Wall Street finishes lower ahead of economic data and earnings

Big bank earnings, CPI data expected later this week US casino operators fall as Macau closes casinos Market-leading growth stocks drag the Nasdaq lower Indices down: Dow 0.52%, S&P 1.15%, Nasdaq 2.26% NEW YORK, July 11 (Reuters) – US stocks lost ground on Monday as a lack of catalysts led market participants to cautiously approach … Read more

The Texas network operator warns of possible power outages in the scorching heat

Power lines are seen during a heat wave with expected temperatures of 102 F (39 C) in Dallas, Texas, U.S., June 12, 2022. REUTERS/Shelby Tauber/File Photo Sign up now for FREE unlimited access to Reuters.com to register HOUSTON, July 10 (Reuters) – The Texas power grid operator on Sunday urged residents in the state to … Read more

Stocks slide ahead of US inflation data, earnings hurdles

People pass an electronic screen showing Japan’s Nikkei stock price index at a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Sign up now for FREE unlimited access to Reuters.com to register European stocks down 1.3%, S&P 500 futures down 0.8% Dollar tops 137 yen ahead of US CPI, inflation expectations The banks … Read more

Macau Shuts Down All Its Casinos To Curb COVID, Gaming Stocks Plunge

Residents wearing face masks queue to get tested for coronavirus disease (COVID-19) in Macau, China, July 4, 2022. REUTERS/John Mak Sign up now for FREE unlimited access to Reuters.com to register More than 30 zones locked down across the city Four rounds of mass COVID testing are planned this week Casinos in Macau have been … Read more

Canadian anger at Rogers’ failure could complicate his merger hopes

The Rogers Building, the green corporate campus of Canadian media conglomerate Rogers Communications is seen in downtown Toronto, Ontario, Canada July 9, 2022. REUTERS/Chris Helgren Sign up now for FREE unlimited access to Reuters.com to register TORONTO, July 10 (Reuters) – Rogers Communications (RCIb.TO) complicated its chances of winning antitrust clearance for a CA$20 billion … Read more

Rogers service restored after Canada-wide outage, blames router malfunction

General view of the Rogers Building, home of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Sign up now for FREE unlimited access to Reuters.com to register July 9 (Reuters) – Rogers Communications (RCIb.TO) said on Saturday its services were nearly fully operational after a massive outage which it attributed to a … Read more

Mars, birth rates but no Twitter: Elon Musk charms Sun Valley moguls

SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, California, U.S. June 13, 2019. REUTERS/Mike Blake/ Sign up now for FREE unlimited access to Reuters.com to register July 9 (Reuters) – Elon Musk avoided discussing the failed Twitter deal, only repeating claims about problems with fake accounts on … Read more

Rogers network outage hits millions of Canadians and sparks outrage

Rogers dominates Canada’s telecoms sector Banking services down, transportation disrupted The outage renewed criticism of competition in the telecoms sector TORONTO/OTTAWA, July 8 (Reuters) – A major network outage at one of Canada’s largest telecoms operators cut off access to banks, transportation and government services for millions all day Friday, sparking outrage from customers and … Read more

Ex-JPMorgan dealers ‘ripped off’ metals market, prosecutor says in court

July 8 (Reuters) – Three former employees of JPMorgan Chase & Co (JPM.N) worked together to defraud other traders in the precious metals futures market, a US prosecutor told a jury during opening statements in a closely watched criminal trial in Chicago on Friday. Former head of the bank’s global precious metals division Michael Nowak, … Read more

The US labor market is continuing with strong employment growth despite fears of a recession

Non-farm payrolls increase by 372,000 in June Private sector employment back above pre-pandemic levels Unemployment rate remains stable at 3.6% The average hourly wage increases by 0.3%; 5.1% more than in the previous year WASHINGTON, July 8 (Reuters) – US employers hired far more workers than expected in June and continued to steadily hike wages, … Read more