Business

  • Weak US Economic Data Weighs on Global Market
    Weak_us_economic_data_weighs_on_global_market 2019-10-03 16:56:45 UTC
    NEW YORK (Reuters) - Weaker-than-expected U.S. economic data weighed on global financial markets on Thursday, leaving world equity benchmarks bouncing in choppy trading and sending investors into safe-haven assets on expectations of further Federal Reserve interest rate cuts. The drop in the c...

  • Attacks on Saudi Oil Field Knock Out Half of Its Output
    Attacks_on_saudi_oil_facilities_knock_out_more_than_half_of_its_output 2019-09-15 07:21:05 UTC
    RIYADH/DUBAI/LONDON (Reuters) - Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East. The a...

  • Recession Fears Escalate
    Stock_market_-_wall_street_stumbled 2019-08-14 19:02:04 UTC
    NEW YORK (Reuters) - Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major U.S. indexes were sharply lower as short- and long-dated Treasury yields inverted for the firs...

  • Russia Asks Google to Stop Advertising “Illegal Mass Events”
    Russia_asks_google_to_stop_advertising_%e2%80%9cillegal_mass_events%e2%80%9d 2019-08-11 16:07:42 UTC
    MOSCOW (Reuters) - Russia’s state communications watchdog said on Sunday it had asked Google to stop advertising “illegal mass events” on its YouTube video platform. Tens of thousands of Russians staged what observers called the country’s biggest political protest for eight years on Saturday, ...

  • No-Deal Brexit Would Cause Severe Damage to UK
    No-deal_brexit_would_cause_severe_damage_to_uk 2019-07-29 03:42:16 UTC
    A no-deal Brexit would cause “severe” damage to UK businesses, according to the Confederation of British Industry (CBI). Carolyn Fairbairn, director general of the lobby group, told BBC that quitting the EU without an agreement should be an option “that is not even considered”. Claims that fir...

  • Steve Jobs Design Chief to Start Own Firm
    Jony_ive-_steve_jobs_design_chief_to_start_own_firm 2019-06-28 00:58:11 UTC
    (Reuters) - Jony Ive, a close creative collaborator with Apple Inc co-founder Steve Jobs whose iPhone and other designs fueled Apple’s rise to become a $1 trillion company, will leave later this year to form an independent design company. Apple said Ive will continue work on its products at hi...

  • Euro Hits Three-Month High Against US Dollar
    Euro_jumps_to_three-_week_high_against_the_dollar 2019-06-24 04:00:44 UTC
    TOKYO (Reuters) - The euro rose to a three-month high against the dollar on Monday, as bearish bets on the U.S. currency remained solid on prospects of a near-term interest rate cut by the Federal Reserve. The euro stretched its rally last week, up 1.4%, and advanced about 0.15% to $1.1386 in ...

  • US Weekly Jobless Claims Rise; Imported Inflation Weak
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers 2019-06-13 18:19:18 UTC
    WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. Other data on Thursday showed import prices fell by the most in f...

  • Hunt for Shoppers: Luxury Brands Raising Stakes on Instagram
    Hunt_for_shoppers-_luxury_brands_raising_the_stakes_on_instagram 2019-06-07 16:10:35 UTC
    PARIS (Reuters) - Big-spending luxury brands like Gucci, Louis Vuitton and Christian Dior are splashing out on everything from dance-fuelled fashion shows to teams of advisers as they target social media platforms in the hunt for young shoppers. Without the entry barriers of magazine advertisi...

  • Toyota Speeds Up Electric Vehicle Schedule
    Toyota_speeds_up_electric_vehicle_schedule_ 2019-06-07 15:52:16 UTC
    TOKYO (Reuters) - Toyota Motor Corp aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars. The change illustrates the breakneck growth in the ele...

  • Apple wants its login button above Google and Facebook
    Apple_wants_its_login_button_above_google_and_facebook 2019-06-05 05:23:38 UTC
    (Reuters) - Apple Inc will ask developers to position a new “Sign on with Apple” button in iPhone and iPad apps above rival buttons from Alphabet Inc’s Google and Facebook Inc, according to design guidelines released this week. The move to give Apple prime placement is significant because user...

  • Elon Musk Says Tesla deliveries Set to Top Record
    Elon_musk_says_tesla_deliveries_set_to_top_record 2019-05-23 15:41:53 UTC
    (Reuters) - Tesla Inc is on course to top its record for quarterly deliveries in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an email from Chief Executive Officer Elon Musk to staff. Musk’s email, widely posted on social media and...

  • Dutchman Travels Across 33 Countries on Electric Car
    Dutchman_travels_across_33_countries_on_electric_car 2019-04-18 22:49:36 UTC
    Dutchman Wiebe Wakker on Sunday ended a 95,000 kilometer (59,000 mile) electric car journey that he hoped would show the world the viability of such vehicles. Wakker arrived in the eastern Australian city of Sydney after driving his retrofitted station wagon nicknamed "The Blue Bandit" across 33...

