Reuters USA

By Manya Saini (Reuters) -Hindenburg Research on Thursday disclosed short positions in Block Inc and alleged that the payments firm led by Twitter co-founder Jack Dorsey overstated its user numbers and understated its customer acquisition costs. The U.S. short-seller, behind a market rout of over $100 billion in India’s Adani Group, said in its report …

Hindenburg takes aim at Dorsey’s payments firm Block; shares plunge Read More »

(Reuters) – Shares of First Republic Bank rose 5% on Thursday as they drew the attention of bargain-hunting retail investors, but still hovered near record-low levels on lingering fears about the future of the U.S. regional lender. The stock was the second most traded by retail punters in Wednesday’s session and the fifth most popular …

First Republic’s marginal gains keep stock close to record-low levels Read More »

By Chavi Mehta (Reuters) -Accenture Plc lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. More than half of the jobs to be cut will be in its non-billable …

Accenture trims forecasts, to cut 19,000 jobs as IT spending slows Read More »

By Nidal al-Mughrabi GAZA (Reuters) – Sabreen Abu Jazar was only hours from completing the perilous journey from Gaza to meet her husband in Europe last month when her migrant boat flipped and sank 100 metres from the Greek coast. Her body was finally returned home this week. “She phoned me just before travelling and …

Trapped and jobless, Gaza youths look for a way out Read More »

By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) – BlackRock Inc, the world’s largest asset manager, said on Thursday it would continue to push companies for details on how they treat “material” climate-related risks, despite criticism from some U.S. politicians for its stance on the energy transition. The comments continue BlackRock’s attempt to walk a …

BlackRock to keep questioning boards on ‘material’ climate risks Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits edged down last week, showing no signs yet that the recent financial market turbulence following the failure of two regional banks was having an impact on the economy. The unexpected dip in claims reported by the Labor Department on …

US weekly jobless claims tick down as labor market remains tight Read More »

WASHINGTON (Reuters) – The U.S. current account deficit narrowed in the fourth quarter amid an improvement in secondary income receipts as well as an increase in the services surplus, data showed on Thursday. The Commerce Department said the current account deficit, which measures the flow of goods, services and investments into and out of the …

US current account deficit narrows in fourth quarter Read More »

By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said on Thursday it was taking steps to improve its air traffic control operations after a series of near-miss incidents raised questions about U.S. aviation safety. “There is no question that we are seeing too many close calls,” FAA Air Traffic Organization Chief Operating …

FAA to boost US air traffic control safety after close calls Read More »

By Julia Harte, Gabriella Borter and Brendan Pierson (Reuters) – A conservative federal judge in Texas could soon order the U.S. Food and Drug Administration to reconsider its 22-year-old approval for a pill used in the most common form of abortion in the United States, or order the approval revoked outright. Of the various potential …

Analysis-In US abortion pill case, FDA could soften blow of court-ordered restrictions Read More »

By Jason Lange and Gram Slattery WASHINGTON (Reuters) – Florida Governor Ron DeSantis’ policy agenda includes new restrictions on abortion and further loosening gun laws, stances that may help him in his expected run for the 2024 Republican presidential nomination but could hurt his chances of actually being elected, according to a Reuters/Ipsos opinion poll. …

DeSantis agenda wins in Florida but could cost him in 2024 -Reuters/Ipsos poll Read More »