US productiveness exhibits greatest annual decline on file in second quarter

Aug 9 (Reuters) – U.S. worker productivity fell in the second quarter at its steepest annual pace since 1948 when the Labor Department began tracking it, while growth in unit labor costs accelerated, suggesting strong wage pressures will continue to help contain inflation elevated. Nonfarm productivity, which measures hourly output per worker, fell 2.5% from … Read more

Afghan Muslim Arrested in Homicide That Rocked New Mexico’s Islamic Group

ALBUQUERQUE, N.M., Aug 9 (Reuters) – A Muslim immigrant from Afghanistan has been arrested as the main suspect in the serial killings of four Muslim men that rocked the Islamic community in New Mexico’s largest city, police said on Tuesday. After days of beefing up security around Albuquerque-area mosques in an effort to quell fears … Read more

China’s manufacturing facility inflation hits 17-month low, shopper costs rise

A worker walks past steel coils at the Chongqing Iron and Steel Plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com Register Producer inflation in July lowest since February 2021 Consumer inflation in July at the highest level in two years The PBOC is seen … Read more

Musk Sells $6.9 Billion in Tesla Shares, Citing Threat of Pressured Twitter Deal

Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Aug. 10 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk sold $6.9 billion worth of shares in the electric car maker, saying the funds could be … Read more

Nasdaq closes decrease as chipmaker Micron’s warning renews know-how

Micron falls on lowered revenue forecast Semiconductor shares fall for third session Novavax falls after halving revenue outlook NEW YORK, Aug 9 (Reuters) – Nasdaq closed lower on Tuesday after a gloomy forecast from Micron Technology dragged down chipmakers and tech stocks as investors await U.S. inflation data that could prompt the Federal Reserve to … Read more

Micron’s warning of weak demand rattles chip shares

Micron Technology’s solid-state drive for data center customers is unveiled at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Micron Technology (MU.O) cut its revenue forecast for the current quarter on Tuesday and warned of negative … Read more

AppLovin is providing to purchase software program maker Unity for $17.5 billion

People play “Pokemon GO” on the Pokequan GoBoat Adventure Cruise in the Occoquan River in the small town of Occoquan, Virginia, U.S. August 14, 2016. REUTERS/Sait Serkan Gurbuz Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Gaming software company AppLovin Corp (APP.O) on Tuesday made an offer to buy peer … Read more

Singapore-based crypto lender Hodlnaut suspends withdrawals

Representations of the virtual currencies Ripple, Bitcoin, Etherum and Litecoin are seen on a PC motherboard in this illustration photo, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 8 (Reuters) – Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has suspended withdrawals, swaps and deposits, the … Read more

Google backs up after brief outages – Down detector

Broken Ethernet cable is seen in front of the Google logo in this illustration taken March 11, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register August 8 (Reuters) – Alphabet Inc (GOOGL.O) Google services appeared to be back after facing a brief global outage on Monday, according to outage tracking website … Read more

US OKs first Boeing 787 Dreamliner supply since ’21 sources

Boeing’s logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 8 (Reuters) – The U.S. government on Monday approved the first Boeing (PROHIBIT) 787 Dreamliner for delivery starting in 2021, paving … Read more