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News
Iran vows to retaliate after US widens sanctions
37+ min ago (740+ words) By Yasmine Ghania and David Lawder CAIRO/WASHINGTON, Aug 25 (Reuters) – Iran promised to retaliate against expanded U.S. economic sanctions that the Americans said would cut off Iran’s economic lifeline, with Tehran expressing confidence that major trading partners would resist Washington’s…...
Oil prices steady as investors weigh impact of expanded US sanctions against Iran
18+ min ago (437+ words) Aug 25 (Reuters) – Oil prices steadied on Tuesday, after falling more than 2% in the previous session, as investors assessed the impact of harsher U.S. secondary sanctions against Iran. Brent crude futures were down 9 cents, or 0.1%, at $92.16 by 0104 GMT, while U.S....
Pekin approves renewal of FLOCK technology after two-week delay
12+ min ago (377+ words) PEKIN, Ill. – Councilmen in Pekin have given the okay for the city’s police department to continue using a tool in catching criminals. By a 6-1 vote Monday night, the city council approved an annual contract with FLOCK Safety for $173,900. It will provide…...
South Korea’s SK Hynix union members reject wage agreement in vote
1+ hour, 2+ min ago (117+ words) SEOUL, Aug 25 (Reuters) – South Korean chipmaker SK Hynix’s union members on Tuesday rejected a tentative wage agreement, with just over 50% voting against the deal, according to a source familiar with the matter. A total of 50.08% of the 15,045 workers who cast…...
Shein’s stock market listing will not mask sustainability challenges
2+ hour, 28+ min ago (777+ words) By Helen Reid and Simon Jessop LONDON, Aug 25 (Reuters) – Shein is finally going public, but in a far more hostile world than when the Chinese online retail giant’s IPO journey began five years ago. The company has worked hard to…...
Australia’s No. 2 grocer Coles posts 13.7% rise in full-year profit
1+ hour, 58+ min ago (86+ words) Aug 25 (Reuters) – Australia’s Coles Group reported a 13.7% rise in annual profit on Tuesday on stable financing cost savings as well as strong margin expansion and performance in the supermarkets business. The country’s second-largest grocer reported underlying net profit income of A…...
Trading Day: Tech, tariffs & Treasuries
4+ hour, 26+ min ago (463+ words) ORLANDO, Florida, Aug 24 (Reuters) – U.S. bond yields fell and tech weighed on U.S. stocks on Monday, as investors digested a raft of economic measures and developments coming out of Washington: U.S. Treasury’s plans to increase buybacks of long-dated bonds, new…...
US SEC investigating Situational Awareness trades that led to July meltdown, source says
4+ hour, 19+ min ago (134+ words) Aug 24 (Reuters) - The U.S. Securities and Exchange Commission is investigating the timing of trades that led to steep losses at AI-focused hedge fund Situational Awareness, a source familiar with the matter told Reuters on Monday. The regula... Aug 24 (Reuters) â The…...
WestJet cabin crew approve proposed deal after strike
5+ hour ago (250+ words) Aug 24 (Reuters) - WestJet flight attendants on Monday voted to accept a tentative agreement that would boost wages by more than 18% over three years, their union said, after they held a strike that caused hundreds of cancellations earlier this month... Aug…...
Hormel Foods names former Tyson executive Ash Bhumbla as CFO
4+ hour, 40+ min ago (132+ words) Aug 24 (Reuters) – Hormel Foods on Monday appointed former Tyson Foods executive Ash Bhumbla as chief financial officer, effective September, as the Skippy peanut butter maker continues with its leadership overhaul. • Bhumbla has previously served in CFO roles for Tyson Foods…...