By Scott DiSavino NEW YORK (Reuters) -Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week o[...]
Read more
January 6, 2023
U.S. jobs report breathes life into Fed’s ‘soft landing’ scenario
By Howard Schneider and Ann Saphir NEW ORLEANS/SAN FRANCISCO (Reuters) – A jump in the workforce and easing wage growth suggests the U.S. job market is starting to move the way the Federal Reser[...]
Read more
U.S. VC funding cools from 2021 record as investors keep their powder dry
By Krystal Hu (Reuters) – Funding for U.S. startups fell by one-third from their peak in 2021, according to PitchBook data released on Friday, despite record amounts of capital raised by new and[...]
Read more
Investment management firm AQR books best year in several strategies
By Nell Mackenzie (Reuters) – Investment management firm AQR’s Absolute Return Strategy in 2022 saw its best year since its inception since 1998, a source with knowledge of the matter said[...]
Read more
Fed will face complicated choices as labor market softens: George
(Reuters) – The Federal Reserve will face some hard choices and delicate communications challenges as it fights still-high inflation even as the labor market begins to soften, Kansas City Federa[...]
Read more
Mixed emotions as McDonald’s leaves Kazakhstan
ALMATY (Reuters) -Workers removed the branding from McDonald’s outlets in Kazakhstan’s biggest city, Almaty on Friday after the fast food giant’s local business appeared to fall vict[...]
Read more
Southwest Airlines forecasts loss after mass holiday cancellations
By Abhijith Ganapavaram and Kannaki Deka (Reuters) -Southwest Airlines Co said on Friday it expects to post a loss in the fourth quarter after it canceled over 16,700 flights between Christmas and New[...]
Read more
New York sues Celsius Network founder Mashinsky, alleges crypto fraud
By Jonathan Stempel NEW YORK (Reuters) -New York’s attorney general on Thursday sued Celsius Network founder Alex Mashinsky, claiming he defrauded investors out of billions of dollars in digital[...]
Read more
Fed’s more gradual rate hike path should limit economic harm, Barkin says
By Lindsay Dunsmuir (Reuters) – The Federal Reserve’s move to smaller interest rate hike increments will help limit damage to the economy as the U.S. central bank works to bring high infla[...]
Read more