By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose and the U.S. dollar and Treasury yields…
Dutch, Japanese curbs on chip equipment to China may not be tough enough -industry group
By Karen Freifeld (Reuters) – A chip industry group is warning that if U.S. allies do not adopt curbs on…
Fed’s Powell: will need substantially more evidence to be confident inflation on downward path
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday welcomed recent cooling in inflation data but said there…
U.S. job openings increase to five-month high as labor market stays tight
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly rose in December, showing demand for labor remains strong despite…
FedEx to cut senior jobs as part of larger staff reduction
By Lisa Baertlein LOS ANGELES (Reuters) -FedEx Corp on Wednesday said it would cut its officer and director ranks by…
EV maker Rivian to cut 6% of jobs amid price war -internal memo
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian Automotive is laying off 6% of its workforce in…
As Tesla ignites an EV price war, suppliers brace for Musk seeking givebacks
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and…
Gautam Adani’s statement on withdrawing $2.5 billion share sale
NEW DELHI (Reuters) – India’s Adani Enterprises called off its $2.5 billion share sale on Wednesday, citing market conditions, amid…
Blackstone REIT blocks investor withdrawals in January
By Chibuike Oguh (Reuters) – Blackstone Inc said on Wednesday it had blocked withdrawals from its $69 billion real estate…
Peloton shares soar as turnaround plan shows promise
By Priyamvada C (Reuters) -Peloton Interactive Inc on Wednesday forecast current-quarter revenue above expectations, in an early sign that its…