By Siddharth Cavale (Reuters) – As American shoppers stomach soaring food prices, they are cutting back on purchases of other goods, such as toys, clothing and housewares, in a challenging trend[...]
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NEWSLETTER
Meta preparing for fresh round of job cuts – Washington Post
(Reuters) – Facebook-parent Meta Platforms Inc is planning a fresh round of job cuts in a reorganization and downsizing effort that could affect thousands of workers, the Washington Post reporte[...]
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Dollar clings to modest gains as strong U.S. data lends support
By Laura Matthews NEW YORK (Reuters) – The dollar held on to modest gains against its peers on Tuesday, supported by strong U.S. economic data, but the greenback was down against the British pou[...]
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Britain’s Tesco raises store workers pay by 7%
LONDON (Reuters) -Tesco, Britain’s biggest retailer, will raise hourly pay for about 220,000 store workers by 7% from April, another increase that will likely catch the attention of the Bank of[...]
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S&P 500 ends down as investors fret about interest rates
By Noel Randewich (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and Nvidia as investors worried that inflation and a strong U.S. economy could put the Federal Rese[...]
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Potential winners and losers from the new U.S. EV charging standards
(This Feb. 15 story has been corrected to say ‘Natural Resources Defense Council’, not ‘National Resources Defense Council’) (Reuters) – The Biden administration announce[...]
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Barclays Shares Tumble 9% As Profit Disappoints
By Lawrence White and Iain Withers LONDON (Reuters) – Barclays reported a 14% fall in full-year pretax profit on Wednesday as earnings were poleaxed by surging costs, a collapse in deal fees and[...]
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Retail Investor Risk Appetite Improves With AI Stocks Leading
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some of Wall Street’s most speculative names, including meme stocks and shares of artificial intelligence companies, are leading the equity market[...]
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Europe’s Spend on Energy Crisis Nears 800 Billion Euros
By Kate Abnett BRUSSELS (Reuters) – European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monda[...]
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