Business

WASHINGTON (Reuters) — U.S. retail sales increased less than expected in November, likely payback after surging in the prior month as Americans started their holiday shopping early to avoid empty shelves. A rotation in spending from goods back to services as well as shortages and the resulting high…

WASHINGTON (Reuters) — Major U.S. airlines Wednesday will defend a $54 billion Covid-19 government lifeline even as they face operational challenges and work to speed hiring to address rising demand. The Senate Commerce Committee will hear from the chief executives of American Airlines, Southwest A…

(Reuters) —  Apple Inc’s market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world’s most valuable company. The company’s shares fell just over 2% on Monday to close at $175.74, reversing earlier gain…

SYDNEY (Reuters) — Asian stocks were mostly down and oil prices slipped on Tuesday as the spread of the Omicron coronavirus variant rattled investors who were already on edge ahead of a slew of central bank decisions this week, including a key Federal Reserve meeting. MSCI’s broadest index of…

SHANGHAI (Reuters) — Several companies in one of China’s biggest manufacturing hubs have suspended operations as local authorities try to contain a Covid-19 outbreak, halting production of goods from batteries to textile dyes and plastics. The coronavirus outbreak has disrupted activities in …

LONDON (Reuters) — OPEC on Monday raised its world oil demand forecast for the first quarter of 2022 and stuck to its timeline for a return to pre-pandemic levels of oil use, saying the Omicron coronavirus variant would have a mild and brief impact. The upbeat view from the Organization of the Petr…

(Reuters) — The U.S. Federal Reserve, stung by persistently high inflation and encouraged by lower-than-expected unemployment, is set on Wednesday to chart a path of higher interest rates next year as policymakers show their hands on just how soon and how much they think borrowing costs will need t…

(Reuters) — Tesla Chief Executive Officer Elon Musk was named Time magazine’s “Person of the Year” for 2021, a year that saw his electric car company become the most valuable carmaker in the world and his rocket company soar to the edge of space with an all-civilian crew. Musk is …

WASHINGTON (Reuters) — U.S. consumer prices rose solidly in November as Americans paid more for food and a range goods, leading to the largest annual gain since 1982, posing a political nightmare for President Joe Biden’s administration and cementing expectations for the Federal Reserve to st…

(Reuters) — Research teams at Intel Corp on Saturday unveiled work that the company believes will help it keep speeding up and shrinking computing chips over the next ten years, with several technologies aimed at stacking parts of chips on top of each other. Intel’s Research Components Group …