MTPIX

BUSINESS

Wall St slides as services data spooks investors about Fed rate hikes

U.S. service sector activity picks up in November Tesla cuts output plan for Shanghai plant for December-sources All S&P 500 sectors decline, with energy stocks hit hard Indexes down: Dow 1.4%, S&P 1.79%, Nasdaq 1.93% Dec 5 (Reuters) – U.S. markets ended Monday lower, as investors spooked by better-than-expected data from the services sector re-evaluated […]

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BUSINESS

OPEC+ keeps steady policy amid weakening economy, Russian oil cap

No discussions about Russian price cap – delegates Oil prices have come under pressure from weak economy Next meetings to take place Feb. 1 and June 3-4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact […]

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BUSINESS

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve […]

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WORLD

Putin is open to talks and diplomacy on Ukraine, Kremlin says

Putin open to talks on Ukraine Russia will not pull out of Ukraine Kremlin strikes a dovish tone Biden says prepared to speak to Putin with conditions MOSCOW, Dec 2 (Reuters) – President Vladimir Putin is open to talks on a possible settlement to the conflict in Ukraine and believes in a diplomatic solution, the […]

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ENTERTAINMENT

Twitter suspends Kanye’s account again

Dec 2 (Reuters) – Twitter Inc on Friday suspended Kanye West’s account again, just two months after it was reinstated, after its owner Elon Musk said he had violated the platform’s rules prohibiting incitement to violence. Musk, who calls himself a free speech absolutist, had welcomed the return of the rapper, now known as Ye, […]

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BUSINESS

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts […]

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BUSINESS

EU tentatively agrees $60 price cap on Russian seaborne oil

BRUSSELS, Dec 1 (Reuters) – European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil – an idea of the Group of Seven (G7) nations – with an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen […]

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BUSINESS

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets […]

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HEALTH

COVID hit HIV detection in Europe, threatens eradication progress

LONDON, Nov 30 (Reuters) – The number of people in Europe with undiagnosed HIV has risen as testing rates fell during the COVID-19 pandemic, threatening a global goal of ending the disease by 2030, a report said. The joint World Health Organization (WHO) and European Centre for Disease Prevention and Control (ECDC) report said that […]

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Latest-News

U.S. House Democrats elect Hakeem Jeffries as first Black party leader

WASHINGTON, Nov 30 (Reuters) – Hakeem Jeffries was unanimously elected on Wednesday to become the Democratic Party’s top leader in the U.S. House of Representatives beginning in January, making him the first Black American to hold such a high-ranking position in Congress. The vote by Jeffries’ fellow Democrats also marked the rise of a younger […]

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