By Stephen Nellis (Reuters) – Adobe Inc on Tuesday released a set of new software tools designed to make it…
Fed’s Bostic: U.S. needs to work through labor market “shuffle and churn”
WASHINGTON (Reuters) – The U.S. labor market is still in the middle of adjusting to new wage and occupation trends…
Oil prices settle lower on U.S. supply, lower China demand
By Laura Sanicola (Reuters) -Oil prices settled lower on Tuesday on fears of higher U.S. supply combined with an economic…
Goldman CEO says reasonable chance of U.S. recession in 2023
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -The United States may tip into a recession next year, but…
Lockheed beats estimates on F-35 sales, maintains guidance
By Mike Stone WASHINGTON (Reuters) -U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly revenue on Tuesday, helped by higher…
U.S. Treasury proposes climate data collection rule for insurers
WASHINGTON (Reuters) – The U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related…
Missouri pulls $500 million from BlackRock over asset manager’s ESG push
(Reuters) -Missouri has pulled $500 million out of pension funds managed by BlackRock Inc, state Treasurer Scott Fitzpatrick said on…
Third Point takes stake in Colgate-Palmolive, urges pet food spinoff
By Svea Herbst-Bayliss and Uday Sampath Kumar (Reuters) -Daniel Loeb’s Third Point has built a significant position in toothpaste maker…
Minneapolis Fed directors wanted 100 bp discount rate hike in September
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis board members sought a full percentage point…
Sachem Head’s Ferguson says replacing CEO among tough jobs for activists
By Svea Herbst-Bayliss NEW YORK (Reuters) – Investor Scott Ferguson, who runs Sachem Head Capital Management, said one of the…