By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled lower on Friday, posting a weekly decline as traders worried interest rate hikes could sap demand despite signs of tighter supplies including[...]
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June 23, 2023
Starbucks workers at over 150 stores to go on strike over Pride decor dispute
By Deborah Mary Sophia (Reuters) -More than 3,000 workers at over 150 Starbucks stores in the United States will walk off the job over the next week, the union representing the coffee chain’s ba[...]
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U.S. luxury sales increasingly coming from high-end shoppers – Bain
PARIS (Reuters) – Luxury brands focused on wealthier consumers in the United States are performing better than those who appeal to aspirational shoppers on lower incomes who are deterred by the[...]
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Pot producer Canopy raises going concern doubts, shares tumble
(Reuters) – Shares of Canada’s Canopy Growth fell 6.5% on Friday after the pot producer posted a wider quarterly loss over the previous year and raised doubts about the company’s abi[...]
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Ambitious plans for US-India technology sharing face hurdles
By David Brunnstrom WASHINGTON (Reuters) – The United States unveiled agreements this week to sell weapons to India and share with it sensitive military technology, a clear sign of the Biden adm[...]
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SpaceX tender offer values company at about $150 billion – Bloomberg News
(Reuters) – Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the company’s valuation to about $150 billion, Bloomberg News reported on Friday, citing people fami[...]
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US lawmaker to re-introduce bipartisan bill to get EV industry into biofuel program
By Stephanie Kelly NEW YORK (Reuters) – A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for[...]
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US warns of potential 5G delays for airplanes without updated altimeters
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg warned Friday of potential delays starting July 1 for airplanes that have not yet had radio altimeters updated to[...]
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Dollar higher on safety bid as data spurs growth worries
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday after dismal business activity data from around the globe soured risk sentiment and as hawkish comments from central[...]
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