Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1.655 million Productivity accelerates at 3.0% rate in fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market …
US weekly jobless claims at nine-month low; productivity accelerates Read More »
LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to fix the name of CIO in the “Going Private” section to Nicoll from Nicole) The end of the easy-cash era is over and its impact yet to be felt on world markets, hopeful that the pain of aggressive rate hikes and high …
Feb 1 (Reuters) – The US Food and Drug Administration (FDA) on Wednesday removed the need for a positive test for COVID-19 treatments from Pfizer Inc (PFE.N) and Merck & Co Inc (MRK.N). Pfizer’s Paxlovid and Merck’s Lagevrio pills were given emergency use authorizations in Dec. 2021 for patients with mild-to-moderate COVID who tested positive …
US FDA removes COVID test requirements for Pfizer, Merck pills Read More »
SYDNEY, Feb 2 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still …
SEATTLE, Wash., Feb 1 (Reuters) – The Colorado River, which provides drinking water to 40 million people in seven US states, is drying up, straining a water distribution pact amid the worst drought in 12 centuries, exacerbated by climate change. California split from the six states of Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming …
US states struggle to share dwindling waters of Colorado River Read More »
Jan 31 (Reuters) – Pfizer Inc (PFE.N) on Tuesday forecast a bigger-than-expected drop in sales of its COVID-19 vaccine and treatment for 2023, intensifying investor concerns over demand for the products as governments cut orders and work through inventories. Chief Executive Albert Bourla said that 2023 should be a “transition year” for Pfizer’s COVID products, …
Pfizer sees steep 2023 fall in COVID sales, aims to bolster pipeline Read More »
McDonald’s warns of short-term inflation pressures US labor costs growth slows in fourth quarter Fed decision on interest rates on Wednesday GM up on robust forecast, Caterpillar hit by lower Q4 profit Indexes up: Nasdaq 0.48%, S&P 0.33%, Dow 0.07% Jan 31 (Reuters) – Wall Street rose on Tuesday as wage growth data indicated that …
Wall Street buoyed by easing inflation concerns ahead of Fed decision Read More »
NEW YORK, Jan 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is preparing to seek bankruptcy protection as soon as this week, and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the matter said on Monday. The timing of any bankruptcy filing was in flux …
Exclusive: Bed Bath & Beyond preparing for bankruptcy as soon as this week Read More »
Apple, Alphabet, Amazon slide ahead of earnings Fed decision on interest rates on Wednesday J&J falls after US court rejects talc-lawsuit strategy Indexes down: Dow 0.77%, S&P 500 1.3%, Nasdaq 1.96% NEW YORK, Jan 30 (Reuters) – Major US stock indexes sank on Monday, weighed down by declines in technology and other megacap shares, as …
Tech, megacaps drag Wall St to lower close as big market week kicks off Read More »
HOUSTON, Jan 30 (Reuters) – Venezuela’s state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed. PDVSA’s new Chief Executive Pedro Tellechea put the move in place this month. It reinforces …
Exclusive: Venezuela tightens oil prepayment rules Read More »
