| | | Wall St. to open lower as tech, bank stocks drop | | | (Reuters) - U.S. stocks were on track to open lower on Thursday as a drop in technology and bank stocks weighed, while investors fretted about the Federal Reserve's outlook on monetary policy amid weak economic data. |
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| | | U.S. jobs market firming; inflation pressures easing | | | WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, pointing to shrinking labor market slack that could allow the Federal Reserve to raise interest rates again this year despite moderate inflation growth. |
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| | | Fed raises rates, unveils balance sheet cuts in sign of confidence | | | WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market. |
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| | | Uber's trucking ambitions in lower gear after Otto deal | | | SAN FRANCISCO (Reuters) - Uber Technologies Inc's drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700-billion industry. |
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| | | Bank of America to lay off more workers | | | (Reuters) - Bank of America Corp has begun laying off employees in its operations and technology division, part of the second-largest U.S. bank's plan to cut costs. |
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| | | British Airways CEO puts cost of recent IT outage at 80 million pounds | | | MADRID (Reuters) - A technological failure which stranded tens of thousands of British Airways (BA) passengers in May will cost the company around 80 million pounds ($102.19 million), Willie Walsh, chief executive of BA parent International Airlines Group (IAG), said on Thursday. |
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