee assignments. The deeply divided House voted 218-211 along party lines to remove Omar from the Foreign Affairs …
Republicans oust Ilhan Omar from high-profile U.S. House committee Read More »
By Jonathan Stempel (Reuters) -A U.S. appeals court on Thursday declared unconstitutional a federal law making it a crime for people under domestic violence restraining orders to own firearms. The decision by a three-judge panel of the 5th U.S. Circuit Court of Appeals is the latest victory for gun rights advocates since a Supreme Court …
People under domestic violence orders can own guns -U.S. appeals court rules Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – The hedge fund industry trade association MFA on Thursday backed an activist investment firm’s push to reverse “draconian” amendments to medical device company Masimo Corp’s bylaws, weighing in on one of investment world’s most closely watched legal cases. MFA on Thursday filed an amicus curiae, or friend of …
Hedge fund lobby group supports shareholder rights in Masimo case Read More »
By Alexander Villegas LIMA (Reuters) -Peruvian President Dina Boluarte has put forward a new bill to bring elections forward to 2023 in a bid to calm protests around the country as a fractured Congress has repeatedly failed to come to an agreement after weeks of political infighting. The bill, seen by Reuters, proposes holding congressional …
Peru president unveils new bill for 2023 election amid Congress infighting Read More »
