Groton Selected as Navy awards $642M contract boost for Virginia class submarine work
Groton, CT – General Dynamics Electric Boat Corp. has secured a $642.3 million contract modification to continue design and support work for the Navy’s Virginia class submarine program, the Pentagon announced. Contract…
Kaiser Permanente resumes talks with healthcare workers union week after strike
By Steve Gorman LOS ANGELES (Reuters) – Kaiser Permanente and the union representing healthcare workers resumed negotiations on Thursday, more than a week after contract talks broke off at the start of…
China’s consumer prices stall, factory deflation persists
BEIJING (Reuters) – China’s consumer prices faltered and factory-gate prices shrank slightly faster than expected in September, with both indicators showing persistent deflationary pressures in the world’s second-largest economy. The consumer price…
Singapore keeps monetary policy unchanged, increases review frequency
By Xinghui Kok SINGAPORE (Reuters) -Singapore’s central bank on Friday kept monetary settings unchanged as inflation in the city-state moderated and economic growth beat expectations. In a move that surprised economists, the…
Striking actors vow resolve, studios balk at latest demands
By Omar Younis and Lisa Richwine LOS ANGELES (Reuters) – Striking Hollywood actors vowed to hold firm on Thursday in their push for higher compensation and other gains as studios rejected a…
Singapore Q3 GDP up 0.7% y/y
SINGAPORE (Reuters) – Singapore’s economy grew faster than expected in the third quarter, preliminary government data showed on Friday. Gross domestic product (GDP) was up 0.7% in the July to September period…
Boeing, Spirit expand inspections for 737 MAX production defect
(Reuters) -Boeing and Spirit AeroSystems have expanded the scope of their ongoing inspections of a production defect affecting 737 Max 8 aircraft, Boeing said on Thursday. The planemaker in August identified a…
Surging rents lift US consumer prices; underlying inflation grinding lower
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased in September amid a surprise surge in rental costs, but a steady moderation in underlying inflation pressures supported financial market expectations that…
Australia unveils draft law to regulate digital payment providers
SYDNEY (Reuters) -The Australian government said on Wednesday it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay and Alphabet’s Google Pay. Apple…
Argentina central bank hikes key rate to 133% as inflation worsens
By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank raised the country’s benchmark interest rate to 133% from 118% on Thursday as inflation data came in worse than forecast, 10 days before…
Wall Street falls as Treasury yields rise, investors digest inflation data
By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes closed lower on Thursday after a U.S. Treasury auction sent bond yields higher while investors were already digesting data that…
California AG says he may sue to stop Kroger from buying Albertsons
By Diane Bartz WASHINGTON (Reuters) -California Attorney General Rob Bonta said on Thursday that his office was concerned about Kroger’s proposed deal to buy rival Albertsons for $24.5 billion, and may sue…
Canada regulator to make preliminary decision on Trans Mountain expansion tolls
By Ismail Shakil and Nia Williams OTTAWA (Reuters) – The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp’s proposed shipping tolls for its…
Dollar General reappoints former CEO Vasos for second stint, cuts FY23 view
(Reuters) -Dollar General on Thursday brought back former chief Todd Vasos to replace CEO Jeffery Owen less than a year after his appointment, in a move to stabilize its struggling business, sending…
LendingClub reducing 14% of workforce to ease cost pressures
(Reuters) – LendingClub is cutting 172 jobs, or 14% of its workforce, the financial services company said on Thursday, as it looks to reduce costs amid continued macroeconomic uncertainty. The Federal Reserve’s…
US electric-vehicle sales hit record high, Tesla loses market share – report
(Reuters) – Electric vehicle (EV) sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla’s market share slipped to the…
Marketmind: After US, inflation focus turns to China
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As investors digest the market and policy implications of this week’s U.S.…
SPAC to return remaining $533 million raise for Trump social media deal
By Helen Coster NEW YORK (Reuters) -Digital World Acquisition Corp, the SPAC that plans to merge with former U.S. President Donald Trump’s media and technology company, said this week it would return…
Voyager Digital co-founder sued by US regulators for fraud
By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -U.S. regulators sued the former CEO and co-founder of Voyager Digital Ltd on Thursday, saying the executive and the crypto lender misled customers…
Fed’s Powell set to speak Oct 19 ahead of blackout period
(Reuters) – Federal Reserve Chair Jerome Powell will speak on Oct. 19 before the Economic Club of New York, just before the U.S. central bank’s blackout period begins ahead of its next…
Canada news industry body backs Google’s concerns about online news law
By Ismail Shakil OTTAWA (Reuters) – A Canadian news industry body on Thursday lent support to some of Google’s concerns about a new law that aims to make large internet companies share…
How Singapore’s unique monetary policy works
By Xinghui Kok SINGAPORE (Reuters) -Singapore’s central bank has a unique method of conducting monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other…
Israel raises $200 million in bonds, debt insurance costs surge
By Libby George LONDON (Reuters) -Israel has raised $200 million from diaspora bond sales since the war with Hamas began, Israel Bonds said in a statement. The group, the government’s vehicle for…
Sam Bankman-Fried approved use of customer funds, Caroline Ellison says in recording
By Jody Godoy and Luc Cohen NEW YORK (Reuters) -Jurors at Sam Bankman-Fried’s trial heard a recording on Thursday of Caroline Ellison telling employees of his Alameda Research hedge fund that Bankman-Fried…
Dollar, yields rise, stocks fall after US consumer price data
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. Treasury yields rose and the dollar strengthened while global stock markets fell on Thursday after data showed U.S. consumer prices increased more than expected…
Big banks eyed another year of balance sheet cuts – NY Fed survey
By Michael S. Derby NEW YORK (Reuters) -The U.S. Federal Reserve has about a year left to run on its efforts to shrink its still massive stock of cash and securities, according…
Breaking News
