By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflat[...]
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January 11, 2023
Home Depot to change pay policy for hourly employees
(Reuters) – Home Depot Inc said on Wednesday it will change its pay policy for hourly employees starting Jan. 16, with associates being paid based on exact time punches. “Our policy has be[...]
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Starbucks’ support staff to work from office thrice a week
(Reuters) – Starbucks Corp said on Wednesday its U.S. support center employees have to work from office at least three days a week, compared with a previous commitment of at least one day per we[...]
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Bed Bath & Beyond surges for third day in meme-stock rally
By Medha Singh (Reuters) -Shares of Bed Bath & Beyond shares surged on Wednesday as individual investors piled in, extending the stock’s rebound from multi-decade lows hit last week and revi[...]
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Foreigners’ dry powder is fuel for a long stock market rally in China
By Xie Yu and Ankur Banerjee HONG KONG/SINGAPORE (Reuters) -Foreign investors have barely begun buying back beaten-down stocks in China, but there are growing signs that the end of the country’s[...]
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Canada, Mexico win auto rules trade dispute with U.S.
By Steve Scherer OTTAWA (Reuters) – Canada and Mexico have won their challenge to the U.S. interpretation of content rules for autos under the new North American trade pact, a dispute panel rule[...]
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U.S. watchdog moves to block ‘debt mill’ working for Citi, Discover
(Reuters) – The Consumer Financial Protection Bureau moved to stop a New York law firm it said was acting as a high-volume debt collection service for major lenders including Citigroup Inc and D[...]
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Marketmind: To the inflation stations
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. U.S. inflation will set off the global market fireworks on Thursday and beyond, but there are a couple[...]
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Stocks rally, bond yields fall with bets on easing U.S. inflation
By Sinéad Carew and Huw Jones NEW YORK/LONDON (Reuters) – The S&P 500 closed up more than 1% while U.S. Treasury yields fell and the dollar was little changed on Wednesday as investors bet t[...]
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