Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
Daily Trader Insights (Reuters) – The Federal Reserve cut interest rates by half of a percentage point on...
Teamsters will not endorse any US presidential candidate in 2024
WASHINGTON (Reuters) – The Teamsters union’s executive board said Wednesday the union will not endorse...
Walmart’s Sam’s Club to raise hourly pay for 100,000 workers from November
(Reuters) – Walmart-owned Sam’s Club said on Tuesday it would raise average hourly wages for...
Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says
By Alun John LONDON (Reuters) – Market expectations of substantial U.S. rate cuts this year...
Intel’s Amazon chip deal lifts investor confidence in money-losing foundry unit
(Reuters) – Intel shares jumped 7% before the bell on Tuesday, as a chip-making deal...
Sahm rule creator sees 50-bps Fed rate cut on labor market worries
By Bansari Mayur Kamdar (Reuters) – The U.S. economy is not in a recession but...
Target to hire 100,000 seasonal workers for holiday season
(Reuters) -Target said on Monday that it would hire about 100,000 seasonal employees, in-line with...
Boeing imposes hiring freeze, takes steps to conserve cash after strike starts
WASHINGTON (Reuters) – Boeing is pausing hiring and taking sweeping steps to conserve cash after...
J&J gets $260 million talc verdict overturned in Oregon, new trial ordered
By Brendan Pierson (Reuters) – An Oregon judge has overturned a $260 million verdict against...
Adobe shares slump as weak earnings forecast sparks fears of delayed AI gains
(Reuters) -Shares of Adobe fell nearly 10% on Friday, after the Photoshop maker’s disappointing quarterly...