Oil up about $ 2 / bbl as supply outages outweigh recession fears

Oil up about $ 2 / bbl as supply outages outweigh recession fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS / Angus Mordant / Register now for FREE unlimited access to Reuters.com Register US manufacturing sector slows in June -ISM OPEC + sticks to oil output policy, avoids debate on … Read more

Exclusive: Meta slashes hiring plans, girds for ‘fierce’ headwinds

June 30 (Reuters) – Facebook-owner Meta Platforms Inc (META.O) has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn . “If I had to bet, I’d say that this might be one of the worst … Read more

S&P 500 closes the book on its steepest first-half slide since 1970

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US May consumer spending rises moderately; inflation stays hot Nasdaq notches biggest-ever Jan-June percentage drop Indexes down: Dow 0.82%, S&P 0.88%, … Read more

US consumer spending, underlying inflation slow in May

Consumer spending increases 0.2% in May Inflation adjusted consumers spending drops 0.4% Core PCE price index rises 0.3%; up 4.7% year-on-year Weekly jobless claims fall 2,000 to 231,000 WASHINGTON, June 30 (Reuters) – US consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of … Read more

S&P 500 limps to slightly lower close as quarter-end looms

US economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered … Read more

Inflation saps US consumer confidence; house prices remain elevated

Consumer confidence index falls 4.5 points to 98.7 in June Goods trade deficit falls 2.2% to $ 104.3 bln in May Exports increase 1.2%; imports dip 0.1% Wholesale inventories rise 2.0; retail stocks up 1.1% House prices increase in April, but pace slowing WASHINGTON, June 28 (Reuters) – US consumer confidence dropped to a 16-month … Read more

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programs. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a … Read more

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS / Dado Ruvic / File Photo Register now for FREE unlimited access to Reuters.com Register June 28 (Reuters) – Investors in ether and its troubled twin stETH are nervously anticipating a … Read more

Spain turns to Africa, lobbies NATO, allies over Ukraine-driven migration

Spain hosts NATO summit this week Spain likely to push for more shared intelligence, sources Families making dangerous crossings from Africa to Canaries Morocco clamping down on migration after deal with Spain Migrant deaths in Melilla highlight dangers, NGOs say MADRID / LAS PALMAS, June 27 (Reuters) – Spain is shifting its foreign policy towards … Read more

Legal clashes await US companies covering workers’ abortion costs

June 27 (Reuters) – A growing number of large US companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal experts said . Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Lyft Inc … Read more