By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants’ appetite for risk. Call it the Goldilocks trade – a bet that the Federal Reserve…
By Valerie Volcovici (Reuters) -Countries are under pressure to make progress on a first-ever global plastics treaty this week, but they face tense negotiations in the Canadian capital with parties deeply divided over what the treaty should include as talks begin on Tuesday. If governments can agree on a legally binding treaty that addresses not…
(Reuters) – Walmart will, for the first time ever, pay bonuses to its U.S. hourly store workers, including those at its pharmacy and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line staff. Both part-time and full-time associates will be eligible for the annual bonus program,…
By Timothy Gardner WASHINGTON (Reuters) – The United States could revive some of its recently retired nuclear power plants to help meet rising demand for zero-emissions electricity, or add reactors to existing sites, Energy Secretary Jennifer Granholm said in an interview. The administration of President Joe Biden believes nuclear power is critical to meeting greenhouse…
FRANKFURT (Reuters) -Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history. Operating profit in the first three months of 2024 came in at 1.28 billion euros ($1.37 billion), in line with an LSEG estimate,…
(Reuters) -The Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has agreed to testify voluntarily in a hearing focusing on U.S. prices for weight loss drugs Ozempic and Wegovy. A U.S. Senate health panel vote that was scheduled for its June 18 meeting, to decide whether…
(Reuters) – The latest U.S. payrolls report did little to settle the debate about where the job market is headed, with ample fodder for both “soft-landing” believers and doubters over whether the Federal Reserve can tame inflation without sending millions of workers onto the jobless rolls. True, the “blowout” gain of 272,000 jobs in May…
(Reuters) – Ford Motor is considering offering gas-powered vehicles and hybrids beyond 2030 in Europe, a change from its initial plan for an all-electric lineup in the region, the Detroit automaker said on Thursday. The company had in 2021 outlined plans for an all electric lineup for Europe by the end of the decade. “As…
(Deletes extraneous words ‘has been’ in paragraph 8) MILWAUKEE (Reuters) – Ohio U.S. Senator J.D. Vance, Donald Trump’s new running mate, has embraced trade barriers, isolationism and social conservatism, issues that have proven popular with much of Trump’s mostly white, working-class base. Some of those same stances, however, risk turning off moderate voters and major…
(Reuters) -Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its automotive and industrial chips after a prolonged slump, sending its shares up nearly 6% in premarket trading. The company expects revenue of $2.27 billion, plus or minus $100 million, compared with estimates of $2.16 billion,…
