US weekly jobless claims fall to nine-month low; productivity speeds up

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month … Read more

Adani market losses snowball to $100 billion on discontinued stock sale

NEW DELHI, Feb 2 (Reuters) – Shares of Indian group Adani fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion share offering, deepening its market losses to over $100 billion and raising concerns about the potential systemic impact. The withdrawal of Adani Enterprises (ADEL.NS) The stock sale marked a … Read more

Analysis: Fed fuels hopes of Wall Street’s soft landing, though recession fears still linger

Feb 2 (Reuters) – A dovish-than-expected message from Federal Reserve Chairman Jerome Powell should further bolster hopes of a slowdown in rate hikes and a so-called soft landing for the economy that fueled a strong rebound in US equities. For weeks, hopes that easing inflation and slowing growth will allow the Fed to back out … Read more

Airbus and Qatar Airways settle bitter dispute over A350s

PARIS, February 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the companies announced on Wednesday, avoiding a potentially damaging lawsuit in the UK after a blistering 18-month dispute that tore the global jet market apart. The “amicable and mutually acceptable settlement” ends a $2 billion dispute over … Read more

Wall St rallies as Fed’s Powell nods to easing inflation after rate hike

The Federal Reserve raises rates by 25 basis points Powell says for the first time disinflation has started Indices up: Dow 0.02%, S&P 1.05%, Nasdaq 2% Feb 1 (Reuters) – The S&P 500 and Nasdaq closed sharply higher on Wednesday after Federal Reserve Chairman Jerome Powell acknowledged that inflation was starting to decline, in remarks … Read more

Adani drops $2.5bn share sale in big setback for Indian tycoon

NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of Adani Enterprises (ADEL.NS) The stock offering marks … Read more

Georgia House aims to ease health insurance costs for schools

House budget framers in Georgia want to shift $100 million into the state employee health plan to lessen the impact of health insurance premium increases for public school districts. On Wednesday, the House Appropriations Committee included this change in voting to approve House Bill 18. It modifies the state budget, which ends on June 30. … Read more

Adani loses Asia’s richest crown as stock rout worsens to $84bn

BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as the rout of its companies deepened to $84 billion following a U.S. report on sellers at discovered, the billionaire also losing his title of richest in Asia. the person. Wednesday’s stock losses saw Adani slip to 15th on … Read more

Nintendo, Sony and Xbox reportedly skipped E3 2023

Picture: E3 To update [Wed 1st Feb, 2023 03:45 GMT]: The Entertainment Software Association (ESA) has now provided a statement in response to The history of IGN – saying he remains committed to E3. Here it is in full: As you probably saw, IGN published an E3 article last night. While we’re unable to comment … Read more

Stocks firm, dollar on edge ahead of Fed decision

US wage growth slows, Wall Street recovers MSCI AxJ index up 0.6%; flat dollar All eyes on Fed announcement at 7:00 p.m. GMT SINGAPORE, Feb 1 (Reuters) – Asian stock markets stabilized on Wednesday as signs of a slowdown in U.S. wages bolstered hopes the Federal Reserve could hint at an end to interest rate … Read more