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Category: Business

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

US weekly jobless claims fall; continuing claims hit highest level in three years

New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly three years.

Read More US weekly jobless claims fall; continuing claims hit highest level in three years
The Federal Reserve building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo

US Fed Board disciplined nine staff for sexual harassment in 2020-2023, document shows

The Federal Reserve Board received 11 complaints alleging sexual harassment between 2020 and 2023 and disciplined nine staff members as a result, firing four.

Read More US Fed Board disciplined nine staff for sexual harassment in 2020-2023, document shows
A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo

Wall Street tumbles as yields jump; Verizon slides

U.S. stock indexes sagged on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors evaluated earnings to assess the health of American companies.

Read More Wall Street tumbles as yields jump; Verizon slides
Morgan Stanley CEO James Gorman attends the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. REUTERS/Brendan McDermid/File Photo

Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair

Walt Disney named Morgan Stanley veteran James Gorman as chair and said it would announce a replacement for CEO Bob Iger in early 2026.

Read More Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair
The headquarters of Spirit AeroSystems Holdings Inc, is seen in Wichita, Kansas, U.S. December 17, 2019. REUTERS/Nick Oxford/File Photo

Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

Spirit AeroSystems will tell employees that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space

Read More Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Shoppers walk at a store during Black Friday sales in the Manhattan borough of New York City, New York, U.S., November 26, 2021. REUTERS/Jeenah Moon/File Photo

Strong discretionary spending lifts US retail sales in September

Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.

Read More Strong discretionary spending lifts US retail sales in September

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