Weekly jobless claims drop 3,000 to 183,000 Continuing claims decreased by 11,000 to 1,655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week …
US weekly jobless claims at nine-month low; productivity accelerates Read More »
Jan 31 (Reuters) – Intel Corp (INTC.O) said on Tuesday that it had made broad cuts to employee and executive share, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5% of base pay for …
Intel slashes employee, exec pay amid PC market downturn Read More »
Job openings increase 572,000 to 11 million in December Manufacturing activity slumps further in January Private payrolls increase by 106,000 in January WASHINGTON, Feb 1 (Reuters) – US job openings unexpectedly rose in December, showing demand for labor remains strong despite higher interest rates and mounting fears of a recession, which could keep the Federal …
US job openings increase to five-month high as labor market stays tight Read More »
SINGAPORE, Feb 2 (Reuters) – Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite and hope that the US central bank will soon end its monetary tightening streak. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.84% higher, …
Asian shares jump, dollar eases after Powell comments Read More »
Fed’s rate decision expected at 1400 ET AMD expects strong second half of 2023 Amgen weighs on Dow as Q4 revenue falls slightly EA cuts bookings view, shares slide Indexes down: Dow 0.64%, S&P 0.26%, Nasdaq 0.15% Feb 1 (Reuters) – US stock indexes fell on Wednesday ahead of the Federal Reserve’s decision on interest …
Wall Street dips as Fed decision looms; AMD boosts chipmakers Read More »
HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own …
Exxon smashes Western oil majors’ profits with $56 billion in 2022 Read More »
NEW YORK, Jan 30 (Reuters) – A US judge on Monday said the names of two people who helped guarantee bail for indicted FTX cryptocurrency exchange founder Sam Bankman-Fried should be made public, but put his ruling on hold pending an expected appeal. US District Judge Lewis Kaplan in Manhattan ruled in favor of several …
People who posted Sam Bankman-Fried’s bail should be named, US judge rules Read More »
Chip profit lowest in more than a decade Analysts expect chip business to report Q1 loss Company says demand to recover starting H2 SEOUL, Jan 31 (Reuters) – Samsung Electronics Co Ltd (005930.KS) on Tuesday reported its lowest quarterly profit since 2014 and said persistent macroeconomic uncertainty will make for a tough first half year, …
Samsung flags further chip slowdown after booking 8-year-low profit Read More »
TOKYO/PARIS, Jan 30 (Reuters) – Nissan Motor Co (7201.T) and Renault SA (RENA.PA) agreed on Monday to a sweeping remake of their two-decade-old automaking alliance that will put them on equal footing and see the Japanese company investing in Renault’s new electric vehicle business. The joint announcement capped nearly four months of intense talks that …
Nissan and Renault agree to overhaul alliance, this time as equals Read More »
A look at the day ahead in markets from Amanda Cooper, Europe breaking news editor. This week promises to be one of the most action-packed in a while. Three of the world’s most influential central banks are likely to raise rates to their highest since the financial crisis, while Q4 earnings season is starting to …
