DIRS.INFO The most relevant business & tech news

☆ Analysis: What to make of the US retaliation strikes against pro-Iranian militias in Iraq and Syria
▼ + stars: | 2024-02-02 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +5 min

CNN —It was meant to sound devastating, and likely felt so to the pro-Iranian militias on the receiving end. The Biden administration faced a near-impossible task: Hit hard enough to show you mean it, but also ensure your opponent can absorb the blow without lashing out in return. Mistakes, or unanticipated successes, can lead to spirals, and that can lead to unavoidable, wider conflict. The Biden administration has elections looming, in which it does not need another costly foreign adventure, trouble over its Israel policy, or rising oil prices. There will likely follow criticism of the Biden administration for not using the same blunt and forceful approach of Trump in 2020.

Persons: Defense Lloyd Austin, Biden, Donald Trump, Qasem Soleimani, prima, Joe Biden, Defense Lloyd J, Austin III, William Rivers, Kennedy Sanders, Breonna Moffett, Joshua Roberts, Soleimani Organizations: CNN, US Central Command, US, Defense, Force, Hamas, Dover Air Force Base, UN, International Atomic Energy Agency, Trump Locations: Iraq, Syria, Israel, Gaza, Iran, United States, Moscow, Dover , Delaware, Tehran, Washington

Periods of high inflation would offset those when inflation was low as occurred between the financial crisis and the pandemic. Those concerns may not matter anymore if the pandemic has driven inflation and interest rates chronically higher. Speaking at a Boston Fed labor market conference in November, Kohn said the new framework showed the risks of not keeping inflation at bay to begin with. "Probing" for maximum employment "can't ignore...inflation risks," Kohn said, calling for a return to a strategy disavowed in the last review. "I think preemptive tightening is best-practice central banking, and I hope they return to allowing that."

Persons: Joshua Roberts, Jerome Powell, There's, Miesha Williams, Powell, Charles Evans, Evans, Fed, Loretta Mester, Austan Goolsbee, Goolsbee, Donald Kohn, Kohn, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve, REUTERS, Rights, U.S, Federal, Spelman College, Reuters, Chicago Fed, Chicago, Cleveland Fed, Boston Fed, Thomson Locations: Washington , U.S, Atlanta

☆ Uncertain 2024 makes US companies refinance debt sooner, not later
▼ + stars: | 2023-11-30 | by ( Matt Tracy | ) www.reuters.com time to read: +3 min

Doubts that debt issuance conditions will be as strong in 2024 as they are now, with markets still divided on the direction of interest rates and the economy, have also driven the interest in doing deals now. Credit spreads are underpricing recession risk, said Nate Thooft, senior portfolio manager for Manulife Investment Management. Even if companies waited for rate cuts in 2024, declines in all-in funding costs may not necessarily follow, as credit spreads could then widen, said Amol Dhargalkar, managing partner at Chatham Financial. But Natalie Trevithick, head of investment grade credit strategy at Payden & Rygel, said economic data was too strong for cuts. Some $770 billion of investment-grade rated bonds mature in 2024 and over $900 billion in both 2025 and 2026, according to data by Morgan Stanley (MS.N).

Persons: Joshua Roberts, Maureen O'Connor, Edward Marrinan, Nate Thooft, Amol Dhargalkar, Natalie Trevithick, Morgan Stanley, Steven Oh, Matt Tracy, Shankar Ramakrishnan, Davide Barbuscia, Barbara Lewis Organizations: Federal Reserve, REUTERS, ICE, BMO Capital Markets, Investment, Informa Global, Treasury, Federal, Nikko Securities America, Manulife Investment Management, Chatham Financial, Deutsche Bank, PineBridge Investments, Thomson Locations: Washington , U.S, Wells, U.S

☆ Goldilocks meets Santa as global stocks power to best month in three years
▼ + stars: | 2023-11-30 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

MSCI's world stock index (.MIWO00000PUS) is set to close the month up around 9%, its best performance since November 2020, when markets cheered the arrival of COVID-19 vaccines. Global bond prices have soared, with an ICE BofA index of global investment-grade bonds in major markets set to return 3.4% in November, the best month on record going back to 1997. Global growth stocks in high-tech sectors are up 11% (.dMIWO0000GNUS) while value stocks, which are mainly in cyclical industries and offer high dividends, have gained 6.5% (.dMIWO0000VNUS). And a cloudier outlook for stocks suggests a divergence could open up between again between stocks and bonds. The broader global index is set to return 1.6% for the year.

