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Reuters - 1 day ago

US judge unlikely to block NLRB case pending challenge to agency's powers

US judge unlikely to block NLRB case pending challenge to agency's powers By Daniel Wiessner Sept 6 (Reuters) - A federal judge in Chicago on Friday seemed skeptical of a medical center's claim that National Labor Relations Board members and administrative judges are improperly insulated from removal by the president, an argument that has been raised in a series of cases filed this year claiming that the NLRB's structure is unconstitutional .

Reuters - 1 day ago

Wall Street stocks fall, big weekly drop as market waits for Fed to move

US STOCKS-Wall Street stocks fall, big weekly drop as market waits for Fed to move Fed's Waller says time has come to cut rates Broadcom tumbles after downbeat Q4 revenue forecast Losses in 'Magnificent Seven' pressure techs Indexes: Dow off 1.01%, S&P 500 down 1.73%, Nasdaq down 2.55% Updated to 4:10 pm By Chibuike Oguh NEW YORK, Sept 6 (Reuters) - U.S.

Reuters - 1 day ago

Wall Street stocks fall; jobs data feeds uncertainty about rate cuts

US STOCKS-Wall Street stocks fall; jobs data feeds uncertainty about rate cuts Fed's Waller says time has come to cut rates Broadcom tumbles after downbeat Q4 revenue forecast Losses in 'Magnificent Seven' pressure techs Updates to 4 pm By Chibuike Oguh NEW YORK, Sept 6 (Reuters) - U.S. stocks fell on Friday weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal Reserve will go in cutting interest rates.

Reuters - 1 day ago

Wall Street stocks fall; jobs data feeds uncertainty about rate cuts

US STOCKS-Wall Street stocks fall; jobs data feeds uncertainty about rate cuts Fed's Waller says time has come to cut rates Broadcom tumbles after downbeat Q4 revenue forecast Chip index set for biggest weekly drop since March 2020 Indexes: Dow off 1.04%, S&P 500 down 1.80%, Nasdaq down 2.62% Updates to 2:30pm By Chibuike Oguh NEW YORK, Sept 6 (Reuters) - U .S.

Reuters - 2 days ago

Dlocal appoints Carlos Menendez as chief operating officer

UPDATE 2-Dlocal appoints Carlos Menendez as chief operating officer Adds details, context Sept 6 (Reuters) - Uruguayan digital payments company dLocal DLO.O on Friday appointed Carlos Menendez as chief operating officer effective immediately, the company said in a statement. Jacobo Singer, who currently serves as COO and co-president, will stay in both roles during a transition period until Dec.

Reuters - 2 days ago

European regulators crack down on Big Tech

FACTBOX-European regulators crack down on Big Tech Rewrites to divide actions by EU regulations, adds UK probes on Alphabet and Amazon Sept 6 (Reuters) - European regulators have launched a series of investigations into Big Tech in recent years. Here are some of the actions taken: DIGITAL MARKETS ACT The European Union's Digital Markets Act (DMA) came into effect in 2022, aiming to rein in the power of Big Tech and ensure a level playing field for smaller rivals.

Reuters - 2 days ago

Amazon challenges US labor board's structure in lawsuit over union election

UPDATE 2-Amazon challenges US labor board's structure in lawsuit over union election Adds background and details beginning in paragraph 5 By Daniel Wiessner Sept 5 (Reuters) - Amazon.com AMZN.O sued a U.S. labor board on Thursday, accusing it of illegally interfering in a union election at a New York City warehouse and claiming the agency's structure violates the U.S.

Reuters - 2 days ago

Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Dollar Tree Inc DLTR.OQ +7.2% Tesla Inc TSLA.OQ +4.3% Zscaler Inc ZS.OQ +3.1% Comcast Corp CMCSA.OQ +2.7% Amazon.com Inc AMZN.OQ +2.3% Bottom Performers Percent Change Copart Inc CPRT.OQ -6.6% Old Dominion Freight Line Inc ODFL.OQ -5.4% AstraZeneca PLC AZN.OQ -3.4% Super Micro Computer Inc SMCI.OQ -3.1% Vertex Pharmaceuticals Inc VRTX.OQ -2.6% The Nasdaq 100 .NDX lost 36.77 points

Reuters - 2 days ago

Amazon challenges US labor board's structure in lawsuit over union election

Amazon challenges US labor board's structure in lawsuit over union election By Daniel Wiessner Sept 5 (Reuters) - Amazon.com AMZN.O filed a lawsuit on Thursday accusing a U.S. labor board of illegally interfering in a union election at a New York City warehouse and claiming the agency's structure violates the U.S. Constitution. The lawsuit in San Antonio, Texas, federal court seeks to block the National Labor Relations Board from deciding a case seeking to force Amazon to bargain with the union

Reuters - 2 days ago

S&P 500, Dow slip ahead of key jobs data

US STOCKS-S&P 500, Dow slip ahead of key jobs data Tesla gains on plans to launch full self-driving in Europe, China Frontier Communications falls following Verizon acquisition deal JetBlue jumps after Q3 revenue forecast Indexes mixed: Dow down 0.39%, S&P 500 down 0.16%, Nasdaq up 0.38% Updates to 2:30 p.m. EDT By Chibuike Oguh NEW YORK, Sept 5 (Reuters) - The benchmark S&P 500 index and the Dow slipped in choppy trading on Thursday after a short-lived boost from a string of economic reports fa

