Ukrainians suffer in the cold and darkness as the president pleads with the United Nations to punish Russia

Widespread power outages due to Russia targeting the electricity grid United States: Russia is trying to freeze Ukraine into submission Crews are working to restore power and water President Zelensky says: “We are an unbreakable people” WASHINGTON/Kyiv (Reuters) – Ukrainian President Volodymyr Zelensky has urged the United Nations Security Council to act against Russia over … Read more

The United States is ready to authorize Chevron to increase oil production in Venezuela

The United States is ready to allow the oil giant to produce and sell Venezuelan oil Chevron is owed billions in unpaid debt by the state-run company PDVSA The United States aims to divert Venezuelan oil sales from shadow companies HOUSTON (Reuters) – Chevron Corp may soon win U.S. approval to expand operations in Venezuela … Read more

New labor unrest rocked the huge Foxconn iPhone factory in China

Pictures online show hundreds of workers protesting Surveillance cameras and windows were smashed by men with sticks Workers complain of delayed wages and inadequate food Foxconn says work to prevent recurrence of violence SHANGHAI/TAIPI (Reuters) – Hundreds of workers took part in protests at a Foxconn station. (2317.TW) Footage uploaded to social media showed the … Read more

Beware of the interaction between the currency and stock markets

The US Dollar (USD) had a strong year against most of the world’s currencies. In this article, we explain this move and its impact on global stock markets. The rise of the US dollar coincided with economic weakness in many foreign countries during the time when the US Federal Reserve raised interest rates, which in … Read more

North Korea’s Kim oversees intercontinental ballistic missile testing, and pledges more nuclear weapons

SEOUL (Reuters) – North Korean leader Kim Jong Un has vowed to counter U.S. nuclear threats with nuclear weapons, state news agency KCNA said on Saturday while inspecting an intercontinental ballistic missile test in the country. The isolated country tested a Hwasong-17 intercontinental ballistic missile on Friday, a day after it warned of “fierce military … Read more

First TVs, now tortilla chips: American companies set minimum prices to stop discounting

NEW YORK, Nov. 17 (Reuters) – Makers of everything from toys to wafers are increasingly placing minimum prices on their items to maintain profits and limit price cuts as retailers like Walmart do so. (WMT.N) and Amazon.com Inc (AMZN.O) Trying to attract sales from each other over the Internet. As a result, shoppers are faced … Read more

Retail sales in the United States are rising strongly. Raised GDP estimates for the fourth quarter

Retail sales rose 1.3% in October Core retail sales rose 0.7%; September Sales Review Import prices fell for the fourth month in a row industrial production rose 0.1%; Previous months revised down WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October as households stepped up purchases of cars and a range of … Read more

Amazon is laying off some hardware unit employees as it targets 10,000 cuts

November 16 (Reuters) – Amazon.com Inc (AMZN.O) The company said on Wednesday it had laid off some employees in its hardware group, with a person familiar with the company saying it was still targeting about 10,000 jobs, including in its retail and human resources divisions. The announcement, the first for Amazon since media outlets including … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Stocks and Bonds Delayed As Fed Urges Caution

Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden meets Chinese President at G20 meeting Limited repercussions for other assets on the collapse of FTX LONDON (Reuters) – Stocks stabilized and bond yields remained close to multi-year highs on Monday after a top US central … Read more