By Michael S. Derby (Reuters) – St. Louis Federal Reserve leader James Bullard said Thursday the new year could finally bring some welcome relief on the inflation front. The rate-setting Federal[...]
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January 5, 2023
Amazon to cut 18,000 jobs as layoffs expand in tech sector
By Jeffrey Dastin and Uday Sampath Kumar (Reuters) -Amazon.com Inc’s layoffs will now include more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive And[...]
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Oil rises after U.S. fuel stocks draw down; economic concerns loom
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 1% on Thursday after posting the biggest two-day loss for the start of a year in three decades with U.S. data showing lower fuel inventories[...]
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ECB interest rates should peak by summer – Villeroy
PARIS (Reuters) – The European Central Bank interest rates should reach a peak by this summer and hikes should not be “too mechanical”, French ECB policymaker Francois Villeroy de Ga[...]
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Heavy discounts drive record U.S. online holiday spending – report
(Reuters) – U.S. online spending during the 2022 holiday season rose by a better-than-expected 3.5%, a report by Adobe Analytics showed, as retailers used hefty discounts to lure inflation-weary[...]
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Tech firms lead companies with most December job cuts -report
By Michael S. Derby NEW YORK (Reuters) – American technology firms dominated the number of announced job cuts in December, as some employers downsized workforces to brace for the prospect of dif[...]
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Dell looks to phase out Chinese chips by 2024 – Nikkei
(Reuters) – Dell Technologies Inc plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.[...]
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Ukraine suffers biggest economic fall in independent era due to war
By Olena Harmash KYIV (Reuters) -Ukraine suffered its sharpest economic decline in over 30 years in 2022 because of the war with Russia, but said foreign aid and the “unbreakable spirit” o[...]
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Continental partners with AI chip firm Ambarella on autonomous driving
BERLIN (Reuters) – Germany’s Continental and California-based artificial intelligence chip firm Ambarella announced a partnership on Thursday to make software and hardware systems for auto[...]
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