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Waller says risks in US tilted towards high inflation

WASHINGTON, July 6 (Reuters) - U.S. Federal Reserve Governor Christopher Waller said on Monday that high inflation is the chief risk facing the Fed given a labor market that remains stable. "A year ago I was advocating for rate cuts because the labor market was ...
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Wall St opens higher as chip shares recover

July 6 (Reuters) - Wall Street's main indexes opened higher on Monday, extending last week's rally as chip stocks rebounded, while investors looked ahead to central bank minutes and the start of the second-quarter earnings season later in the week. The Dow Jones Industrial Average ...
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Microsoft cuts 4,800 jobs, including many at Xbox in a ‘reset’ of its gaming division

REDMOND, Wash. (AP) - Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business. The layoffs included 1,600 Xbox workers, with more to come this year in a broader reorganization designed to ...
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US service sector growth dips in June; employment rebounds after months of contraction

WASHINGTON, July 6 (Reuters) - U.S. services sector activity dipped in June as some of the boost from businesses rushing to place orders amid the Middle East war ebbed, but employment rebounded after contracting for three straight months, pointing to continued labor market stability. The ...
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Morning Bid: Samsung to serve chip taster for earnings feast

July 6 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been one of the quietest starts to a week in ages, with no new wars, or tariffs and much of the world watching the football. There ...
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Global shares mixed as US futures rise; oil slips after OPEC+ plans August output hike

TOKYO (AP) - European shares advanced Monday after a retreat in Asian markets and U.S. futures climbed ahead of Wall Street's reopening following the Independence Day holiday. Oil prices slipped after OPEC+ announced Sunday that seven of its members plan to expand oil production ...
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Airbus informally aims for 900 deliveries after strong June, sources say

PARIS, July 6 (Reuters) - Airbus has set an internal goal of 900 deliveries this year after handing over 89 jets in June, while keeping its official full-year guidance of 870 deliveries unchanged, industry sources said. June's total reflects an ongoing surge in deliveries as ...
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ITV and Sky reshape British TV landscape with $2.1 billion deal

By Paul Sandle LONDON, July 6 (Reuters) - Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon and Disney. Sky ...
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Boeing’s new 737 assembly line starts moving in Everett

By Dan Catchpole EVERETT, July 6 (Reuters) - Boeing plans to begin operating a fourth 737 MAX assembly line on Monday at its Everett, Washington, factory. The new line, known inside Boeing as the North Line, is part of the U.S. planemaker's long-term plans to ...
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As East Africa’s oceans change, coastal women build new livelihoods

MALINDI, Kenya (AP) - The unfinished restaurant is still little more than concrete walls and wooden beams. As her daughter sweeps away the last piles of sand, 54-year-old Nuru Mohammed directs women hanging fishing nets to serve as décor. In a few days, the ...
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Analysis-World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

By Dmitry Zhdannikov, Robert Harvey and Ahmad Ghaddar LONDON, July 6 (Reuters) - The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term peace elusive and buffer reserves now drained, ...
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EasyJet shares jump 10% after airline backs $7.3 billion Castlelake takeover

July 6 (Reuters) - Shares in easyJet rose 10% in early trading on Monday after the British budget airline agreed in principle to a £5.5 billion ($7.34 billion) takeover proposal from U.S. investment firm Castlelake over the weekend. EasyJet said on Sunday it was prepared ...
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