Persons: Joshua Roberts, That's, bode, Altaf Kassam, Wall, We've, Guy Miller, Joost Van Leenders, Van Lanschot Kempen, Van Leenders, Kassam, Naomi Rovnick, Yoruk Bahceli, Dhara Ranasinghe, Christina Fincher Organizations: Federal Reserve, REUTERS, U.S . Federal Reserve, European Central Bank, State Street Global Advisors, Traders, Fed, Insurance Group, Equity, Reuters Graphics Reuters, Treasury, Thomson Locations: Washington , U.S, COVID, U.S

☆ Take Five: Warming up this winter
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +6 min

1\BUCK UP, IT'S DECEMBERThe dollar is heading for its weakest monthly performance for a year, with a loss so far of 2.7%. On Thursday, China releases official manufacturing PMI data, which last month showed an unexpected contraction, killing momentum for an economic recovery. COP28 gets underway in Dubai and securing an agreement on how to tackle global warming and, crucially, how to pay for it looks as difficult as ever for the near 200 countries and institutions attending. Reuters Graphics5\THE ECB'S BALANCING ACTEuro zone inflation data on Nov. 30 may well confirm a trend of price rises moderating. Policymakers remain wary of any hopes for rate cuts spilling over into increased bank lending and household spending, renewing inflationary pressures.

Persons: Lewis Krauskopf, Kevin Buckland, Naomi Rovnick, Marc Jones, Amanda Cooper, it's, Joshua Roberts, Sultan Ahmed Al Jaber, Christine Lagarde, Pasit Kongkunakornkul, Sumanta Sen, Kripa Jayaram, Vineet Sachdev, Prinz, Toby Chopra Organizations: BUCK, IT'S, Federal Reserve, Reuters, REUTERS, COP28, World Bank, European Central Bank, Thomson Locations: China, Dubai, Lewis, New York, Tokyo, London, Washington , U.S, UAE

☆ The Fed Wants More Evidence Before Changing Rate Stance
▼ + stars: | 2023-11-21 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Minutes of the Fed’s meeting suggest the central bankers might be comfortable holding rates steady for at least the rest of the year. Photo: joshua roberts/ReutersFederal Reserve officials were unwilling to conclude they were done raising interest rates when they decided earlier this month to extend a pause in rate increases. But minutes of their most recent policy meeting suggested they might be comfortable holding rates steady for at least the rest of the year.

Persons: joshua roberts Organizations: Reuters Federal Reserve

☆ Biden removes sanctions from Chinese institute in push for fentanyl help
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Washington put the institute on the list in 2020 over alleged abuses against Uyghurs and other minority groups, effectively barring it from receiving most goods from U.S. suppliers. Former Chinese ambassador to the U.S. Qin Gang in an interview last year described it as "shocking" the U.S. would sanction the institute, which he described as essential to controlling fentanyl. The Chinese embassy in Washington did not immediately respond to a request for comment. As part of the meeting, the men agreed to cooperate on addressing the source of the opioid fentanyl, with China promising to go directly after specific chemical companies that make fentanyl precursors. Reporting by Paul Grant and Alexandra Alper; Editing by Doina Chiacu, Chizu Nomiyama and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Joshua Roberts, Biden, U.S . Qin Gang, Xi Jinping, Paul Grant, Alexandra Alper, Doina Chiacu, Chizu Nomiyama, Josie Kao Organizations: of Commerce, REUTERS, Rights, Ministry of Public Security’s Institute of Forensic Science, U.S . Qin, Reuters, Economic Cooperation, U.S . Centers for Disease Control, Prevention, Federal Register, Commerce, Defense, Energy, Treasury, Thomson Locations: Washington , U.S, Beijing, United States, Washington, U.S, San Francisco, Asia, China, State

☆ Walmart can overcome its dulling inflationary edge
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

The company’s top line grew 5.2% in the third quarter from a year earlier while the bottom line swung to a profit. Revenue growth may now slow while costs, including wages, could take longer to come down and squeeze profit margins. Operating expenses ticked up nearly a percentage point, to 21% of net sales, from the previous three quarters. Even if the price of eggs is getting cheaper, there’s no clear reason Walmart’s stock should do the same. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Walmart Doug McMillon, Donald Trump, Eisenhower, Joshua Roberts, Doug McMillon, McMillon isn’t, Jennifer Saba, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Walmart, REUTERS, Reuters, X, Thomson Locations: Washington , U.S, China

