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Top Japan companies agree to 5.58% average pay hike, business lobby says
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Thursday, May 2
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SRN News
Landmark Google antitrust case ready to conclude
WASHINGTON (AP) — Lawyers for both the Department of Justice and Google will present arguments Thursday and Friday to conclude the biggest antitrust case in a quarter century. In closing arguments of a Washington, D.C., trial that began last September, regulators will apply the ...
Thursday, May 2
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SRN News
Pinnacle West Capital posts Q1 profit on customer growth, new rates
(Reuters) – Pinnacle West Capital Corp posted a quarterly profit from year-ago loss on Thursday, on the back of customer growth, increased sales and new rates. Utility companies use General Rate Case (GRC) proceedings to increase consumer electricity prices to ask ...
Thursday, May 2
by
SRN News
BoC says there’s a limit to how far US and Canada rates can diverge
OTTAWA (Reuters) – There is a limit to how far U.S. and Canadian interest rates can diverge but “certainly we’re not close to that limit”, Bank of Canada Governor Tiff Macklem told the House of Commons finance committee on Thursday. Macklem ...
Thursday, May 2
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SRN News
Air Canada reports wider-than-expected loss, shares drop
By Shivansh Tiwary and Allison Lampert (Reuters) -Air Canada reported a bigger first-quarter loss than expected on Thursday on higher operating costs tied to labor and aircraft maintenance, overshadowing early signs of a revival in corporate demand. Shares dropped more than 5% in morning trade in ...
Thursday, May 2
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SRN News
Lloyd’s insurers expect moderate Baltimore bridge claims
LONDON (Reuters) – Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Some estimates for the total insured ...
Thursday, May 2
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ABC News
Tipping point: Viral video sparks questions about gratuities
(NEW YORK) -- Tipping has seen a shift, especially compared to pre-pandemic, when the cost of food and everything else was lower, but one man's recent experience that went viral on social media has sparked new questions around gratuities.Mark O'Brien shared a video on ...
Thursday, May 2
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ABC News
Airbnb launches stays at “Up” house, “Inside Out” headquarters and more Icons
(NEW YORK) -- Looking for a unique vacation destination?Airbnb is offering customers an opportunity to stay in famous homes and places such as a re-creation of the Up house from Pixar's 2009 animated movie.Photos show the Up house, home to the fictional Carl Fredricksen ...
Thursday, May 2
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SRN News
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business. Shares jumped more than 11% before the market open on ...
Thursday, May 2
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SRN News
Number of Americans applying for jobless claims remains historically low
The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflation. The Labor Department reported Thursday that unemployment claims for the week ...
Thursday, May 2
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SRN News
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
PRAGUE (AP) — The Czech Republic’s central bank on Thursday cut its key interest rate for the fourth straight time as inflation dropped and the economy showed signs of recovery. The cut by a half-percentage point brought the interest rate down to 5.25%. The move ...
Thursday, May 2
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SRN News
Senators want limits on the government’s use of facial recognition technology for airport screening
WASHINGTON (AP) — A bipartisan group of senators is pushing for restrictions on the use of facial recognition technology by the Transportation Security Administration, saying they are concerned about travelers’ privacy and civil liberties. In a letter Thursday, the group of 14 lawmakers called on ...
Thursday, May 2
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SRN News
Wall St set to open higher as Fed allays rate-hike concerns
By Shristi Achar A and Shashwat Chauhan (Reuters) -U.S. stocks were poised for a higher open on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a spate of earnings reports ...
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