By Chuck Mikolajczak (Reuters) – U.S. stocks rallied to close higher on Friday, as the S&P 500 and Dow snapped a three-session losing streak and the Nasdaq rose more than 2%, as quarterly ea[...]
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January 20, 2023
U.S. House eyes creating task force on flawed aviation computer system
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives plans to take up bipartisan legislation next week to establish a Federal Aviation Administration (FAA) task force to improve[...]
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Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI
By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is cutting about 12,000 jobs as it faces “a different economic reality”, it said in a staff memo, doubling down on ar[...]
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Biden, McCarthy to meet on debt limit as Yellen warns of consequences
By Andrea Shalal and Jeff Mason DAKAR/WASHINGTON (Reuters) -Treasury Secretary Janet Yellen on Friday warned that the U.S. government cannot choose to pay some bills over others if Congress fails to r[...]
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GXO CEO sees large M&A opportunities in Canada
By Amy-Jo Crowley LONDON (Reuters) – GXO Logistics, the world’s largest contract logistics provider, is open to sizeable takeover deals of more than $1 billion in Canada, Chief Executive Malcolm[...]
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Here’s what Twitter lost in advertising revenue in final months of 2022
By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON (Reuters) -Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by resear[...]
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China reopening spurs record inflows into emerging market funds -BofA
LONDON (Reuters) -Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China’s easing of its COVID-19 restrictions on activ[...]
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Brazilian lender Santander’s Chairman Rial resigns
SAO PAULO (Reuters) – Brazilian lender Santander Brasil SA said on Friday its chairman and former chief executive, Sergio Rial, is resigning from his position at the firm. The resignation comes[...]
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Dollar ends up vs yen, as super easy BOJ policy seems here for a while
By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly[...]
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