(Reuters) -The number of Americans filing new claims for unemployment benefits increased last week and unit labor costs rose by less than previously thought in the first quarter, indicating the labor[...]
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June 6, 2024
UK court decides aircraft disputes to be heard in Ukraine, not London
LONDON (Reuters) – A legal battle between insurers and aircraft leasing companies over jets stuck in Ukraine should be heard in Ukraine rather than London, the High Court in London ruled on Thur[...]
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Investors queued up for US high-yield bond funds as rate cut hopes grow
By Patturaja Murugaboopathy (Reuters) – U.S. high-yield bond funds enjoyed the biggest inflows of the year in May, driven by the allure of higher yields, potential for price appreciation amid an[...]
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$1.3 billion UK lawsuit accuses Amazon of misusing small sellers’ data
LONDON (Reuters) – Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market[...]
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Nvidia overtakes Apple as No. 2 most valuable company
(This June 5 story has been corrected to show Nvidia’s market cap gain was nearly $150 billion, not $150 million, in paragraph 10) By Noel Randewich (Reuters) – Nvidia’s rallied to r[...]
Read moreWhat’s Going On With Reddit Stock Today?
Reddit Inc (NYSE:RDDT) announced an expanded partnership with Sprinklr Inc (NYSE:CXM) covering both Reddit’s Data API and Advertising API. What Happened: Reddit and customer experience management plat[...]
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Fiat sees demand for new hybrid 500e small car of 100,000-110,000 units a year
MILAN (Reuters) – Market demand for Fiat’s new hybrid 500e small car amounts to around 100,000-110,000 units a year, a group executive said on Thursday, as the company offers a cheaper ver[...]
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Costco’s Japan wages provide pathway to firing up nation’s low pay, economy
By Mariko Katsumura MEIWA, Japan (Reuters) – When Costco Wholesale opened its warehouse in a rural Japanese town not far from Tokyo last year offering hundreds of jobs at eye-popping pay, a near[...]
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Buffett’s NetJets sues pilots’ union for defamation over safety, training claims
By Jonathan Stempel (Reuters) -NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its[...]
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