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MEXICO CITY (Reuters) – Mexican headline inflation likely ticked up in the first half of April as core inflation eased, a Reuters poll showed on Tuesday, boosting expectations that Mexico’s central bank will hold its benchmark interest rate at its next monetary policy meeting. A…
The Federal Trade Commission on Tuesday voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. Such a ban could affect tens of millions of workers. President Joe Biden soon after the announcement said, “the FTC is cracking down on ‘non-compete agreements,’ contracts that employers use…
US S&P PMI figures from April came in softer than expected and made markets dump the USD. Hawkish bets and high US Treasury yields may limit the downside for the USD. All eyes are set on PCE and GDP data on Thursday and Friday. The US Dollar Index (DXY) is…
The SEC asked a New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon to resolve the civil fraud case against them. The regulator says the fines are a “conservative” but “reasonable approximation” of Terraform and Kwon’s “ill-gotten gains” from the fraud. The U.S. Securities…
Tesla is eliminating 3,332 jobs across the state of California, and 2,688 jobs in Austin, Texas, according to Worker Adjustment and Retraining Notification (WARN) Act letters and notices filed in both states.The layoffs are part of a broader restructuring that the electric vehicle maker announced last week.In 2021, Tesla CEO…
E.W. Scripps, one of the largest local TV broadcasters in the U.S., has hired a financial advisor to evaluate inbound interest in acquiring Bounce TV, its over-the-air network geared toward African Americans, according to Scripps CEO Adam Symson.The sale process comes after Paramount Global shopped around Black entertainment company BET…
A new social media trend is urging users to “look between” certain…
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By Nora EckertDETROIT (Reuters) – United Auto Workers (UAW) President Shawn Fain…
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UBS noted a shift in sentiment among option market players regarding palladium…
POLITICS
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The Biden administration is preparing a new aid package for Ukraine that is expected to be worth around $1 billion, multiple sources familiar with the matter told CNN, and is set to be approved by President Joe Biden after the Senate passes a new foreign aid funding bill as soon as Tuesday afternoon. In briefings to Congress in recent weeks, administration officials have indicated that the US will likely send Ukraine long-range ATACMS, or Army Tactical Missile Systems, for the first time as part of the new aid package, three of the sources said. Ukrainian officials have been asking the US both in private and in public for the long-range missile to target deeper behind Russian…
CNN correspondent says Trump’s gag order hearing was a ‘disaster’ Judge Juan Merchan had a heated exchange with Donald Trump’s lawyer Todd Blanche in a hearing about whether Trump’s social…
Documents found on a North Korean server suggest US studios may have unknowingly outsourced animation work Images and video found on a North Korean server and shared with CNN appear…
While speaking to reporters before heading into court, former President Donald Trump said that the amount of security surrounding the courthouse, where his hush money trial is underway, is preventing…
Markets
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Palantir has taken an unusual approach to sales, traditionally avoiding hiring a large salesforce.It’s been putting on boot camps to…
Finance
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Karen Edwards has traveled to 93 countries, and 57 of them have been with her young children.Edwards said that her family has had more fun exploring…
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Google has fired an additional 20 workers that it says were involved in protests last week over the company’s cloud-computing contract with the Israeli government, bringing the total number of workers fired to 50, according to the group organizing the demonstrations. No Tech for Apartheid, the organizers of the protest…
Economy
By Jamie McGeeverORLANDO, Florida (Reuters) – History suggests Wall Street’s recent 5%…
Fintech
If you’re in your 40s and have over $40,000 saved for retirement,…
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