Business News

By Timothy Aeppel (Reuters) – North American companies struggling to hire workers in the tightest labor market in decades brought on more robots last year than ever before, with many …

(Recasts, adds new comment, U.S. data, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained on Friday as investors grew concerned about a U.S. inflation report next …

By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker said on Friday the surprisingly strong jobs data reported last week did not alter his view …

By Akash Sriram and Aditya Soni (Reuters) -Lyft Inc lost more than a third of its market value on Friday after a bleak forecast fueled worries that the company’s price …

By David Lawder WASHINGTON (Reuters) -The U.S. government posted a $39 billion budget deficit for January after a $119 billion monthly surplus a year earlier, as revenues dipped and one-time …

By Tanvi Mehta, Scott Murdoch and Rodrigo Campos NEW DELHI/SYDNEY/NEW YORK (Reuters) – Moody’s downgraded on Friday the ratings outlook for some Adani Group companies, while MSCI said it would …

By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next …

By Mica Rosenberg, Kristina Cooke and Joshua Schneyer NEW YORK (Reuters) -Thirty-three members of Congress are urging the U.S. Labor Secretary to seek strong and swift penalties against those responsible …

By Balazs Koranyi ZAGREB (Reuters) – The European Central Bank needs to keep raising rates beyond March and must hold them at high levels for a while even as inflation …

By Ross Kerber (Reuters) – Well-known Tesla Inc investor Ross Gerber said on Friday he plans to notify the electric carmaker that he will run for its board of directors, …

By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya, who is seen as a top contender to become next central bank chief, said on Friday …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. monthly consumer prices rose in December instead of falling as previously estimated and data for the prior two months was also revised up, …

By Jayshree P Upadhyay, Sarita Chaganti Singh and Devjyot Ghoshal MUMBAI/NEW DELHI (Reuters) -India’s market regulator is investigating Adani Group’s links to some of the investors in the conglomerate’s aborted …

By Isabel Woodford and Marion Giraldo (Reuters) -Peru’s economy and inflation have likely been hit by the ongoing social upheaval that has rocked the Andean nation since December, early indications …

(Reuters) -Ford Motor Co has cut its stake in Rivian Automotive Inc to 1.15%, as part of a plan to scale down its holdings in the electric-vehicle maker. Ford, which …

By Hannah Lang and Elizabeth Howcroft (Reuters) – Crypto companies offering their customers eye-popping yields through so-called “staking” products are earning the ire of the U.S. securities regulator who says …

By Corina Pons MADRID (Reuters) -Inditex’s shares slid on Friday after the world’s biggest fast fashion retailer agreed an inflation-beating 20% rise in average wages for shop workers in the …

ZURICH (Reuters) – Credit Suisse’s senior management has lost the confidence of investors after revealing cash outflows had persisted despite signalling they had stabilised, one of Germany’s top investment managers …

By David Shepardson (Reuters) -A U.S. judge in Texas on Thursday denied a legal bid by families of the victims of two Boeing 737 MAX crashes to reopen or reject …

By Siddharth Cavale and Jessica DiNapoli NEW YORK (Reuters) -Walmart Inc is warning major packaged goods makers that it can no longer stomach their price hikes, pitching its own private-label …

By Ankit Kumar (Reuters) – Canada’s Aurora Cannabis Inc would be open to undertake more merger and acquisition deals in the future to expand its medical cannabis business, the company’s …

By David Lawder WASHINGTON (Reuters) – Canada must let U.S. processors of cheese, ice cream, yogurt, milk powder and other dairy products have access to its import quotas to resolve …

(Reuters) -ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. “We welcome ValueAct as an …

By Hyunsu Yim and Joyce Lee SEOUL (Reuters) -HYBE, manager of South Korean boy band BTS, announced a deal on Friday to buy a 14.8% stake in rival SM Entertainment …

TORONTO (Reuters) – Home sales and prices in the Greater Toronto Area (GTA) are set to fall in 2023 as higher borrowing costs weigh on the market but improvement is …