WASHINGTON (Reuters) – Inflation is the biggest headwind facing the U.S. economy right now and U.S. Federal Reserve officials “remain…
Real estate broker Compass to cut more jobs to deal with housing downturn
(Reuters) – Real estate broker Compass Inc said on Thursday it would cut more jobs to deal with a downturn…
Heavy discounts drive record U.S. online holiday spending – report
(Reuters) -U.S. online spending during the 2022 holiday season rose by a better-than-expected 3.5%, a report by Adobe Analytics showed,…
U.S. private payrolls beat expectations in December – ADP
WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in December, pointing to still-strong demand for labor despite higher…
Samsung’s quarterly profit set to hit 6-year low as consumers hunker down
By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd’s quarterly profit will likely plunge 58% to its lowest in…
Tesla, EV rivals absorb costs after China pulls plug on subsidy
SHANGHAI (Reuters) – China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including…
Tech firms lead companies with most December job cuts -report
By Michael S. Derby NEW YORK (Reuters) – American technology firms dominated the number of announced job cuts in December,…
Kenya will not default on its debt payments -President Ruto
NAIROBI (Reuters) – Kenya will not default on its debt and plans to ramp up tax collection in the next…
Ukraine suffers biggest economic fall in independent era due to war
By Olena Harmash KYIV (Reuters) -Ukraine suffered its sharpest economic decline in over 30 years in 2022 because of the…
Continental partners with AI chip firm Ambarella on autonomous driving
BERLIN (Reuters) – Germany’s Continental and California-based artificial intelligence chip firm Ambarella announced a partnership on Thursday to make software…