By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board (NTSB) on Tuesday faulted Ethiopia’s final report into the March 2019 Boeing 737 MAX fatal crash and sai[...]
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January 25, 2023
Marketmind: Gloomy economic signals
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. South Korea and the Philippines’ GDP data are on the Asian data docket for investors on Thursday[...]
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Google says U.S. Justice Department complaint is ‘without merit’
(Reuters) – Alphabet Inc’s Google said on Wednesday it believes the complaint from the U.S. Department of Justice accusing the company of abusing its dominance in digital advertising is[...]
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S&P 500 closes slightly red as weak corporate guidance fuels recession fears
By Stephen Culp NEW YORK (Reuters) – The S&P 500 ended nominally lower on Wednesday as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries over the economi[...]
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Kohl’s close to naming Tom Kingsbury as permanent CEO – NYT
(Reuters) – Department store chain Kohl’s Corp is in late-stage talks to name Tom Kingsbury as its permanent chief executive, the New York Times reported on Wednesday, citing two people fa[...]
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IBM to cut 3,900 jobs – Bloomberg News
(Reuters) – International Business Machines Corp will cut 3,900 roles, or about 1.5% of its global workforce, its chief financial officer, James Kavanaugh, told Bloomberg News in an interview on[...]
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Hindenburg shorts India’s Adani citing debt, accounting concerns; shares plunge
By Chris Thomas and Aditya Kalra BENGALURU (Reuters) – Hindenburg Research said it held short positions in India’s Adani Group, accusing the conglomerate of improper use of offshore tax ha[...]
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Oil prices steady after smaller-than-expected U.S. crude build
By Shariq Khan BENGALURU (Reuters) -Oil prices settled largely unchanged on Wednesday after government data showed a smaller-than-anticipated build in U.S. crude inventories, countering weak economic[...]
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U.S. worker shortage denting Freeport-McMoRan’s copper output
(Reuters) -Freeport-McMoRan Inc warned on Wednesday that its struggle to find workers in the United States is limiting the amount of copper it can produce for the green energy transition. The worker s[...]
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