Financial News

By Jeffrey Dastin, Danielle Kaye and Julia Love (Reuters) – A vote by Amazon workers to organize their warehouse in New York surprised and inspired long-time labor backers, for whom …

By Hilary Russ (Reuters) -The COVID-19 pandemic, labor shortage, Black Lives Matter movement and other social and economic forces have contributed to an uptick in high-profile union organizing across the …

LOS ANGELES – The Biden administration announced on Friday a new round of export restrictions against Russia and Belarus, adding 120 entities, mostly companies with links to the military, to …

By Jeffrey Dastin (Reuters) – The road to organizing Amazon’s first union in the United States was a long one for Christian Smalls. The 33-year-old had worked at Walmart, Target …

By Aishwarya Nair (Reuters) – U.S. automakers on Friday reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains. …

BRASILIA – Brazilian President Jair Bolsonaro has decided against an additional cut in the IPI industrial tax because of questions about the legality of the measure, according to two sources …

By Marcela Ayres BRASILIA – Brazil’s central bank employees began an indefinite strike for a wage increase on Friday, threatening the stability of the wildly popular Pix instant payment system …

By Howard Schneider WASHINGTON -Fear that the war in Ukraine would tilt the U.S. economy towards a 1970s-style bout of stagflation has given way to signs that Americans plan to …

By Elizabeth Culliford (Reuters) – Facebook-owner Meta is no longer requiring employees to have COVID-19 boosters to enter its offices in the United States, a company spokesperson said on Friday. …

By Marcela Ayres BRASILIA – Brazil posted a record trade surplus for March, of $7.4 billion, official data showed on Friday, but the number was well below market forecasts amid …

By Leah Douglas (Reuters) -Two senators are joining farm groups and other lawmakers in calling on the U.S. Department of Agriculture to allow farmers to plant conserved acres this spring …

By Chuck Mikolajczak NEW YORK – The S&P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and …

By Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell worked through the weekend after Russia’s Feb. 24 invasion of Ukraine, meeting with staff on both Saturday and Sunday for …

WASHINGTON – President Joe Biden was glad to see that the voices of Amazon.com Inc workers were heard, the White House said on Friday, after warehouse workers in New York …

(This March 30 story corrects final paragraph to remove reference to oil products) FRANKFURT – Germany has activated the first stage of an emergency plan to manage gas supplies in …

(This story fixes typographical error in first paragraph of story from March 31) By Marianna Parraga and Gary McWilliams HOUSTON – U.S. oil refiner Citgo Petroleum on Thursday reported its …

By Paresh Dave BRUSSELS – EU antitrust regulators are quizzing Microsoft’s rivals and customers about its cloud business and licensing deals, a questionnaire seen by Reuters showed, in a move …

By John McCrank NEW YORK -The dollar rose on Friday, helped by robust U.S. job growth numbers for March that firmed market expectations that the Federal Reserve will increase the …

By Laura Sanicola (Reuters) -Oil settled lower on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever U.S. oil reserves release. Both Brent and …

By Howard Schneider and Dan Burns (Reuters) – The coronavirus pandemic’s grip on the U.S. job market notably loosened in March, two years after a state of emergency was declared, …

By Marwa Rashad LONDON -Europe vowed to stay united against Russia’s demand that they pay for its gas in roubles, as the threat of an imminent supply halt eased on …

By Lucia Mutikani WASHINGTON – U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, …

FRANKFURT – Christian Friege, chief executive of German photo service provider Cewe, obstructed diversity and the appointment of a woman as a board member, the company’s board of trustees said …

By Marcy de Luna HOUSTON -U.S. liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing …

By Kylie Madry MEXICO CITY -Mattel Inc top-selling toys like Mega Bloks will now be made in Mexico, as the U.S. toymaker becomes the latest company to move its supply …