Apr 13, 2023
US labor market gradually losing steam; producer inflation cooling

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually easing as higher borrowing costs dampen demand in the economy.…

Apr 12, 2023
Discord says it is cooperating in probe of classified material breach

By Raphael Satter WASHINGTON (Reuters) - Instant messaging platform Discord said on Wednesday it was cooperating with U.S. law enforcement's investigation into a leak of secret U.S. documents that has grabbed attention around the world. The statement comes as questions…

Apr 12, 2023
Rodents beware: New York City hires first ‘rat czar’

By Joseph Ax (Reuters) - New York City's unending war on rats has a new commanding general. Mayor Eric Adams on Wednesday announced that Kathleen Corradi, an education department employee, has been appointed New York’s first-ever "rat czar," part of…

Apr 10, 2023
Wall Street ends mixed with inflation data, earnings on tap

By Stephen Culp NEW YORK (Reuters) - U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday's employment report and prepared for an eventful week of inflation data and bank earnings. Megacap…

Apr 07, 2023
US weighs action against Russian cybersecurity firm Kaspersky Lab -WSJ

(Reuters) - The U.S. Department of Commerce is weighing an enforcement action against Russian cybersecurity company Kaspersky Lab, the Wall Street Journal reported on Friday citing people familiar with the matter. President Joe Biden's administration is looking at an enforcement…

Apr 05, 2023
S&P 500 ends lower as recession fears take center stage

By Noel Randewich and Ankika Biswas (Reuters) - The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip…

Apr 04, 2023
Traders bet Fed won’t raise rates further as job market cools

By Lindsay Dunsmuir and Ann Saphir (Reuters) - A key gauge of labor market tightness that Federal Reserve Chair Jerome Powell has cited throughout the central bank's aggressive interest-rate hike campaign dropped to its lowest level since late 2021, a…

Apr 03, 2023
Elon Musk seeks to end $258 billion Dogecoin lawsuit

By Jonathan Stempel NEW YORK (Reuters) - Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in…

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