☆ US halts exports of most civilian firearms for 90 days
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 27 (Reuters) - The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co. (RGR.N), Smith & Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N), could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Joshua Roberts, Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: of Commerce, REUTERS, Rights, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Overseas, Commerce, Thomson Locations: Washington , U.S, U.S, Washington, Ukraine, Israel

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 9 (Reuters) - The U.S. Army on Monday said it would need Congress to approve additional funding to ensure the Pentagon's munitions production and acquisition plans can simultaneously meet the needs of both Israel and Ukraine. Army Secretary Christine Wormuth made the comments as the U.S. House of Representatives is effectively paralyzed as Republicans work to select a new speaker. Israel, America's closest ally in the Middle East, has declared war after an unprecedented, surprise attack on Saturday by Hamas fighters left hundreds dead. "We need additional support from Congress. "But I would argue, that just as we lean forward with Ukraine, I think the intent is to lean forward in support of Israel," she said.

Persons: U.S . Army Christine E, Wormuth, Joshua Roberts, Christine Wormuth, Israel, America's, Randy George, they've, George, Lloyd Austin, Gerald R, Austin, Phil Stewart, Grant McCool Organizations: U.S . Army, Army, Capitol, REUTERS, Rights, U.S . House, Representatives, Hamas, Defense, Ford Carrier Strike Group, Air Force, Thomson Locations: Washington , U.S, Israel, Ukraine, East . Washington, U.S

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. The latest order is the second major aircraft purchase by United over the past year. In December, it unveiled a huge order of 100 Boeing 787 Dreamliners and 100 737 MAXs. The large 787 order is likely to raise further questions about the future of outstanding United orders for 45 Airbus A350s which have already been deferred to at least 2030. Nocella said while A350 is a "great machine" and there is no change in the company's order, United is focused on its 787 fleet in the short-run.

Persons: Joshua Roberts, Andrew Nocella, Nocella, It's, Valerie Insinna, Rajesh Kumar Singh, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio, Aurora Ellis Organizations: United Airlines Airbus, Washington National Airport, REUTERS, United Airlines, Tuesday, Boeing, Airbus, Reuters, Air Canada, Air France, KLM, U.S, United, Thomson Locations: Washington , U.S, Chicago, United, North America, U.S, Washington, Bengaluru

☆ United Airlines to announce order for 110 Airbus, Boeing jets -sources
▼ + stars: | 2023-10-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. Airbus, Boeing and United declined to comment. Demand has rebounded for long distance widebody jets to meet international travel demand. Weakening pricing power in United's domestic market has sparked concerns about travel demand, reflected in airline share prices. At the time, the order sparked concerns about United Airlines' balance sheet.

Persons: Joshua Roberts, Richard Aboulafia, Jefferies, Aboulafia, Valerie Insinna, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio Our Organizations: United Airlines Airbus, Washington National Airport, REUTERS, Rights, United Airlines, Boeing, Airbus, Reuters, United, Air Canada, Air France, KLM, NYSE, Carriers, Thomson Locations: Washington , U.S, Washington, Bengaluru

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsNEW YORK, Oct 2 (Reuters) - McDonald's (MCD.N) and Wendy's (WEN.O) have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers. Chimienti, a resident of Long Island's Suffolk County, said McDonald's and Wendy's ads depicted undercooked beef patties because meat shrinks 25% when cooked. The complaint quoted a food stylist who said she had worked for McDonald's and Wendy's, and preferred undercooked patties because fully-cooked burgers looked "less appetizing." He said McDonald's and Wendy's were not legally obligated to sell burgers by advertising them, and that their websites provided "prominent, objective information" about the burgers' weight and caloric content. McDonald's, Wendy's and their lawyers did not immediately respond to similar requests.

