Business

WASHINGTON (Reuters) — The U.S. job market may have picked up steam in March, but the improvement was only a small step towards the Federal Reserve’s threshold for considering reining in its massive support for the economy. That’s the signal from a broad index of labor market indicators developed b…

LONDON (Reuters) — World stocks hit record highs on Tuesday, supported by strong economic data from China and the United States, while currency and bond markets paused after a month of rapid gains in the dollar and Treasury yields. Equities as measured by the 49-country spanning MSCI All Country Wo…

MANILA (Reuters) —  Philippine inflation eased for the first time in six months in March as price increases for certain food items slowed down, but it stayed outside the central bank’s target range of 2%-4% for the year. The Consumer Price Index rose 4.5% from a year earlier, versus a 26-month high…

(Reuters) — Forbes’ annual world’s billionaires list includes a record-breaking 2,755 billionaires, with Amazon.com Inc founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra-wealthy are expanding after a year in which the coronaviru…

(Reuters) — Tesla Inc was set to add about $50 billion to its market value as the electric car-maker’s shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts. The stock jumped nearly 8% in pre-market t…

PHUKET, Thailand (Reuters) —  In Thailand, it’s the all-important tourism sector that has jumped to the head of the Covid-19 vaccination line, with the country’s most popular resort island embarking on a mass inoculation program two months ahead of the rest of the country. The island of Phuket aims…

SEOUL (Reuters) — South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10% share in North America,…

WASHINGTON (Reuters) — The U.S. economy created the most jobs in seven months in March as more Americans got vaccinated and the government doled out additional pandemic relief money, marking the start of what could be the strongest economic performance this year in nearly four decades. The Labor De…

(Reuters) — Matt Arnold just spent $5,000 to run help-wanted ads for his company’s five trailer factories scattered from Pennsylvania to Utah. “We hired two from the ads,” said Arnold, just a fraction of the 125 he needs to get back to full strength of 673 workers. Half the welding jobs at his Texa…

WASHINGTON (Reuters) — The White House on Thursday rejected the idea of raising gas taxes as a way to pay for President Joe Biden’s $2.3 trillion infrastructure plan, setting the stage for a fight with business groups that are calling for U.S. drivers to foot the bill instead of corporate tax hikes…