By Amna Karimi and Abhijith Ganapavaram (Reuters) -Union Pacific Corp’s chief executive officer said on Thursday the railroad operator was considering slowing down the pace of hiring in the seco[...]
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April 20, 2023
Fed’s Mester sees policy rate over 5% and ‘soft landing’ on horizon
By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Loretta Mester said on Thursday the U.S. central bank still has more interest rate increases ahead of it, while noting the a[...]
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Argentine peso hits record low in black market as economy creaks
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s peso currency sank in widely used parallel markets on Thursday, hitting a record low against the U.S. dollar as concerns grew about t[...]
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Luxury industry under scrutiny as EU probes Gucci and others
By Emilio Parodi and Mimosa Spencer MILAN/PARIS (Reuters) -Europe’s flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators inspected Gucci[...]
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Fed needs more speed on emergency lending: Waller
(Reuters) – The unprecedented speed at which depositors pulled their money from Silicon Valley Bank outpaced the ability of the Federal Reserve to act as lender of last resort, underscoring the[...]
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US, memory chipmaker Micron settle claim of immigration-related discrimination
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department said on Thursday it reached a settlement with memory chipmaker Micron Technology Inc to resolve an allegation of immigration-related[...]
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US Senate Republicans go after Biden’s labor nominee for stance on Uber, Lyft, others
By Nandita Bose WASHINGTON (Reuters) -Republican U.S. lawmakers on Thursday criticized President Joe Biden’s nominee for U.S. labor secretary, Julie Su, saying she dismantled the gig economy, hu[...]
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IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair
By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a sin[...]
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Ferragamo sales decline slightly in Q1 as U.S. weighs
MILAN (Reuters) -Sales at Italian luxury group Salvatore Ferragamo declined by 6.5% at constant exchange rates in the first quarter hit by a slowdown in the U.S. market, the company said on Thursday.[...]
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