(Reuters) -The United Auto Workers (UAW) union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler parent Stellantis on Friday, kicking off the most ambitious U[...]
Read moreUpdated
Argentina inflation hits 124% as cost-of-living crisis sharpens
By Miguel Lo Bianco and Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s annual inflation rate shot up to 124.4% in August and hit its highest level since 1991, stoking a painful cost-of-living[...]
Read moreAnalysis-For retail investors, jumping on Arm’s blockbuster IPO is a risky business
By Noel Randewich and Hannah Lang (Reuters) -Retail traders getting their first bite at Arm Holdings’ highly anticipated public offering when the British chip designer begins trading this week s[...]
Read moreRoark Capital to buy sandwich chain Subway for up to $9.55 billion -sources
(This Aug. 24 story has been corrected to add that Barclays co-led the financing in paragraph 20) By Abigail Summerville, Anirban Sen and Deborah Mary Sophia NEW YORK (Reuters) – Private equity[...]
Read moreDollar rises to six-month high after US data; weak yen prompts warning
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar climbed to a six-month peak on Wednesday, reversing earlier losses, after U.S. data showed the services sector surprisingly picked up[...]
Read moreUS summer lull yields a ‘soft-landing’ data trove for Fed
By Howard Schneider WASHINGTON (Reuters) -Data since the Federal Reserve’s last policy meeting has added to the impression the U.S. economy is cooling without cracking, likely bolstering the cas[...]
Read moreSwedish EV maker Polestar’s loss narrows as supply chain snags ease
By Marie Mannes STOCKHOLM (Reuters) -Swedish electric vehicle (EV) maker Polestar’s operating loss narrowed in the second quarter as the auto industry slowly recovers from pandemic-related suppl[...]
Read moreExplainer-Why is France struggling to lower supermarket prices?
PARIS (Reuters) – Finance Minister Bruno Le Maire is meeting France’s top supermarkets and their suppliers on Wednesday and Thursday to try to persuade them to accelerate price cuts as sho[...]
Read moreU.S. banks to raise $70 billion in debt under draft rules aimed at mitigating failures
By Pete Schroeder WASHINGTON (Reuters) -Large regional banks would have to issue roughly $70 billion in fresh debt under a new rule proposed Tuesday by U.S. banking regulators, part of a broader effor[...]
Read more