By Diane Bartz WASHINGTON (Reuters) -In the latest sign of tougher U.S. antitrust enforcement, the Biden administration filed a complaint Thursday aimed at blocking tech giant Microsoft’s $69 bi[...]
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December 8, 2022
Senators Warren, Smith ask Fed for accounting of banks’ crypto ties
(Reuters) – U.S. Senators Elizabeth Warren and Tina Smith are demanding an accounting from the Federal Reserve and other U.S. financial regulators of banks’ cryptocurrency activity and tie[...]
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Marketmind: Markets eye China PPI, CPI
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese producer and consumer price inflation reports for November grab the limelight in Asia on Frida[...]
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Volkswagen postpones decision on gigafactory in eastern Europe beyond 2022
PRAGUE/FRANKFURT (Reuters) -Volkswagen AG is postponing its decision on where to locate a planned gigafactory for electric car batteries in eastern Europe beyond 2022, the carmaker said on Thursday, p[...]
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Fired Amazon organizer loses bid to revive race bias lawsuit
By Daniel Wiessner (Reuters) – A U.S. appeals court on Thursday declined to revive claims that Amazon.com Inc fired New York warehouse worker Christian Smalls, a pivotal figure in a campaign to[...]
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Stocks rise on hope of revived China demand, oil slips
By Herbert Lash NEW YORK (Reuters) -World stocks rose and oil prices initially rebounded on Thursday on hopes that China’s easing of its anti-COVID-19 measures will help restore global supply ch[...]
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Yellen: U.S. can avoid recession, on ‘right track’ to lower inflation
By Andrea Shalal FORT WORTH, Texas (Reuters) – The United States can avoid a recession, given that there is no wage-price spiral and supply chain bottlenecks are starting to ease, U.S. Treasury[...]
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Broadcom forecasts current-quarter revenue above estimates on cloud strength
(Reuters) – Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for chips used in data centers and networking equipment. Companies are[...]
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New York Fed taps insurance exec for new second in command
By Michael S. Derby NEW YORK (Reuters) – The New York Federal Reserve has tapped an insurance industry executive as second in command to President John Williams, a role in which there has been r[...]
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