Morning offer: Finally, bad news is bad news
19 January (Reuters) – A look at the day ahead at Asian markets from Jamie McGeever. No fireworks from the Bank of Japan, but plenty of damp squibs for investors…
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The US economy is losing steam as retail sales show their biggest decline in 12 months
Retail sales down 1.1% in December; November sales fell Core sales down 0.7%; November sales not reviewed Manufacturing output is down 1.3%; November production cut Producer prices down 0.5%; up…
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Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…
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Goldman misses earnings estimates as deal closings slump and consumer business hits
17 Jan. (Reuters) – Goldman Sachs Group Inc (GS.N) reported a larger-than-expected 69% drop in fourth-quarter earnings on Tuesday as it struggled with a slump in deal closings, a drop…
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Elon Musk’s suspension of journalists on Twitter has sparked global reactions
Dec. 16 (Reuters) – Twitter’s unprecedented suspension of at least five journalists over claims they revealed owner Elon Musk’s real-time location quickly drew backlash from government officials, advocacy groups and…
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Goldman is going to lay off thousands of employees as the number of layoffs on Wall Street increases
NEW YORK, Dec. 16 (Reuters) – Goldman Sachs Group Inc (GS.N) plans to lay off thousands of employees to navigate a tough economic environment, a source familiar with the matter…
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Electric vehicles are facing the leap into the mass market
DETROIT, Dec. 15 (Reuters) – The past year has been a sobering one for investors pouring money into Tesla Inc (TSLA.O) and rival electric vehicle startups hoping to emulate the…
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US retail sales fall after hefty gains; labor market still tight
Retail sales fell 0.6% in November Core sales down 0.2%; October sales have been revised lower Weekly jobless claims fall by 20,000 to 211,000 WASHINGTON, Dec. 15 (Reuters) – US…
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