Jul 01, 2022
Chip stocks hammered as Micron forecast signals waning demand

By Sayantani Ghosh (Reuters) - A handful of chipmakers including Micron and AMD have signaled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to…

Jun 30, 2022
U.S. July Fourth cookouts feel the heat of soaring food prices

By Bianca Flowers and Christopher Walljasper CHICAGO (Reuters) - Summer cookouts are getting more expensive ahead of the U.S. Independence Day holiday, forcing Americans to make tough decisions about how they celebrate. Prices for barbecue items such as hamburgers, hot…

Jun 29, 2022
Companies cut spending, jobs as outlook grows less certain

By Medha Singh (Reuters) - Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs while others are shelving projects or deals as inflation rages and confidence in the world…

Jun 27, 2022
U.S. manufacturing shows resilience despite rising interest rates

By Lucia Mutikani WASHINGTON (Reuters) - New orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter, but rising interest rates and tighter financial conditions could…

Jun 24, 2022
U.S. congressional panel calls for crackdown after ‘meme-stock’ saga

By Katanga Johnson and John McCrank WASHINGTON (Reuters) -Wall Street regulators must do more to address market risks highlighted by the "meme-stock" trading frenzy of January 2021 that pitted individual GameStop Corp investors against powerful hedge funds, a congressional report…

Jun 24, 2022
Reading the market tea-leaves for global recession risks

By Dhara Ranasinghe, Sujata Rao and Yoruk Bahceli LONDON (Reuters) - The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring market moves and data to gauge whether the world economy is headed for recession. Business…

Jun 23, 2022
U.S. complaints against airlines soar as on-time arrivals fall

By David Shepardson WASHINGTON (Reuters) -U.S. consumers lodged more than quadruple the number of complaints against U.S. airlines in April compared with pre-pandemic levels as on-time arrivals fell, according to a report Thursday. The U.S. Department of Transportation (USDOT) announced…