Today in the News
US employers to see biggest healthcare cost jump in a decade in 2024
By Leroy Leo and Khushi Mandowara (Reuters) - U.S. employers are bracing for the largest increase in health insurance costs in a decade next year, according forecasts from healthcare consultants, but workers may be somewhat spared this time around in a tight labor...
Fed sees tighter policy through 2024; Powell says new forecasts not pledge for action
NEW YORK (Reuters) -The Federal Reserve held interest rates steady on Wednesday but stiffened its hawkish stance, with a further rate increase projected by the end of the year and monetary policy kept significantly tighter through 2024 than previously expected. Fed...
Disney’s big parks bet worries some Wall St analysts
By Samrhitha A and Aditya Soni (Reuters) - Walt Disney's $60 billion spending plan on parks and cruises to stay ahead of growing competition has worried some Wall Street analysts with its long road to payoff. The media and entertainment giant on Tuesday unveiled a...
DoorDash, Grubhub, Uber Eats can sue NYC over fee caps
By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday said DoorDash, Grubhub and Uber Eats can sue New York City over a law capping how much they can charge restaurants for delivering meals. U.S. District Judge Gregory Woods in Manhattan said the...
US Capitol Police headquarters evacuated due to suspicious vehicle
WASHINGTON (Reuters) - The U.S. Capitol Police headquarters was evacuated and surrounding streets closed off for more than two hours on Tuesday after a report of a suspicious vehicle nearby. Capitol Police ordered the building evacuated shortly after 12:30 p.m. (1630...
CVC gears up for potential November IPO – source
By Anousha Sakoui LONDON (Reuters) - Europe's biggest private equity firm, CVC Capital Partners, is working towards a long-awaited initial public offering in November, a person familiar with the matter told Reuters on Tuesday. A final decision on timing has not been...
Tesla, Saudi Arabia in early talks for EV factory – WSJ
(Reuters) -Saudi Arabia is in early talks with U.S. electric automaker Tesla to set up a manufacturing facility in the kingdom, the Wall Street Journal reported on Monday, citing sources familiar with the matter. The report comes just hours after Turkish President...
Macy’s to hire more than 38,000 employees for holiday season
(Reuters) -Macy's said on Monday it would hire more than 38,000 full and part-time workers for the upcoming holiday season - fewer than last year - as the U.S. department store gears up for the busy shopping period. A report by Challenger, Gray & Christmas last...
China EV adviser sees tech tie-ups resolving EU trade conflicts
SHANGHAI (Reuters) - China's auto industry should seek solutions to trade conflicts by deepening ties with European peers via technology partnerships, a Chinese policy adviser said after the European Commission started a probe into China's electric vehicle subsidies....
Explainer-UAW strikes target Detroit Three automakers
(Reuters) -The United Auto Workers (UAW) union on Friday launched strikes at three U.S. auto plants after failing to reach an agreement over new contracts, the first-ever simultaneous labor action against the Detroit Three automakers. The UAW contracts at General...