(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…
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,…
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…
Morning Bid: Rate cut talk, already!
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe Forget peak U.S. interest rates for…
German exports unexpectedly fall in November
BERLIN (Reuters) -German exports unexpectedly fell in November as high inflation and market uncertainty continue to weigh on Europe’s largest…
As travel resumes, China’s luxury shoppers ask: Paris or Hainan?
By Casey Hall SHANGHAI (Reuters) – An end to China’s travel curbs this month is expected to revive demand in…
U.S. inflation has not ‘turned the corner yet’, IMF’s Gopinath warns -FT
(Reuters) -Inflation in the United States has not “turned the corner yet” and it is too early for the Federal…