  • Restaurant Dishes Labeled Gluten-Free Often Are Not
    Restaurant_dishes_labeled_gluten-free_often_are_not 2019-04-02 22:07:57 UTC
    For people with celiac disease, even tiny amounts of gluten in foods can cause trouble, and restaurants may be the hardest places to avoid the hidden protein, a U.S. study suggests. More than half of gluten-free pizza and pasta dishes tested in restaurants were positive for the presence of glu...

  • Oil Prices Continue to Rise Amid OPEC-Led Supply Cuts
    Oil_prices_rose__lifted_by_a_weak_dollar 2019-04-02 21:38:57 UTC
    NEW YORK (Reuters) - Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a session peak at $69.52 ...

  • Brexit: EU Prepares For a 'No-Deal' Scenario
    Brexit-_eu_prepares_for_a_'no-deal'_scenario 2019-03-29 20:39:59 UTC
    Theresa May's exit deal failed by 58 votes, and April 12 beckons as a new exit date for the UK out of the EU. More indicative votes are on the table, as the EU prepares for a 'no-deal' scenario. LONDON (Reuters) - Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on ...

  • U.S. Judge Approves Bankruptcy Loan for PG&E
    Us_utility_company_pg_e_is_exploring_filing_for_bankruptcy 2019-03-27 18:31:51 UTC
    SAN FRANCISCO (Reuters) - Bankrupt California power provider PG&E Corp won court approval on Wednesday for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. San Francisco-based PG&E filed for Chapter...

  • Chinese Company to Sell Popular Dating App Grindr
    Chinese_company_to_sell_the_popular_dating_app_grindr 2019-03-27 17:54:06 UTC
    (Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter. The Committee on F...

  • Wall Street Bogged Down by Global Growth Worries
    What_is_a_point_on_the_new_york_stock_exchange_ 2019-03-27 17:53:13 UTC
    (Reuters) - Fears of a global economic slowdown weighed on Wall Street’s main indexes on Wednesday, and along with a prolonged inversion in the U.S. yield curve kept investors at bay. Apple Inc was a bright spot, rising 1.23 percent after three straight days of losses. The benchmark 10-year...

  • Scientists' evidence for man-made global warming hits 'gold standard'
    Alarming_research_finds_global_warming_is_accelerating_sea_level_rise 2019-02-25 18:33:18 UTC
    OSLO (Reuters) - Evidence for man-made global warming has reached a “gold standard” level of certainty, adding pressure for cuts in greenhouse gases to limit rising temperatures, scientists said on Monday. “Humanity cannot afford to ignore such clear signals,” the U.S.-led team wrote in the jo...

  • The segregation-era road-trip drama “Green Book” wins best picture at Oscars
    The_segregation-era_road-trip_drama_%e2%80%9cgreen_book%e2%80%9d_wins_best_picture_at_oscars 2019-02-25 04:57:11 UTC
    LOS ANGELES (AP) — The segregation-era road-trip drama “Green Book” was crowned best picture at the Academy Awards, handing Hollywood’s top award to a film seen as a feel-good throwback to some but ridiculed as an outdated inversion of “Driving Miss Daisy” by others. In a year where Hollywood ...

  • Oscars winners 2019: The full list of winners
    Oscars_winners_2019-_the_full_list_of_winners 2019-02-25 04:32:29 UTC
    Los Angeles — Sunday night’s Oscars marked a record-breaking year for recognizing the achievement of black artists. Shattering a record set in 2017, the 91st Academy Awards bestowed trophies to seven black winners in six categories. The following is a list of nominees and the winners: ...

  • Buffett rebukes Trump for taking credit for US economic growth
    Buffett_rebukes_trump_for_taking_credit_for_us_economic_growth 2019-02-23 19:58:52 UTC
    (Reuters) - Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. Buffett lamented th...

  • Democrats pursue subpoenas on US migrant family separation policy
    Fuck_you_melanie__you_feckless_piece_of_shit'-_kathy_griffin_goes_on_shocking_tirade_against_first_lady_and_demands_she_stops_her_husband_from_separating_immigrant_families 2019-02-23 19:35:34 UTC
    WASHINGTON (Reuters) - In what is likely to be their first public use of subpoena power since taking over the U.S. House of Representatives in January, Democrats were set to vote on Tuesday on subpoenaing documents on the Trump administration’s migrant family separation policy. If approved, th...

  • Sanders to Ask Why Drug, Once Free, Now Costs $375k
    Bernie_sanders 2019-02-04 16:47:41 UTC
    WASHINGTON (Reuters) - U.S. Senator Bernie Sanders sent a letter to Catalyst Pharmaceuticals on Monday asking it to justify its decision to charge $375,000 annually for a medication that for years has been available to patients for free. The drug, Firdapse, is used to treat Lambert-Eaton Myast...