Category Archives:
U.S. weekly jobless claims jump to highest level since late 2021
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits jumped last week to the highest level since late 2021, suggesting that higher interest rates were starting to weig...
May 11, 2023
Space startup partners with SpaceX to launch commercial space station
By Joey Roulette WASHINGTON (Reuters) - Vast, a startup backed by cryptocurrency billionaire Jed McCaleb, is aiming to launch a school bus-sized space station to orbit by late 2025 with some help from...
May 11, 2023
Hindenburg shorts Icahn Enterprises bonds as battle with billionaire heats up
(Reuters) -Short seller Hindenburg Research on Thursday initiated a short position in Icahn Enterprises LP bonds and said the investment firm led by billionaire Carl Icahn has failed to address every ...
May 11, 2023
Deposit outflows after SVB collapse concentrated among “super-regionals” – NY Fed study
WASHINGTON (Reuters) - The shuffling of bank deposits following the collapse of Silicon Valley Bank, which triggered concerns about a broader crisis, was largely confined to "super regional" instituti...
May 11, 2023
Canada’s Absolute Software to be bought by Crosspoint Capital for $657 million
(Reuters) -Canada's Absolute Software said on Thursday it had agreed to be taken private by Crosspoint Capital Partners for $657 million, extending a recent trend of private equity firms snapping up c...
May 11, 2023
Labor unions ask UN body to probe Starbucks’ use of legal loopholes
By Hilary Russ NEW YORK (Reuters) - Labor unions on Thursday asked a United Nations agency to investigate whether gaps in U.S. law have allowed Starbucks Corp to allegedly violate the rights of barist...
May 11, 2023
Italy wrestles with antitrust loophole that could save Amazon a packet
By Alvise Armellini ROME (Reuters) - Italy's competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade antitrust fines and may help Amazon in an ongoing...
May 11, 2023
Disney shares fall on jitters over streaming subscriber losses
(Reuters) - Walt Disney Co shares fell 5% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company's success in stemming losses at the unit may b...
May 11, 2023
Volvo Cars delays EX90 production start
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%...
May 11, 2023
Spain to spend 2.2 billion euros to alleviate drought impact
MADRID (Reuters) - The Spanish government has earmarked a total of 2.19 billion euros ($2.41 billion) to help alleviate the impact of a prolonged and worsening drought in the country, Environment Mini...
May 11, 2023
Peoria, IL, USA
50 °F Partly cloudy