Reuters - 2 days ago

US calls on Big Tech to help evade online censors in Russia, Iran

REFILE-US calls on Big Tech to help evade online censors in Russia, Iran Refiles to clarify in paragraph 3 that pitch at meeting came from OTF Meeting convened to call on tech giants to grant more server bandwidth to support VPNs VPN demand in Russia and Iran has quadrupled in recent years Washington-based OTF struggles to meet demand despite increased funding from US State Department By James Pearson Sept 5 (Reuters) - The White House convened a meeting with representatives of Amazon.com AMZN.O

Reuters - 2 days ago

Wall Street edges lower as focus shifts to payrolls data

US STOCKS-Wall Street edges lower as focus shifts to payrolls data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window US weekly jobless claims decline Tesla rises on plans to launch full self-driving software JetBlue jumps after Q3 revenue forecast hike Indexes off: Dow 0.89%, S&P 500 0.55%, Nasdaq 0.07% Updated at 12:03 p.m.

Reuters - 2 days ago

Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Tesla Inc TSLA.OQ +3.2% Dollar Tree Inc DLTR.OQ +2.3% Amazon.com Inc AMZN.OQ +2.1% Comcast Corp CMCSA.OQ +1.6% Arm Holdings PLC ARM.OQ +1.2% Bottom Performers Percent Change Copart Inc CPRT.OQ -7.1% Old Dominion Freight Line Inc ODFL.OQ -6.8% AstraZeneca PLC AZN.OQ -3.5% Vertex Pharmaceuticals Inc VRTX.OQ -3.1% Regeneron Pharmaceuticals Inc REGN.OQ -3.0% The Nasdaq 100 .NDX lost 9

Reuters - 2 days ago

S&P 500, Nasdaq edge higher after services activity data

US STOCKS-S&P 500, Nasdaq edge higher after services activity data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window US weekly jobless claims decline Tesla rises on plans to launch full self-driving software JetBlue jumps after Q3 revenue forecast hike Indexes: Dow flat, S&P 500 up 0.28%, Nasdaq up 0.83% Updated at 10:11 a.m.

Reuters - 3 days ago

Amazon says exports from India-based sellers to cross $5 bln in 2024

UPDATE 1-Amazon says exports from India-based sellers to cross $5 bln in 2024 Recasts paragraph 1, adds comments from company statement By Manoj Kumar NEW DELHI, Sept 5 (Reuters) - Amazon Inc AMZN.O expects to help Indian exporters sell about $5 billion worth of small-ticket items through its platform this year in markets such as the United States and Britain, up from nearly $3 billion in 2023, a company official said.

Reuters - 3 days ago

UK retailer John Lewis to bring back 100-year old price pledge

UK retailer John Lewis to bring back 100-year old price pledge By Sarah Young LONDON, Sept 5 (Reuters) - British department store John Lewis is reintroducing its 100-year old "Never Knowingly Undersold" promise for customers on Monday, two years after it dropped it, hoping a revamped version of the price guarantee will help drive growth. The employee-owned retailer, which also operates Waitrose supermarkets, returned to annual profit in March after three difficult years, and the new head of its

Reuters - 3 days ago

Amazon plans $5 bln of small-ticket exports from India in 2024 in shift from China

Amazon plans $5 bln of small-ticket exports from India in 2024 in shift from China By Manoj Kumar NEW DELHI, Sept 5 (Reuters) - Amazon Inc AMZN.O plans to export about $5 billion of small-ticket items from India this year, up from nearly $3 billion in 2023, supplying markets such as the United States and Britain, a company official said, marking a shift away from China.

Reuters - 3 days ago

Blackstone $16 bln AI deal borrows from SPAC boom

RPT-BREAKINGVIEWS-Blackstone $16 bln AI deal borrows from SPAC boom The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Sept 5 (Reuters Breakingviews) - How does a buyer avoid paying a huge multiple for a fast-growing company in a hot sector? A group led by Blackstone BX.N appears to have managed to do so with its agreed A$24 billion ($16.1 billion) offer on Wednesday to purchase Australia-based AirTrunk, which operates data centres fo

Reuters - 3 days ago

Blackstone $16 bln AI deal borrows from SPAC boom

BREAKINGVIEWS-Blackstone $16 bln AI deal borrows from SPAC boom The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Sept 5 (Reuters Breakingviews) - How does a buyer avoid paying a huge multiple for a fast-growing company in a hot sector? A group led by Blackstone BX.N appears to have managed to do so with its agreed A$24 billion ($16.1 billion) offer on Wednesday to purchase Australia-based AirTrunk, which operates data centres for ar

Reuters - 3 days ago

British Business - Sept 5

PRESS DIGEST-British Business - Sept 5 Sept 5 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Swedish automaker Volvo Cars VOLCARb.ST scrapped its target of going all electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in its lineup at that time.

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