Persons: Joshua Roberts, Hector Gonzalez, Justin Chimienti, Wendy's Bourbon Bacon Cheeseburger, McDonald's, Chimienti, Wendy's, Gonzalez, Burger King, Taco Bell, Jonathan Stempel, David Gregorio 私たち Organizations: McDonald's Corp, REUTERS, District, Mac, McDonald's, Burger, Restaurant Brands, Yum Brands, Wendy's, Court, Eastern District of Locations: Arlington , Virginia, U.S, Brooklyn, Long Island's Suffolk County, Miami, Eastern District, Eastern District of New York, New York

☆ How would a government shutdown affect US foreign policy?
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +3 min

Some foreign aid programs could also run out of money or have trouble performing their missions. "It would make it harder to do everything that we do to try to advance national security." Contracts awarded before the shutdown would continue, and the Pentagon could place new orders for supplies or services needed to protect national security. SPY AGENCIESThe Central Intelligence Agencies and other intelligence agencies have not publicly shared their plans for a shutdown. But in the past, staff involved in operations, analysis and cyber activities have been deemed critical to national security and ordered to keep working, possibly without pay.

Persons: Joshua Roberts, Biden, Antony Blinken, Lockheed Martin, Patricia Zengerle, Daphne Psaledakis, Mike Stone, Don Durfee, Jonathan Oatis Organizations: REUTERS, Rights, STATE DEPARTMENT U.S, Department of State, State Department, Pentagon, Boeing, Lockheed, Raytheon, National Nuclear Security Administration, Central Intelligence Agencies, Thomson Locations: Washington , U.S, Russia, Ukraine, States, China, U.S

REUTERS/Joshua Roberts Acquire Licensing RightsSept 25 (Reuters) - It's a now-familiar dance: Federal Reserve officials signal to the world that interest rates are not dropping anytime soon. Forecasts published on Wednesday by the U.S. central bank showed that a majority of its policymakers see the Fed's benchmark overnight interest rate ending this year at 5.6%, which implies one more interest rate hike in the next three months. They also now anticipate an end-of-2024 policy rate of at least 5.1%, half a percentage point higher than they projected three months ago. Meanwhile, interest rate futures contracts continue to price in only about a 50% chance of further tightening in 2023, and see a 4.65% policy rate by the end of next year. THE FED'S OWN UNCERTAIN FORECASTSFed policymakers plan to stop raising interest rates once they are convinced inflation is headed down to the central bank's 2% target.

Persons: Joshua Roberts, Preston Caldwell, Jerome Powell, Powell, Morgan Stanley, Ann Saphir, Dan Burns, Paul Simao Organizations: Federal Reserve, REUTERS, Financial, U.S, Fed, Morningstar, Securities, United Auto Workers, Detroit automakers, Reuters, Thomson Locations: Washington , U.S, U.S

☆ McDonald's to raise royalty fees for new US restaurant operators
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The logo for McDonald's restaurant is seen as McDonald's Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts Acquire Licensing RightsSept 22 (Reuters) - McDonald's (MCD.N) is raising royalty fees for new U.S. franchise operators for the first time in nearly three decades, according to an internal letter viewed by Reuters. The burger giant is raising the fees that franchise owners pay for the brand to 5% from 4%, starting Jan. 1, for any new restaurants they open. It will also change the term for payments in the U.S. from "service fees" to "royalty fees", used by all other McDonald's markets around the world. Royalty is a fee paid by restaurant operators to the owner and the rate is set based on the revenue generated by the licensed property.

Persons: Joshua Roberts, Savyata Mishra, Ananya Mariam Rajesh, Shilpi Majumdar Organizations: McDonald's Corp, REUTERS, U.S ., Reuters, Thomson Locations: Arlington , Virginia, U.S, United States, Bengaluru

☆ McDonald's to raise royalty fees for new franchise restaurants in US, Canada
▼ + stars: | 2023-09-22 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

The logo for McDonald's restaurant is seen as McDonald's Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts Acquire Licensing RightsSept 22 (Reuters) - McDonald's (MCD.N) is raising royalty fees for new franchise restaurants in the U.S. and Canada for the first time in nearly three decades, according to a letter viewed by Reuters on Friday, bringing them on par with what it charges in other markets. Northcoast Research analyst Jim Sanderson, however, said the impact of the rate increase on McDonald's revenue would be "very limited", since there are very few new stores opening in the United States. The company will also change the term for payments from "service fees" to "royalty fees", used by all other McDonald's markets around the world. Royalty is a fee paid by restaurant operators to the owner and the rate is set based on the revenue generated by the licensed property.

