Sep 13, 2022
Biden celebrates ‘Inflation Reduction Act’ as food, rent prices climb

By Jeff Mason and Steve Holland WASHINGTON (Reuters) -President Joe Biden celebrated his climate change and drug pricing law, The Inflation Reduction Act, on Tuesday on the White House lawn, highlighting Democrats' commitment to progressive priorities even as high consumer…

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 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…

Aug 23, 2022
Cryptoverse: A mixer with your crypto cocktail?

By Lisa Pauline Mattackal (Reuters) - The DeFi dream is shaken. And stirred. The grand crypto project has declined in 2022: total user funds deposited in decentralized finance has shrunk to about $61 billion from over $170 billion at the…