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US

FedEx to combine delivery units as part of $4 billion cost-cut push

BY Reuters  • April 5, 2023April 5, 2023
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, in a move to slash costs and better com[...]
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Business Newsletter Updated US

Arbutus files patent lawsuit against Pfizer/BioNTech over COVID vaccines

BY Reuters  • April 4, 2023April 4, 2023
(Reuters) -Arbutus Biopharma on Tuesday sued U.S. drugmaker Pfizer Inc and its German partner BioNTech SE in a New Jersey district court, claiming their mRNA COVID-19 vaccines infringe five of Arbutus[...]
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Business Europe Newsletter Updated US

Why U.S. natural gas output keeps rising as prices sink

BY Reuters  • April 3, 2023April 3, 2023
By Scott DiSavino (Reuters) – U.S. natural gas prices last week plunged to a 30-month low, crossing below $2 per million British thermal units (mmBtu) for the second time this year, even as some[...]
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Business Economy Updated US

Fed may stick with one more rate hike even as inflation cools

BY Reuters  • March 31, 2023March 31, 2023
By Ann Saphir (Reuters) -Federal Reserve policymakers may take some comfort from data on Friday showing a key gauge of inflation cooling in February, but it’s far from clear if it marks enough h[...]
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Business Economy Newsletter Updated US

Ongoing supply shortages threaten U.S. infrastructure and war efforts

BY Reuters  • March 29, 2023March 29, 2023
By Lisa Baertlein LOS ANGELES (Reuters) – Manufacturers of everything from pickup trucks to homes are still grappling with tight supplies of microchips and cement – shortages that could tr[...]
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Business Economy Newsletter Top News Updated US

Parts of Twitter source code leaked online, court filing shows

BY Reuters  • March 27, 2023March 27, 2023
(Reuters) – Some parts of Twitter Inc’s source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, a legal[...]
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Business Newsletter Technology Updated US

High & Dry: Banking crisis to further choke funding for cannabis sector

BY Reuters  • March 24, 2023March 24, 2023
By Mrinalika Roy (Reuters) – The global banking turmoil threatens to squeeze U.S. cannabis companies already struggling with meager funding sources by drying up support from regional lenders and[...]
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Business Canada Economy Newsletter US

Tesla to deliver strong Q1 retail sales in China – brokerage data

BY Reuters  • March 21, 2023March 21, 2023
SHANGHAI (Reuters) – Tesla is poised to report one of its best quarters in China, the latest retail sales data showed, after becoming the first electric vehicle maker in the country to cut price[...]
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Asia Business Newsletter Technology Updated US

Column: Why Gen Xers and millennials should be following the U.S. Social Security debate

BY Reuters  • March 16, 2023March 16, 2023
(The opinions expressed here are those of the author, a columnist for Reuters.) By Mark Miller (Reuters) – Reforming Social Security may sound like an issue of interest mainly to older Americans[...]
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Economy Newsletter Updated US
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