markets

GM and Canada union far apart on product as strike looms

Canada's autoworkers' union Unifor and General Motors Co made little progress resolving the key issue of new investment in contract talks late on Sunday, the union's president said, just over 24 hours ahead of a strike deadline. The automaker and the union representing its Canadian manufacturing …

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GM and Canada union far apart on product as strike looms

markets

Oil climbs as Venezuela sees output deal, Libya suffers clashes

Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted. Venezuelan President Nicolas Maduro has said that a deal could be announced this month to stabilize oil markets, which have come under pressure due to a persistent glut and a …

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Oil climbs as Venezuela sees output deal, Libya suffers clashes

markets

Fed’s Dudley sees risks to U.S. economic outlook tilting to downside

An influential Federal Reserve official on Tuesday said he sees downside risks to his U.S. economic outlook, an assessment that could flag a longer pause before the Fed's next interest-rate hike than he and his colleagues had earlier signaled. “At this moment, I judge that the balance of risks to my growth and inflation outlooks may be starting to tilt slightly to the downside,” New York Federal Reserve President William Dudley said in remarks at a conference in Hangzhou, China sponsored by…

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Fed’s Dudley sees risks to U.S. economic outlook tilting to downside

markets

Sam’s Club hires regional buyers, sees ‘local’ food as key in upscale shift

Sam's Club, the warehouse club unit of Wal-Mart Stores Inc, is building a team of regional U.S. buyers to bring in more local and organic groceries, a strategy used by …

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Sam’s Club hires regional buyers, sees ‘local’ food as key in upscale shift

markets

Technology vs. Promotions: Who Wins?

As Americans, perhaps the only thing we love more than our football is our pizza. And on Sunday, those two loves will intersect in perfect gluttonous harmony during Super Bowl 50 for what's not only the biggest date on the NFL calendar, but the biggest day of the year for pizza delivery, to boot. Just like pro football, there's a lot of dough…

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Technology vs. Promotions: Who Wins?

markets

El-Erian: Markets front-run Fed in tightening financial conditions

By Jennifer Ablan NEW YORK (Reuters) – Mohamed El-Erian, the chief economic adviser at Allianz SE , said on Thursday that with volatility rising, the markets effectively have served as front-runners to the Federal Reserve…

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El-Erian: Markets front-run Fed in tightening financial conditions

markets

Asian shares slip, copper tumbles as worry takes toll

By Hideyuki Sano and Lisa Twaronite TOKYO (Reuters) – An index of Asian shares fell on Wednesday as copper prices tumbled and another bomb scare in Europe and gunfire in the French capital hurt risk appetite, while bets that the Federal Reserve remains on track for a rate hike underpinned the dollar. “The rally in US equity markets that followed on from European markets strong lead this week was stopped dead in its tracks last night, on reports of a multiple bomb threat in Hannover, with…

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Asian shares slip, copper tumbles as worry takes toll