The US labor market remains tight despite claims still reaching a 10-month high

Weekly jobless claims increased from 4,000 to 230,000 Continuing claims increased by 62,000 to 1.671 million WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits increased moderately last week, a sign of a labor market that remains tight and strong despite growing fears of a recession as the Federal Reserve struggles … Read more

Emergency call services and telecom companies urge the EU to protect telecom networks from power outages

MILAN/STOCKHOLM/PARIS (Reuters) – Europe’s top telecoms companies and an emergency services lobby on Monday urged Brussels to protect mobile and fixed-line networks from power outages, a letter seen by Reuters showed, as fears grew about the loss of communications. networks during widespread power outages. Europe is facing potential power rationing and blackouts in the aftermath … Read more

“We are not your enemies,” said South Korean truck drivers who are on strike to protect the minimum wage

AUWANG, South Korea, Dec. 5 (Reuters) – Inside five white tents outside the Uwang Container Depot near Seoul, about 200 striking truck drivers are huddled around gas heaters, trying to beat the bitter cold and the government says they are well-paid. “The labor aristocracy…” They are all fully aware of the impact their strike has … Read more

US job growth strong in November; Rising wages

Nonfarm payrolls increased 263,000 in November Unemployment rate stable at 3.7%; Participation rate drops average hourly earnings up 0.6%; 5.1% increase year-on-year WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and increased wages despite growing recession fears, but that probably won’t stop the Federal Reserve from slowing the pace of interest … Read more

Investors hope Beijing will lift COVID restrictions faster as protests dampen markets

Dozens of universities, demonstrators show civil disobedience There was no sign of new protests in Beijing and Shanghai on Monday Chinese bonds and stocks suffered huge outflows in 2023 LONDON (Reuters) – Rare protests spreading across China over Beijing’s anti-coronavirus policy may have unleashed a new wave of political uncertainty, but could also hasten the … Read more

The global oil market points to short-term weakness ahead of the EU embargo on Russian oil

NEW YORK (Reuters) – The global oil market is signaling a possible turnaround, as traders and analysts worry about lower demand for crude and an oversupply market in the coming months. After months of strength, crude oil futures are tipping to lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Exclusive: Tesla considering exporting electric vehicles from Shanghai to the US and Canada

SHANGHAI (Reuters) – Two people familiar with Tesla’s plan told Reuters that Tesla has considered plans to export electric cars made in China to the United States and Canada, a move that would connect its largest factory to North America. Its biggest market. Tesla has assessed whether its Model 3 and Model Y electric cars … Read more

Analysis: Money Before Climate. The downturn in the market spurred the emigration of the ESG Fund

NEW YORK/BOOSTON, Nov. 11 (Reuters) – ESG funds have been hit by unprecedented outflows in a market downturn, as investors prioritize preserving capital over goals such as tackling climate change. The ESG, a rating applied to financing assets currently valued at $6.5 trillion, is being tested by a drop in market values ​​fueled by concerns … Read more

FTX seeks $9.4 billion in rescue funds, Bahamas freezes some assets

(Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as CEO Sam Bankman Fried urgently seeks to rescue a cryptocurrency exchange that has been hit hard by customer withdrawals. Bankman-Fried has discussed raising $1 billion each for Tron founder Justin Sun, rival exchange OKX and … Read more