Asian markets struggled again Friday and the dollar held gains as rate hike expectations grew, with traders now focusing on a key US jobs report later in the day.. "Markets might start pricing in a February rate hike as well, if pricing pressures don't show further signs of easing with the September 13th inflation report."
The number of "Help Wanted" signs may have decreased across the United States in August, but the job situation still remains tense, official figures are expected to show Friday.. Job creation, on the other hand, is expected to have slowed sharply, falling to 300,000 -- almost half July's number.
General Motor's autonomous vehicle unit Cruise recalled 80 cars and updated their software after one failed to properly predict the trajectory of an oncoming vehicle.. Cruise has modified the software and says were the vehicle to be in the same situation again, it would act differently to avoid error.
A US official Thursday rejected Amazon's efforts to overturn a worker vote in favor of unionization at a New York warehouse, dismissing the retailer's election complaints as groundless.. Dunn's decision is the latest development since Amazon Labor Union's (ALU) shock victory in April in which New York workers voted to establish the first Amazon union in America at a facility in Staten Island, New York.
Starbucks named Laxman Narasimhan, a veteran of PepsiCo and other consumer brands, as its next chief executive on Thursday.. Narasimhan, who was most recently chief executive of Anglo-Dutch multinational Reckitt, will relocate to Seattle from London and join Starbucks on October 1, the company said in a news release.
A South African court on Thursday upheld a ban imposed on energy giant Shell from using seismic waves to explore for oil and gas off the Indian Ocean coast.. The area lies off South Africa's so-called Wild Coast.
British supermodel Kate Moss on Thursday launched a website selling her own beauty and lifestyle products called Cosmoss, becoming the latest star to venture into branded e-commerce.. Cosmoss is not Moss's first venture into personal branding.
The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the US Federal Reserve.. Inflation in Japan is at its highest in seven years, and prices for items excluding fresh products rose 2.4 percent on-year in July -- but the BoJ sees these increases as temporary, and says it is committed to its current policy.
Semiconductor giant Micron announced Thursday it will invest $15 billion over the next decade to expand its operations in the US state of Idaho to build memory capacity for automotive and other sectors.. The initiative, which Micron called the "largest private investment ever made in Idaho," follows a Micron pledge last month to spend $40 billion in "leading-edge memory manufacturing" in the United States.
Brazil's economy posted higher-than-expected growth of 1.2 percent in the second quarter, official data showed Thursday, giving President Jair Bolsonaro a boost ahead of elections next month.. The result beat analyst expectations for 0.9 percent growth in Latin America's largest economy.
