North Korea fires volley of missiles, Japan condemns provocation

SEOUL, June 5 (Reuters) – North Korea fired eight short-range ballistic missiles towards the sea off its east coast on Sunday, likely its largest single test, a day after South Korea and the United States endedjoint military drills. The bilateral exercises involved an American aircraft carrier for the first time in more than four years. … Read more

Exxon exodus turns floating ‘cube’ into Internet meme

HOUSTON, Oct 4 (Reuters) – Exxon Mobil’s trophy US campus is becoming an Internet meme. The visually stunning complex, sometimes compared to Apple’s ring and Alphabet’s Googleplex campuses, opened in 2014 as Exxon stood atop of the global oil market. Its centerpiece is a giant cube that appears to float above the office and research … Read more

Trump favorite Oz wins US Senate Republican primary, rival concedes

June 3 (Reuters) – Former hedge fund executive David McCormick conceded to wellness celebrity Mehmet Oz on Friday in the Republican primary race for a US Senate seat in Pennsylvania, following a recount and securing another Donald Trump-endorsed candidate in a critical midterm election. Oz, who will square off against Democrat John Fetterman in the … Read more

Global stock markets fall, US yields rise after strong employment data

Wall Street stocks trading lower Benchmark 10-year yields reach two-week high May US jobs report beats expectations US dollar index extends gains Oil prices edge higher NEW YORK, June 3 (Reuters) – Global equity markets fell as US Treasury yields reached two-week highs on Friday after data showed the American economy generated a greater-than-expected number … Read more

Deere to move cab production to Mexico amid tight US labor market

The leaping deer trademark logo is seen on a sign outside a John Deere dealership in Taylor, Texas, US, February 16, 2017. REUTERS/Mohammad Khursheed Register now for FREE unlimited access to Reuters.com Register June 3 (Reuters) – Agriculture equipment maker Deere & Co (DE.N) said on Friday it would move the company’s cab production from … Read more

Test makers target monkeypox market as cases surge

Test tubes labeled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 3 (Reuters) – Diagnostic companies are racing to develop tests for monkeypox, hoping to tap into a new market as governments ramp up efforts … Read more

Some hedge funds face steep losses after betting on hot sectors

BOSTON, June 2 (Reuters) – Hedge fund investors are bracing for a river of red ink as firms begin reporting returns for May when the stock market hovered near bear territory on disappointing earnings and worries about aggressive rate hikes, investors and fund managers said on Thursday. Data from Hedge Fund Research shows the HFRX … Read more

All options on table in China tariff review, US trade official says

China’s and US’ flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 2 (Reuters) – The Biden administration is considering “all options” as it reviews potential changes to US duties on Chinese imports, including tariff relief and new … Read more

Global stock markets rise, US yields fall ahead of employment data

All three Wall Street indexes trading higher Benchmark 10-year yields down Brent crude prices up 1% US dollar eases Safe-haven gold rises above 1% NEW YORK, June 2 (Reuters) – Global equity markets rose while US yields were lower on Thursday after lower-than-expected private payrolls data stirred hopes that the American economy was likely cooling … Read more

US labor market tightening; unemployment rolls smallest since 1969

People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, US, April 15, 2021. REUTERS/Amira Karaoud Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims fall 11,000 to 200,000 Continuing claims drop 34,000 to 1.309 million Private payrolls increase 128,000 in May Productivity contracts at 7.3% pace … Read more