Sep 07, 2022
Fed’s Mester warns high rents mean inflation may not yet have peaked

(Reuters) - The high cost of rental accommodation in the United States has not yet fully filtered through to inflation measures, suggesting inflation may still rise further, Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday "I'm not even…

Sep 06, 2022
Cryptoverse: Bitcoin’s no longer the king of the swingers

By Lisa Pauline Mattackal (Reuters) - Bitcoin's been called a lot of things. Buzzy, beguiling, baffling, even bogus. But never boring. Yet, of late, it's been eerily subdued. The king of the swingers has been uncharacteristically treading water for days…

Sep 06, 2022
Inside Tesla’s drive to keep Musk’s battery promise

By Norihiko Shirouzu and Paul Lienert (Reuters) - The secret behind Elon Musk's goal of selling 20 million Tesla's a year by 2030 lies in its pioneering battery technology. The good news is that by using bigger cells and a…

Sep 02, 2022
New York City sues Starbucks for firing union organizer

By Jonathan Stempel NEW YORK (Reuters) - A New York City agency overseeing workplace affairs said on Friday it sued Starbucks Corp because the coffee chain illegally fired a longtime barista and union organizer shortly after employees in his store…

Sep 01, 2022
Chip wreck: Nvidia sinks sector after U.S. restricts China sales

By Noel Randewich (Reuters) - U.S. chip stocks tumbled on Thursday, with the main semiconductor index down more than 3% after Nvidia and Advanced Micro Devices said U.S. officials told them to stop exporting cutting-edge processors for artificial intelligence to…