-Home Depot Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. Decker, who …
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Exclusive-White House mulls extension of Trump-era solar tariffs, with tweaks
by Reutersby ReutersBy Jarrett Renshaw and Nichola Groom WASHINGTON -The White House is considering extending Trump-era tariffs on solar power imports, but with a handful of tweaks to make it easier for …
- US and World News
Factbox-Historic first: Black women judges who could join the U.S. Supreme Court
by Reutersby Reuters– President Joe Biden has pledged to nominate a Black woman to serve on the U.S. Supreme Court following Justice Stephen Breyer’s looming retirement. No Black woman has ever served …
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Amsterdam puts freeze on opening ‘dark store’ distribution centres
by Reutersby ReutersAMSTERDAM – The city of Amsterdam announced on Thursday a one-year freeze on the opening of new “dark stores” – small distribution centres in residential areas or nearby shopping streets …
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New York City mayor can hire brother, but only for $1, ethics board says
by Reutersby ReutersBy Dan Whitcomb – A New York City ethics panel has agreed that Mayor Eric Adams can hire his brother as a senior security adviser, but only at $1 per …
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Uber, Canadian union reach deal to support gig worker benefits, flexibility
by Reutersby ReutersBy Tina Bellon -Uber Technologies Inc on Thursday said it had reached an agreement with Canada’s largest services-sector union to offer employee-like benefits to contractors who work as ride-hail and …
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U.S. senators writing bill with ‘substantial’ Ukraine defense aid increases – sources
by Reutersby ReutersBy Patricia Zengerle WASHINGTON – A bipartisan group of U.S. senators have been meeting to hammer out legislation that would dramatically increase the amount of U.S. military aid for Ukraine, …
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Oil falls from seven-year high as Russia tensions offset Fed tightening
by Reutersby ReutersBy Stephanie Kelly NEW YORK – Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide …
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By Hyunjoo Jin and Nivedita Balu -Tesla’s most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but software that drives them …
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Southwest Airlines expects loss in Q1 after first profit in 2 years
by Reutersby ReutersBy Rajesh Kumar Singh CHICAGO -Southwest Airlines Co on Thursday reported its first quarterly profit in two years, but warned of a loss in the current quarter through March as …
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Morgan Stanley sees US debt-to-GDP ratio down 7 percentage pts in 2022
by Reutersby Reuters– A huge U.S. fiscal deficit from the first two years of COVID-19 spending should decline rapidly to near pre-pandemic levels, largely due to a rebound in economic growth, analysts …
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Bank of Canada ‘no hike’ leaves housing fire burning, say market watchers
by Reutersby ReutersBy Julie Gordon and Nichola Saminather OTTAWA – The Bank of Canada’s decision to delay a rate hike for five more weeks will add fuel to Canada’s scorching housing market …
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Gavilon deal to make Glencore major soy exporter in Brazil with larger U.S. foothold
by Reutersby ReutersBy Karl Plume – Global commodities merchant Glencore Plc took a major step this week to becoming a greater force in the international food chain with a deal to buy …
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-Mastercard Inc beat quarterly profit estimates on Thursday as an uptick in international travel powered card spending and said a recent drag on cross-border travel from the Omicron variant was …
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NEW YORK/MILAN – Retail investors bought a net of $1.66 billion in equities on Wednesday when a hawkish U.S. Federal Reserve outcome triggered wild gyrations on Wall Street, data from …
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By Noel Randewich and Hyunjoo Jin -Shares of Tesla Inc slid on Thursday, dragging down rivals after the leading electric car maker delayed releasing new vehicles until next year because …
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Textron sees higher corporate jet production, shares drop on 2022 guidance
by Reutersby Reuters-Textron Inc expects to continue ramping up business jet production in 2022 on demand from wealthy travelers, but broader industry supply-chain hiccups, labor shortages and recent surges in COVID-19 cases …
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By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON – The dollar soared to highs last seen in July 2020 against other major currencies on Thursday, a day after the Federal …
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Court dismisses claims Robinhood wrongly restricted ‘meme stock’ trades
by Reutersby ReutersBy Jody Godoy -A U.S. federal court on Thursday dismissed a lawsuit accusing Robinhood Markets Inc of violating state laws by restricting trades on so-called meme stocks during a January …
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U.S. appeals court throws out Deutsche Bank traders’ Libor-rigging convictions
by Reutersby ReutersBy Jonathan Stempel NEW YORK -A U.S. appeals court on Thursday threw out the convictions of two former Deutsche Bank AG traders for rigging Libor, once among the world’s most …
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By Paresh Dave – Alphabet Inc’s Google on Thursday increased the amount of time employees around the world can take off for vacation or caring for newborns and seriously ill …
- US and World News
U.S. preps for another record-breaking rise in migrant arrests at Mexico border
by Reutersby ReutersBy Ted Hesson WASHINGTON – U.S. border officials are preparing for as many as 9,000 border arrests per day by the spring, according to two Department of Homeland Security officials, …
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– Milwaukee police are holding four people as part of the investigation into the shooting deaths of six people inside a home over the weekend, the city’s police chief said …
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LVMH rides luxury spending boom as Louis Vuitton, Dior tempt big spenders
by Reutersby ReutersBy Mimosa Spencer and Silvia Aloisi PARIS -The world’s largest luxury goods conglomerate LVMH sees soaring demand for its fashion, handbags and jewellery continuing in 2022 after shoppers snapped up …
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Accused Michigan school shooter will pursue insanity defense: court filing
by Reutersby ReutersBy Rami Ayyub – The Michigan teenager charged with first-degree murder in the deadliest U.S. school shooting of 2021 will assert an insanity defense, his lawyers wrote in a court …