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Jersey Mike’s names Betsy Mercado as first chief people officer
Manasquan, NJ – Jersey Mike’s Subs has appointed Betsy Mercado as the company’s first-ever Chief People Officer, a newly created role aimed at guiding the brand’s people strategy as it accelerates nationwide…
US stock market’s powerhouses tested by soaring bond yields
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) – Surging bond yields are rattling U.S. stocks, and some investors worry the richly valued shares of giant technology and growth companies…
US inflation outlook brightens as underlying price pressures subside
By Lucia Mutikani WASHINGTON (Reuters) – Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first time in more than…
Elon Musk’s X Corp in another legal fight over unpaid rent, this time as plaintiff
By Mike Scarcella (Reuters) – Elon Musk’s X Corp, facing its own legal claims over unpaid rent, has sued a financial services company to recoup more than $713,500 in allegedly past due…
S&P upgrades Oman to ‘BB+’ on firmer macroeconomic fundamentals
(Reuters) – S&P Global Ratings on Friday upgraded Oman’s credit ratings, stating favourable oil sector dynamics coupled with higher non-hydrocarbon sector output to sustain real economic growth over 2023-2026. S&P raised its…
Ford CEO says UAW holding labor deal ‘hostage’ over fate of battery plants
By David Shepardson WASHINGTON (Reuters) – Ford Motor Chief Executive Jim Farley on Friday accused the United Auto Workers union of holding up a new U.S. labor agreement in a bid to…
Robinhood sees $100 million costs tied to regulatory issues in third quarter
(Reuters) – Robinhood Markets expects a $100-million charge in the third quarter to resolve some legal and regulatory matters that were previously disclosed, the trading app operator said on Friday. The company…
Wells Fargo sells $2 billion of private equity investments
(Reuters) – Wells Fargo said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. Lenders have been…
Automakers say they face $14 billion in fines from Biden’s ‘unfeasible’ fuel rules
By David Shepardson WASHINGTON (Reuters) – The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in…
UK’s CMA says examining Qualcomm’s buyout of Israel’s Autotalks
(Reuters) -Britain’s antitrust regulator on Friday said it was examining whether Qualcomm’s purchase of Israeli auto-chip maker Autotalks would lessen competition in the UK market. The Competition and Markets Authority (CMA) has…
Analysis-Global bond investors fear more declines after vicious quarterly selloff
By David Randall and Yoruk Bahceli (Reuters) -Fiscal concerns and worries over a prolonged period of elevated interest rates sent government bonds tumbling in the third quarter, and some investors believe more…
Global stocks edge down with data boost fading, shutdown and quarter-end in focus
By Sinéad Carew NEW YORK (Reuters) – MSCI’S global equities ended Friday’s choppy session slightly lower as investors prepared for a likely U.S. government shutdown and adjusted portfolios for the quarter’s end.…
Factbox-US government shutdown: agriculture data hit
CHICAGO (Reuters) – The release of commodity market-sensitive reports released by the U.S. Department of Agriculture (USDA) and other government agencies will be suspended if Congress fails to provide the government with…
Colombia’s central bank holds rate at 13.25% despite government call to start cuts
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia’s central bank on Friday held the benchmark interest rate at 13.25% for the third time in a row, citing stubborn inflation that, while…
Carnival’s fuel costs overshadow better annual forecast on cruise boom
By Juveria Tabassum (Reuters) -Cruise operator Carnival narrowed its annual loss forecast and swung to a third-quarter profit thanks to higher ticket pricing and robust demand, but concerns around steep fuel costs…
Dealmakers see rebound after US activity buoys global M&A volumes
By Anirban Sen and Anousha Sakoui NEW YORK (Reuters) – Mergers and acquisitions activity globally showed few signs of improvement in the third quarter but a rebound in volumes in the United…
Biden angers all sides with scaled back offshore oil drilling plan
By Nichola Groom and Jarrett Renshaw (Reuters) -The Biden administration’s plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy…
Dollar on track for best quarter in a year
By Karen Brettell and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar was on track to post its biggest quarterly gain in a year on Friday and gains for the 11th consecutive…
UAW drops unfair labor practice charges against GM, Stellantis
(Reuters) – The United Auto Workers dropped unfair labor practice charges against General Motors and Chrysler-parent Stellantis on Friday. The union had filed the charges on Aug. 31 with the National Labor…
Fed doves, Fed hawks: US central bankers in their own words
(Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the…
US labor board says Amazon breached terms of 2021 labor rights settlement
(Reuters) – Amazon.com was accused by officials of violating the terms of a U.S. labor board settlement, breaching a 2021 agreement which required the online retailer to let workers unionize. The company…
Quebec in talks with battery, auto makers for C$15 billion in EV-related investments
By Divya Rajagopal TORONTO (Reuters) – Quebec is in talks with battery makers and automobile companies looking to invest about C$15 billion ($11 billion) in the Canadian province over the next three…
Two groups, including Apollo, bidding for SAS airline -Aftenposten
OSLO (Reuters) – Two groups of investors, including U.S. private equity group Apollo Global Management, are bidding for Scandinavian airline SAS, Norwegian daily Aftenposten reported on Friday, citing unnamed sources. It was…
Oil settles lower but ends quarter up 28% on tight global supply
By Laura Sanicola (Reuters) -Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30% in the quarter as OPEC+ production cuts squeezed global crude…
Air Canada pilots stage protests in Toronto as contract deadline looms
By Shivansh Tiwary and Wa Lone (Reuters) -Air Canada pilots staged a protest at Toronto’s Pearson Airport on Friday, demanding better pay and benefits as talks over a new contract covering 4,500…
Sigma Lithium questions reporting on Brazil mineral rights ‘injunction’
By Fabio Teixeira RIO DE JANEIRO (Reuters) – Sigma Lithium on Friday challenged a Reuters report that a Brazilian court had imposed an “injunction” on its ability to sell or mine two…
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