Persons: Joshua Roberts, Jim Sanderson, Savyata Mishra, Ananya Mariam Rajesh, Granth, Shilpi Majumdar Organizations: McDonald's Corp, REUTERS, Reuters, Northcoast, Thomson Locations: Arlington , Virginia, U.S, Canada, United States, Bengaluru

☆ U.S. airlines flag high fuel costs, Southwest's August bookings disappoint
▼ + stars: | 2023-09-06 | by ( Mehr Bedi | ) www.reuters.com time to read: +2 min

[1/2] A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsSept 6 (Reuters) - Southwest Airlines (LUV.N) on Wednesday flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices. United Airlines (UAL.O) and Alaska Air Group (ALK.N) also warned of higher fuel costs in the current quarter as crude oil prices rose for a third straight month in August, amid signs of tightening supply. In a regulatory filing, United said jet fuel prices have climbed over 20% since mid-July. U.S. airlines do not generally hedge against fuel costs, making them vulnerable to price swings.

Persons: Joshua Roberts, Gerald Laderman, Stephen Trent, Mehr Bedi, Abhijith, Aishwarya Jain, Pooja Desai Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, United Airlines, Alaska Air Group, United, Cowen Transportation Conference, Alaska Air, Citi Research, Thomson Locations: Arlington , Virginia, U.S, Denver, Chicago, Southwest, Bengaluru

☆ Three US airlines warn of higher fuel costs in third quarter
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsSept 6 (Reuters) - Three U.S. airlines on Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts. Shares of Southwest Airlines (LUV.N) fell 4.1%, United Airlines (UAL.O) was down 1.3% and Alaska Air Group (ALK.N) edged lower about 1% before the bell. U.S. airlines do not generally hedge against fuel costs, making them vulnerable to price swings. Southwest Airlines, the largest U.S. domestic carrier, said it expects revenue per available seat mile - a proxy for pricing power - to fall 5% to 7% in the current quarter.

Persons: Joshua Roberts, United, Mehr Bedi, Abhijith, Pooja Desai Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, United Airlines, Alaska Air Group, Alaska Air, Washington State, American Airlines, Delta Air Lines, Thomson Locations: Arlington , Virginia, U.S, Bengaluru

☆ Pentagon plans vast AI fleet to counter China - WSJ
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

The Pentagon is seen from the air in Washington, U.S., March 3, 2022, more than a week after Russia invaded Ukraine. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsSept 6 (Reuters) - The Pentagon is considering the development of a vast network of Artificial Intelligence-powered technology, drones and autonomous systems within the next two years to counter threats from China, the Wall Street Journal reported on Wednesday. Reporting by Urvi Dugar in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Joshua Roberts, Urvi Organizations: Pentagon, REUTERS, Artificial Intelligence, Wall Street, Thomson Locations: Washington , U.S, Russia, Ukraine, China, Bengaluru

Biden's Labor Day prediction that the union would not strike against Detroit's automakers ahead of a Sept. 14 contract deadline was soundly rejected by UAW President Shawn Fain. White House Press Secretary Karine Jean-Pierre said Biden's comments about the UAW over Labor Day was him being "an optimistic person." The White House has tried to play a role in several recent large-scale union contract negotiations involving rail workers and West Coast port workers. Trump won Michigan in 2016, helping propel him to the White House; Biden beat him by 154,000 votes in Michigan in 2020. Around half a million more threatened strikes in the first half of 2023, estimates from national labor unions show.

Persons: Joe Biden's, Biden, Biden's, Shawn Fain, Fain, Karine Jean, Pierre, Kate Bronfenbrenner, Donald Trump, Trump, Joe Biden, Joshua Roberts, Harley Shaiken, Shaiken, Nandita Bose, David Shepardson, Joseph White, Heather Timmons, Deepa Babington Organizations: UAW, Biden's Labor, Detroit's, House Press, Labor, General Motors, Ford, carmakers, Anderson Economic, Cornell University's School of Industry & Labor Relations, White House, Wednesday, Workers, Republican, Michigan, State Labor, Metal Workers, Local, REUTERS, University of California, Bureau of Labor Statistics, EV, White, Energy Department, Teamsters, UPS, House, Thomson Locations: Detroit, America, Pennsylvania, Michigan, West Coast, Philadelphia , Pennsylvania, U.S, Berkeley, Michigan , Ohio , Indiana , Illinois, Belvidere , Illinois, Washington

[1/7] U.S. President Joe Biden delivers remarks celebrating Labor Day and honoring America’s workers and unions at the Annual Tri-State Labor Day Parade at Sheet Metal Workers' Local Union 19, in Philadelphia, Pennsylvania, U.S., September 4, 2023. A self-described champion of labor unions, Biden addressed union workers in Philadelphia as he sought to explain his economic policies to a public worried about the economy, despite easing inflation and low unemployment levels. "It wasn't that long ago we were losing jobs in this country," Biden said ahead of a parade marking the U.S. Labor Day holiday. Economic issues are likely to play a critical role in the 2024 presidential race, a likely rematch between Biden and Trump. A Reuters/Ipsos poll last month showed that the economy, unemployment and jobs remained Americans' top concern.

