By Hyunjoo Jin and Akash Sriram (Reuters) -Elon Musk said on Friday he planned to “significantly” increase childcare benefits at his companies, including Tesla Inc, and that the details would be likely announced next month. His comments came a day afte…
U.S. labor market powers ahead with strong job gains despite recession fears
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor market strength that give the Federal Reserve ammunition to deliver another 75…
Ukrainian troops dig in at new front line in bid to stop Russian advance
By Simon Lewis ON THE ROAD TO SIVERSK (Reuters) – As artillery fire booms nearby, Dmytro looks up and listens. “That’s ours,” notes the 28-year-old, deputy commander of his infantry unit, perched on the edge of a deep earth bunker covered with logs and…
Is the U.S. in a recession? Jobs and GDP tell a different story
(Fixes date in dateline, no change to content of story) By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – By some early estimates, the U.S. economy, as measured by gross domestic product, may have shrunk in the three months from April through J…
Ukraine pleads for more weapons as defiant Russia warns West
By Pavel Polityuk KYIV (Reuters) – Ukraine urged its allies on Friday to send more weapons as its forces dug in to slow Russia’s military advance through the eastern Donbas region, while a belligerent Moscow warned Western nations of consequences for t…
U.S. raises concern over investment climate in Mexico
WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai raised concerns about the investment climate in Mexico, including Mexico’s energy policies that Washington says threaten U.S. investment, her office said on Thursday after a meeting with Me…
U.S. House panel to investigate companies sharing reproductive data
By Rose Horowitch WASHINGTON (Reuters) – A U.S. congressional committee has asked data brokers and personal health apps to tell how they handle users’ reproductive health data amid concerns states will use the information to track patients seeking abor…
Wisconsin Supreme Court outlaws ballot drop boxes for elections
(Reuters) – A divided Wisconsin Supreme Court ruled on Friday that the use of ballot drop boxes, which increased substantially during the coronavirus pandemic, is illegal under state law. In a 4-3 ruling, the court’s conservative majority also said vot…
Abe assassination stuns Japan, a country where gun violence is rare
By Elaine Lies TOKYO (Reuters) -The assassination of former Prime Minister Shinzo Abe on Friday stunned and saddened people in a country where firearms are strictly regulated and political violence is extremely rare. Abe was fatally shot while giving a…
Wall Street gyrates to muted close as investors weigh jobs data in rate debate
By David French (Reuters) – Wall Street ended little changed on Friday after a volatile session in which investors tried to comprehend how a robust jobs report would influence the U.S. Federal Reserve and its plans to aggressively hike interest rates. …