By Marianna Parraga and Jonathan Saul HOUSTON/LONDON (Reuters) – When the supertanker Young Yong sailed to the Chinese port of…
Sweden’s H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profits
By Stine Jacobsen COPENHAGEN (Reuters) – Swedish fashion giant H&M on Wednesday became the first big European retailer to start…
U.S. private payrolls growth slows in November-ADP
WASHINGTON (Reuters) – U.S. private payrolls increased far less than expected in November, suggesting demand for labor was cooling amid…
Close Yellen adviser Lipton to step down
(Reuters) -David Lipton, one of U.S. Treasury Secretary Janet Yellen’s closest advisers who has helped shape international economic policy, will…
Airbnb launches service allowing American renters to host apartments
(Reuters) – Airbnb Inc said on Wednesday it is introducing a new listing service in the United States that will…
Foxconn asks workers for referrals to replenish China plant’s staff
SHANGHAI (Reuters) – Apple supplier Foxconn on Wednesday offered a 1,000 yuan ($141.11) award to staff who successfully recommend people…
BlockFi tells U.S. bankruptcy court it is ‘the antithesis of FTX’
By Dietrich Knauth (Reuters) -BlockFi, the first direct casualty of crypto exchange FTX’s collapse, told a U.S. bankruptcy judge on…
Singapore’s Temasek holds internal review of $275 million FTX-related loss
SINGAPORE (Reuters) – Singapore’s Deputy Prime Minister Lawrence Wong said on Wednesday that Temasek Holdings has initiated an internal review…
S&P 500 ends down as Apple dips and traders eye Powell speech
By Shreyashi Sanyal and Noel Randewich (Reuters) – The S&P 500 ended down on Tuesday, with losses in Apple and…
Albertsons, Kroger CEOs defend $25 billion merger to U.S. Senate committee
By Diane Bartz WASHINGTON (Reuters) – Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co and…