By Hannah Lang (Reuters) – City National Bank has agreed to pay $31 million to settle lending discrimination allegations with…
Oil up more than 1% on U.S. inflation data, demand optimism
By Laila Kearney NEW YORK (Reuters) -Oil prices gained about $1 a barrel on Thursday, supported by figures showing U.S…
U.S. inflation retreating as consumer prices fall; labor market still tight
By Lucia Mutikani WASHINGTON (Reuters) – U.S consumer prices fell for the first time in more than 2-1/2 years in…
Dollar slides to nearly 9-month low vs euro after U.S. inflation data
By John McCrank NEW YORK (Reuters) – The dollar tumbled to a nearly nine-month low against the euro on Thursday…
Google Cloud’s top U.S. sales executive departs
(Reuters) -Alphabet Inc’s Google promoted the head of its international cloud businesses, Adaire Fox-Martin, to take on a top sales…
TSMC cuts 2023 capex after record Q4 as chip demand weakens
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Taiwanese chipmaker TSMC warned on Thursday that first-quarter revenue would drop as…
Amazon workers’ union victory upheld by U.S. labor board director
By Jeffrey Dastin (Reuters) -A U.S. labor board director has upheld Amazon.com Inc workers’ landmark union victory at a warehouse…
Explainer-Washington creeps toward a debt catastrophe, again
By Jason Lange WASHINGTON (Reuters) – An expected showdown between President Joe Biden’s Democrats and a newly minted Republican majority…
New pilot contracts to drive up costs at U.S. airlines
By Aishwarya Nair and Kannaki Deka (Reuters) – U.S. airline profits are set to come under pressure in 2023 as…
Fed’s Bullard says latest inflation data step in right direction
(Reuters) – The U.S. economy is primed for disinflation this year but the path back to the Federal Reserve’s 2%…