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US consumer staples lose sheen as lofty valuations meet gloomy earnings outlook

By Shashwat Chauhan March 13 (Reuters) - After a strong rally this year, U.S. consumer staples stocks are falling out of favor, with investors starting to question the high valuation as earnings prospects dim, analysts said. Staples, widely considered as safe havens within equities, became a ...
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USW members vote to reject BP’s final offer to Whiting refinery workers

March 12 (Reuters) - The U.S. United SteelWorkers (USW) union members voted on Thursday to overwhelmingly reject what energy giant BP called its "last, best, and final" contract proposal to those working at its Whiting refinery in Indiana. The USW stated in a release that ...
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Congressional Democrats say Trump tariffs will cost US households more than $2,500 this year

WASHINGTON (AP) - President Donald Trump is scrambling to replace the revenue the federal government lost when the Supreme Court struck down his biggest and boldest tariffs last month. If the effort succeeds, congressional Democrats warn in a study out Friday, the administration's import ...
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Vietnam produces world’s largest trade surplus with US, Jan data shows 

HANOI, March 13 (Reuters) - Vietnam produced the largest trade surplus with the United States in January, overtaking both Mexico and China, latest official U.S. data shows, as its exports rose sharply while Chinese direct shipments to the United States fell. Hanoi has been negotiating ...
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Goldman hikes average Brent oil forecast to over $100 a barrel for March

March 13 (Reuters) - Goldman Sachs expects Brent oil to average over $100 a barrel in March, and $85 in April, it said on Friday, as energy prices remain volatile due to the Iran war and damage to Middle East energy infrastructure and disruptions ...
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Iran-linked hackers take aim at US and other targets, raising risk of cyberattacks during war

WASHINGTON (AP) - Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos that ...
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Senate passes bipartisan housing bill to improve access and affordability

WASHINGTON (AP) - The Senate passed a broad bill on Thursday to make U.S. housing more accessible and affordable, a rare bipartisan effort in Congress to address a growing national problem. The bill, which passed 89-10, would reduce regulations, regulate corporate investors and expand how ...
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Smaller portions are a big restaurant trend as customers watch their budgets and waistlines

The biggest new restaurant trend is small. Special menus with petite, less expensive portions are popping up all over, from large chains like Olive Garden and The Cheesecake Factory to trendy urban eateries and farm-to-fork dining rooms. Restaurants hope that offering smaller servings beyond the children's ...
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Ships identify themselves as Chinese around Strait of Hormuz during Iran war to avoid attacks

HONG KONG (AP) - Some commercial ships near or in the Strait of Hormuz and Persian Gulf have declared themselves as China-linked since the Iran war began, marine traffic data show, as their operators apparently try to reduce risks of being targeted in attacks. ...
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Is Atlanta still the ‘Hollywood of the South’? A film boomtown faces a test

ATLANTA (AP) - Chris Ratledge used to make as much as $9,500 a week working on film sets around Atlanta. Now, he's on food stamps. The 48-year-old digital imaging technician moved from Indiana to Georgia in 2017 as studios - lured by generous tax credits ...
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