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Restaurants’ new normal: fewer cashiers, chefs and wait staff
By Hilary Russ NEW YORK (Reuters) - Whether they are selling burgers, pizza or pancakes, major U.S. restaurant chains are short-staffed - and they expect to stay that way. To get by with their existin...
Syndicated Content Aug 29, 2022
Futures point to more selling on Wall St on rate worries
(Reuters) - U.S. stock index futures fell on Monday on worries over the Federal Reserve's plan to keep raising interest rates in its fight against inflation even at the cost of an economic slowdown. F...
Syndicated Content Aug 29, 2022
China’s Sinopec starts first carbon capture, storage facility, plans another two by 2025
SINGAPORE (Reuters) - China's Sinopec Corp said on Monday it has put into operation the country's largest carbon capture, utilisation and storage (CCUS) facility in east China, and plans to build two ...
Syndicated Content Aug 29, 2022
How industry is depending on carbon capture technology for climate goals
By Cassandra Garrison (Reuters) - Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertiliser-maker Yara's Dutch operation from ...
Syndicated Content Aug 29, 2022
Elon Musk: aims to have self-driving Teslas ready by year-end in the U.S
STAVANGER, Norway (Reuters) - Tesla founder Elon Musk said on Monday he aimed to get self-driving Teslas ready by year-end and hopes they could be in wide release in the United States and possibly in ...
Syndicated Content Aug 29, 2022
North American companies send in the robots, even as productivity slumps
By Timothy Aeppel (Reuters) - North American companies snapped up a record number of robots in the first half of this year as they struggled to keep factories and warehouses humming in the face of an ...
Syndicated Content Aug 29, 2022
Analysis-Biden’s student loan forgiveness may erase savings of climate, drugs law
By David Lawder WASHINGTON (Reuters) - President Joe Biden's controversial plan to forgive up to $20,000 in student loans for tens of millions of Americans could erase the projected $300 billion defic...
Syndicated Content Aug 29, 2022
Could Fed’s ‘softening’ labor market prediction mean 4 million lost jobs?
By Howard Schneider JACKSON HOLE, Wyo. (Reuters) - In 2019, the U.S. unemployment rate averaged 3.7% and consumer prices rose at an annual rate of around 1.8%. Fast forward to 2022, and while the unem...
Syndicated Content Aug 29, 2022
Marketmind: Powell steals summer punchbowl
A look at the day ahead in U.S. and global markets from Mike Dolan. If the Federal Reserve was irked about a premature easing of financial conditions this summer, then it's successfully shut down the ...
Syndicated Content Aug 29, 2022
Sony to buy mobile game developer in push beyond consoles
By Sam Nussey TOKYO (Reuters) - Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount as part of a major push by ...
Syndicated Content Aug 29, 2022
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