By Sabrina Valle and Arathy Somasekhar HOUSTON (Reuters) -Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at $59.5 billion that would make it the biggest pro[...]
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Newsletter
PepsiCo aims to raise prices as steady demand spurs 2023 profit forecast lift
By Ananya Mariam Rajesh (Reuters) -PepsiCo Inc said on Tuesday it planned “modest” price hikes next year as demand held up despite multiple increases that prompted the snacks and beverages[...]
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Fed’s Bowman says it will likely be appropriate to raise rates again
(Reuters) – Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite “considerable” progress in lowering it, and the U.S[...]
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Exclusive-US-China tech war: RISC-V chip technology emerges as new battleground
By Stephen Nellis and Max A. Cherney (Reuters) – In a new front in the U.S.-China tech war, President Joe Biden’s administration is facing pressure from some lawmakers to restrict American[...]
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US employers announce fewer layoffs in September, report shows
By Amina Niasse NEW YORK (Reuters) – U.S. employers dialed back their planned job cuts in September, especially in the warehousing sector, but workforce reduction intentions were higher on a yea[...]
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As US election looms, investors fear for fiscal peace :Mike Dolan
By Mike Dolan LONDON (Reuters) -Thirteen months is often too distant an horizon for financial markets to focus on, but uncertainties surrounding 2024’s U.S. Presidential election are becoming di[...]
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Spice maker McCormick lifts profit forecast as higher prices cushion weaker demand
(Reuters) – McCormick on Tuesday raised its annual profit forecast as it expects higher prices for its spices and condiments to make up for slowing demand and a sluggish recovery in China The Ch[...]
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Beyonce’s concert film to be distributed globally by AMC
(Reuters) – A film based on U.S. pop star Beyonce’s hit “Renaissance World Tour” is set to be distributed globally by a unit of AMC Entertainment, the company said, as cinema c[...]
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Tesla sued by US agency over alleged harassment of Black factory workers
By Daniel Wiessner (Reuters) -A U.S. civil rights agency sued Tesla Inc on Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, Californ[...]
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