Business News

WASHINGTON (Reuters) — U.S. consumer confidence slipped to a four-month low in November, with households less keen to spend on big-ticket items over the next six months amid high inflation and rising borrowing costs, heightening the risks of a recession next year. But the survey from the Conference…

(Reuters) — U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict Covid-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production. Shares of the Cupertino, California tech giant lost 2.6% and weighe…

SYDNEY (Reuters) — Stocks and oil slid sharply on Monday as rare protests in major Chinese cities against the country’s strict zero-Covid curbs raised worries about management of the virus in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside …

WASHINGTON/HOUSTON (Reuters) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big U.S. oi…

WASHINGTON/LONDON (Reuters) — U.S. business activity contracted for a fifth straight month in November as higher interest rates slowed demand but the downturn in euro zone business activity ebbed slightly as the world braces for a recession-hit year ahead, surveys showed on Wednesday. S&P Globa…

WASHINGTON, D.C. (Office of the American Samoa Congressional Delegate) — U.S. Congresswoman Uifa’atali Amata is emphasizing Small Business Saturday (Nov. 26) as part of National Entrepreneurship Month. “Small Business Saturday is a chance to appreciate the small businesses all over our islands that…

WASHINGTON/LOS ANGELES (Reuters) — Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel. Train and engine …

SHENZHEN (Reuters) — Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province. For his father’s generation, factory work was a lifeline out of rural poverty. For Zh…

BOSTON (Reuters) — For all the tumult and disruptions of the coronavirus pandemic, U.S. labor markets have come out on the other side not far from the strong conditions that prevailed before the crisis, a paper presented at a Boston Fed research conference said. Almost all of the hit the U.S. labor…

NEW YORK (Reuters) — Split control of the U.S. Congress following the midterm elections may provide a tailwind for stocks at the end of a bruising year, but inflation and the Federal Reserve are likely to remain the market’s main drivers, investors said. Republicans were projected to win a majority…