A UPS strike could happen any moment now. Unionized workers have been holding picketing and rallies across the U.S. for arranging a negotiating table with the company before July 31, the day their contract expires. As the deadline to get a new contract gets closer, the probability of a UPS strike rises. There is less…

Dec 29 (Reuters) - Wall Street's main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve's interest rate hikes might be starting to dent labor market strength in its bid to fight inflation. All 11 S&P 500 sector indexes rose, with communication service .SPLRCL and technology .SPLRCT as the biggest…

Dec 21 (Reuters) - Wall Street's three main stock indexes closed higher on Wednesday for their biggest daily gains so far in December with help from upbeat Nike NKE.N and FedEx FDX.N quarterly earnings, as well as improving consumer confidence and easing inflation expectations from investors. Nike Inc shares soared 12% after beating profit expectations for its second quarter on strong holiday demand from North American shoppers, while FedEx finished up 3.4% and shares in cruise operator Carnival Corp CCL.N jumped 4.7% after posting a smaller-than-expected quarterly loss.…

Nov 22 (Reuters) - Shares of Zoom Video Communications Inc have tumbled about 90% from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID world. The stock was down nearly 10% on Tuesday after the company cut its annual sales forecast and posted its slowest quarterly growth,…

Oct 18 (Reuters) - Microsoft Corp laid off under 1,000 employees across several divisions this week, Axios reported on Tuesday, citing a source, making it the latest U.S. technology company to cut jobs or slow hiring amid a global economic slowdown. The layoffs affected less than 1% of Microsoft's total workforce of around 221,000 as…

LOS ANGELES, Sept 20 (Reuters) - YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned streaming service announced Tuesday that it would introduce advertising on its video feature Shorts and give video creators 45% of the revenue. That compares with its standard…

HOUSTON, Sept 12 (Reuters) - U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday. The release from the Strategic Petroleum Reserve (SPR) in the week ended Sept. 9 was the steepest draw since…

NEW YORK, Aug 1 (Reuters) - Leasing volume for Manhattan office space reached a pandemic-era high in July, good news for the hard-hit New York office market, though the amount of space leased was still 11.6% less than the pre-pandemic average in 2019, data showed on Monday. Leasing activity in Manhattan, the premier U.S. office market, jumped…

By Supantha Mukherjee and Marie Mannes STOCKHOLM, July 18 (Reuters) - H&M, the world's second-biggest fashion retailer, said on Monday it will wind down its business in Russia, a move that will cost almost $200 million and affect 6,000 staff as it joins a growing number of companies fully exiting the country. The company suspended…

By Paresh Dave OAKLAND, Calif., June 20 (Reuters) - Delta Air Lines Inc , Kellogg Co and several big ad agencies on Monday pledged to counteract unwanted biases in the algorithms that power their online advertising. The action, announced as part of an ad industry conference in Cannes, France, is one of the biggest steps…