By Joseph White and Ben Klayman DETROIT (Reuters) -United Auto Workers President Shawn Fain on Friday warned of more walkouts at U.S. truck and SUV factories unless the Detroit Three automakers improv[...]
Read moreOctober 20, 2023
US budget gap soars to $1.7 trillion, largest outside COVID era
By David Lawder WASHINGTON (Reuters) -The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Secur[...]
Read moreFactbox-Top issues in Detroit Three’s negotiations with UAW
(Reuters) – United Auto Workers President Shawn Fain said on Friday the three Detroit automakers had converged on a 23% wage hike after fresh contract offers from General Motors and Stellantis N[...]
Read moreInflation, commercial real estate among top financial stability concerns -Fed survey
By Pete Schroeder WASHINGTON (Reuters) -The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respon[...]
Read moreWall Street notches weekly loss as benchmark US bond yield eases
By Stephen Culp NEW YORK (Reuters) – Wall Street ended lower on Friday as investors closed the book on a week marked with mixed earnings, warnings of possible further interest rate hikes from th[...]
Read moreBezos’ Blue Origin sees third executive departure amid restructuring
By Joey Roulette WASHINGTON (Reuters) -Blue Origin’s senior vice president of operations is leaving “for personal reasons,” according to an internal email seen by Reuters, the third[...]
Read moreEU antitrust regulators resume Adobe, Figma probe, deadline Feb. 5
BRUSSELS (Reuters) – European Union antitrust regulators have resumed their investigation into Photoshop maker Adobe’s $20 billion bid for cloud-based designer platform Figma, setting a Fe[...]
Read moreBond term premiums are now a focus for the Fed. What are they?
(Reuters) – U.S. Federal Reserve policymakers are increasingly taking the view that the rising bond yields that are tightening financial conditions in the way they have been seeking are due less[...]
Read moreOil drops after Hamas releases US hostages
By Shariq Khan BENGALURU (Reuters) -Oil prices settled lower on Friday after the Islamist group Hamas released two U.S. hostages from Gaza, leading to hopes the Israeli-Palestinian crisis could de-esc[...]
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