Persons: Joe Biden, Joshua Roberts, Donald Trump, Biden, Trump, nibbled, Jerome Powell, Trevor Hunnicutt, Jeff Mason, Scott Malone, Tomasz Janowski Organizations: Labor, State Labor, Metal Workers, Local, REUTERS, Rights, U.S, Biden, Reuters, Trump, Republican, Workers, International Union Local, week's Labor Department, Milwaukee Journal, Sentinel, Republicans, Thomson Locations: Philadelphia , Pennsylvania, U.S, Philadelphia, America, China, Pennsylvania, Rehoboth Beach , Delaware

☆ Biden takes economic pitch to battleground Pennsylvania
▼ + stars: | 2023-09-04 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +3 min

[1/3] U.S. President Joe Biden gestures while boarding Air Force One as he departs for Philadelphia, Pennsylvania from Dover, Delaware, U.S., September 4, 2023. Inflation by the Fed's preferred gauge, however, has moved down to 3.3% from its peak of 7% last summer. U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, according to data released by the Labor Department last week. The White House notes inflation-adjusted income is up 3.5% since Biden came into office in January 2021, with lower-wage workers benefiting, and the unemployment rate is close to a 50-year low. Pennsylvania and a handful of other political battleground states that fluctuate between supporting Democrats and Republicans in presidential elections will help determine who leads the country after next year.

Persons: Joe Biden, Joshua Roberts, Biden, Donald Trump, Jerome Powell, Jeff Mason, Mary Milliken, Deepa Babington Organizations: Air Force, REUTERS, Labor, Florida, Hurricane Idalia, Democrat, AFL, White, Republicans, Democratic, Labor Department, Milwaukee Journal, Sentinel, Reuters, Pennsylvania, Thomson Locations: Philadelphia , Pennsylvania, Dover , Delaware, U.S, REHOBOTH BEACH , Delaware, Philadelphia, Delaware, Pennsylvania, what’s

The logo for McDonald's restaurant is seen as McDonald's Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. Circuit Judge Frank Easterbrook wrote that those questions "can’t be answered by observing that any given franchise contract, viewed by itself, expands the output of food." Two former McDonald's workers were appealing a 2022 ruling by U.S. District Judge Jorge Alonso in Chicago dismissing claims the agreements stifled competition and depressed their wages. McDonald's in court filings has said it stopped requiring franchisees to sign no-poach agreements in 2017. The 7th Circuit on Friday also said the district court judge should rethink his ruling declining to certify a nationwide class in the lawsuit.

Persons: Joshua Roberts, Frank Easterbrook, can’t, McDonald's, Jorge Alonso, Biden, Daniel Wiessner, Mark Potter Organizations: McDonald's Corp, REUTERS, U.S, Circuit, Appeals, District, Democratic, D.C, Thomson Locations: Arlington , Virginia, U.S, Chicago, United States, Washington, Albany , New York

☆ Southwest Airlines reaches tentative agreement with transport workers union
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsAug 15 (Reuters) - Southwest Airlines Co (LUV.N) said on Tuesday it had reached a tentative agreement with the union that represents about 17,120 transport workers who handle ramp, operations, provisioning and cargo. The workers will now earn $36.72 per hour, higher than the hourly wages at United Airlines Holdings (UAL.O) and Delta Air Lines Inc (DAL.N), based on the tentative agreement uploaded on Transport Workers Union Local 555's website. Recently, pilots at rival Delta Air Lines and American Airlines also reached new labor agreements with the companies, while Southwest is yet to strike a new deal with its pilots. In June, Southwest agreed to a tentative agreement with its more than 2,800 mechanics and related employees.

Persons: Joshua Roberts, Ananta agarwal, Shilpi Majumdar, Shinjini Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, Southwest Airlines Co, United Airlines Holdings, Delta Air Lines Inc, Transport Workers Union, Delta Air Lines, American Airlines, Thomson Locations: Arlington , Virginia, U.S, Southwest

Search resuls for: "Joshua Roberts"

25 mentions found