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By Herbert Lash NEW YORK (Reuters) -The dollar fell more than 1% against major currencies on Tuesday after U.S. consumer price data showed the pace of inflation moderating further in October, increasing the odds that the Federal Reserve is done hiking interest rates. U.S. consumer prices were unchanged last month amid lower gasoline prices, the […]

By Shivansh Tiwary and Doyinsola Oladipo (Reuters) -Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts hours before a strike deadline, their unions said on Friday, ending the threat of a labor stoppage against casino operators that could have crippled tourism in the city. The new five-year agreement covers 5,000 employees […]

By Maggie Fick and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) – Novo Nordisk wants to buy more companies with drugs in early- to mid-stages of development through “bolt-on” deals of up to a few billion dollars, CEO Lars Fruergaard Jorgensen told Reuters on Friday. As the company’s fortunes soar on demand for its popular weight-loss medicine Wegovy, […]

By Chuck Mikolajczak (Reuters) – U.S. stocks closed lower on Thursday, snapping the longest winning streaks for the Nasdaq and S&P 500 in two years, as Treasury yields climbed after a disappointing auction of 30-year bonds and comments from Federal Reserve Chair Jerome Powell. Powell said central bank officials “are not confident” interest rates are […]

By Joseph White and David Shepardson DETROIT/WASHINGTON (Reuters) -The United Auto Workers on Thursday signaled the next step in the union’s campaign to capitalize on its success in bargaining with the Detroit Three: launching organizing drives at Toyota, Tesla and other nonunion U.S. auto factories. UAW President Shawn Fain began his video comments on the […]

(Reuters) -Elon Musk’s X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board (NLRB) accused X — formerly known as Twitter — of violating the federal law that prohibits punishing […]

By Leroy Leo and Manas Mishra (Reuters) -A union coalition for Kaiser Permanente healthcare workers reached a tentative labor deal with the hospital system on Friday that included across-the-board wage increases after 75,000 members took part in a three-day strike last week. The strike was the largest recorded among medical workers and included nurses, medical […]

By Luc Cohen and Jody Godoy NEW YORK (Reuters) -Caroline Ellison, the former chief executive officer of Sam Bankman-Fried’s hedge fund, testified on Tuesday that the former crypto mogul directed her and others to defraud customers of his FTX exchange by taking their money without their knowledge. Ellison, who said she previously dated Bankman-Fried, depicted […]

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil’s investors now prefer the company use its share price and financial might to acquire existing oil and gas production rather than spend on drilling that could take years to pay off. In the last four years energy investors have dumped stocks in oil companies that boost capital spending, […]