WASHINGTON (Reuters) – U.S. job growth continued at a brisk clip in March, with the unemployment rate falling to a new two-year low of 3.6% and wages re-accelerating, positioning the Federal Reserve to raise interest rates by a hefty 50 basis points in May.FILE PHOTO: The sign at an automobile oil-change shop reads “Sos Help […]

NEW YORK (Reuters) – The U.S. Treasury yield curve is flashing a warning sign to Wall Street, where many are worried that a recession could be in store after bond investors pushed up short-term rates to the point where yields on the two-year Treasury were actually higher than the 10-year Treasury.People walk by the New […]

FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu(Reuters) – Nvidia Corp is interested in exploring Intel Corp as a foundry for making its chips, Chief Executive Officer Jensen Huang said on a call with reporters on Wednesday. “They’re interested in […]

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2022. REUTERS/Brendan McDermid(Reuters) – Wall Street’s main indexes opened higher on Tuesday, as bank shares gained on growing bets of aggressive interest rate increases by the Federal Reserve and sportswear maker Nike rose after […]

There’s a new name in the Cherry Creek hotel scene. The JW Marriott at 150 Clayton Lane, the neighborhood’s oldest hotel, began operating as Hotel Clio on Tuesday. “Today is day one,” said Sean McNamara, the property’s director of sales and marketing. The 11-story, 199-room hotel is still affiliated with Marriott. It’s now part of […]

The recruiter didn’t mince her words in the pitch. “The average house price in Queensland is $570,000, and with the Brisbane Olympics, there is a lot of opportunity,” read the message on LinkedIn. It was one of seven headhunting offers that a worker in the construction industry told the Herald he had received over the […]

Allies of President Vladimir Putin, arriving on private jets and yachts, are still welcome in the UAE, which has yet to condemn the Ukraine invasion or enforce sanctions. Stretching into the Persian Gulf from the beaches and skyscrapers of Dubai is a man-made archipelago in the shape of a vast palm tree, its branchlike rows […]

Elon Musk has sparked furious speculation online after a cryptic post referencing the elusive creator of bitcoin. The Tesla CEO tweeted an image on Wednesday of the logos of four companies, Samsung, Toshiba, Nakamichi and Motorola, with the first letters of each circled — showing how the name “Satoshi Nakamoto” was apparently derived. To this […]

(Reuters) – Morgan Stanley urged the U.S. Federal Reserve on Tuesday to take a more cautious approach to raising interest rates as Russia’s invasion of Ukraine spurs already sky-rocketing global inflation.FILE PHOTO: The headquarters of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon StapletonIn another response to the conflict, JP Morgan, which […]

Embattled Kiwi businessman Eric Watson is being sought by US authorities after one of his co-defendants in an insider trading case threw in the towel and agreed to pay penalties and not contest the Securities and Exchange Commission case. The prosecuting regulator told US courts last month it is having trouble finding Watson – one […]