CYCS08

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims Read More »

US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market remains tight despite continued claims hitting 10-month high

Weekly jobless claims rise by 4,000 to 230,000 Continuing claims rise by 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the Reserve federal government is …

US labor market remains tight despite continued claims hitting 10-month high Read More »

US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market shrugs off recession fears; keeps the Fed on a tightening path

Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …

US labor market shrugs off recession fears; keeps the Fed on a tightening path Read More »

Musk delivers first Tesla truck, but no updates on production, pricing

Musk delivers first Tesla truck, but no updates on production, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on electric truck controls or capacity Semi uses existing Tesla motors to come up with a new Supercharger Dec 1 (Reuters) – Tesla Inc’s (TSLA.O) chief executive Elon Musk delivered the company’s first heavy-duty to PepsiCo (PEP.O) on Thursday without offering an …

Musk delivers first Tesla truck, but no updates on production, pricing Read More »

Exclusive: Tesla readying revamped Model 3 with 'Highland' project - sources

Exclusive: Tesla readying revamped Model 3 with ‘Highland’ project – sources

Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of the Model 3, according to four people familiar with the effort, as the major electric vehicle maker aims to cut production costs and boost the appeal of the five-year model. – old electric sedan. One of the goals of the redesign codenamed “Highland” …

Exclusive: Tesla readying revamped Model 3 with ‘Highland’ project – sources Read More »

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest Read More »

The Italian government approves the 2023 budget with 35 billion euros to revive the economy

The Italian government approves the 2023 budget with 35 billion euros to revive the economy

Budget finds more than 21 billion euros to bring energy bills under control Taxes additional profits of energy companies at 35% Includes amnesty on tax arrears, reduction of retirement age Relaunches the bridge project linking Sicily to the mainland ROME, Nov 22 (Reuters) – Italy’s new right-wing government on Tuesday approved its first budget, a …

The Italian government approves the 2023 budget with 35 billion euros to revive the economy Read More »

Tesla safety at center of South Korean lawsuit over fatal crash

Tesla safety at center of South Korean lawsuit over fatal crash

SEOUL, Nov 21 (Reuters) – Two years ago, in an upscale Seoul neighborhood, a white Tesla Model X slammed into the wall of a parking lot. The fire accident killed a prominent lawyer – a close friend of the South Korean president. Prosecutors have charged the driver with manslaughter. He blames Tesla. Choi Woan-jong, who …

Tesla safety at center of South Korean lawsuit over fatal crash Read More »

Elon Musk launches Twitter poll on whether to bring Trump back

Elon Musk launches Twitter poll on whether to bring Trump back

Nov 18 (Reuters) – Elon Musk launched a Twitter poll on Friday evening asking his followers to vote on whether to restore former U.S. President Donald Trump’s account on the platform, with initial results showing around 60 % of votes yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly translates to “the …

Elon Musk launches Twitter poll on whether to bring Trump back Read More »