Author Archives: Syndicated Content
Fed's Mester says rates need to rise "a little bit" above 5%
(Reuters) - The Federal Reserve needs to raise interest rates a "little bit" above the 5.00% to 5.25% range in order to bring inflation to heel, Cleveland Fed President Loretta Mester said on Wednesda...
Jan 18, 2023
Crypto company ConsenSys lays off 96 employees - blog
(Reuters) - Blockchain technology company ConsenSys plans to cut 11% of its workforce, or 96 jobs, according to a letter from chief executive officer Joseph Lubin on Wednesday. The job cuts will help ...
Jan 18, 2023
Davos 2023: China recovery could be very quick -IMF's Gopinath
DAVOS, Switzerland (Reuters) - China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions...
Jan 18, 2023
U.S. holiday sales miss estimates as inflation drags demand: NRF
(Reuters) - U.S. holiday sales rose by 5.3%, but fell short of estimates, as shoppers feeling the brunt of stubbornly high inflation pulled forward purchases to October when retailers offered hefty di...
Jan 18, 2023
NASA awards $425 million for Boeing fuel-efficient airliner research project
WASHINGTON (Reuters) - NASA said Wednesday it awarded $425 million to Boeing Co for the agency's "Sustainable Flight Demonstrator" project as the Biden administration works to cut aviation sector emis...
Jan 18, 2023
U.S. agency cites Amazon.com for safety hazards
NEW YORK (Reuters) -A U.S. government agency on Wednesday issued citations against Amazon.com Inc for failing to keep workers safe, after inspections at three warehouses found that workers were expose...
Jan 18, 2023
Munich Security Conference did not invite Russian government this year
BERLIN (Reuters) - Russian government officials were not invited to this year's Munich Security Conference, the man chairing the annual event that brings together the world's defence and security elit...
Jan 18, 2023
Exclusive-U.S. energy chief warns Republicans that oil bill would raise pump prices
By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) - U.S. Energy Secretary Jennifer Granholm warned Republicans in a letter seen by Reuters on Wednesday that limiting President Joe Biden's autho...
Jan 18, 2023
Changing nature of inflation prompts new inequalities, New York Fed says
(Reuters) - Asian American/Pacific Islander (AAPI) households and those with lower incomes have experienced higher inflation over the past few months as a rise in the costs of food and shelter and a f...
Jan 18, 2023
Italy committed to secure Intel investment over chip factory, minister says
MILAN (Reuters) - Italy's government is determined to secure an investment by Intel to build a chip factory in the country, the economy minister said on Wednesday. "Unfortunately, or luckily, we have ...
Jan 18, 2023
