Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "LUCIA"


25 mentions found


Moderate US job growth slowdown expected in September
  + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +6 min
The Labor Department's closely watched employment report on Friday is also expected to show wage gains remaining elevated. Eighteen months after the Federal Reserve started raising interest rates, the labor market is only gradually easing. Labor market resilience, which is underpinning demand in the economy, raises the risk that the U.S. central bank could hike rates again by year end. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in August. Wage growth likely remained solid, with average hourly earnings forecast to have risen 0.3% after climbing 0.2% in August.
Persons: Elizabeth Frantz, Nick Bunker, Nonfarm, payrolls, Veronica Clark, Clark, Megan Way, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Labor, Federal Reserve, Citigroup, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Hollywood, Babson College, Thomson Locations: Arlington , Virginia, U.S, y WASHINGTON, Tampa , Florida, Payrolls, New York, Washington ., Wellesley , Massachusetts
Further Fed rate hike comes into view as job growth soars
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: +1 min
An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. Implied yields on contracts tied to the Fed policy rate pointed to a nearly 50% chance the Fed will lift the benchmark short-term borrowing rate a quarter of a percentage point to the 5.50%-5.75% range at its December meeting. Before the jobs report, traders had given a quarter-point rate hike then about a 34% chance. The report, expected to show non-farm payrolls increased by 170,000 in September but in fact showing employers added 336,000 jobs, also had traders paring bets on Fed rate cuts next year. Futures contracts now price in a Fed policy rate of 4.69% at the end of next year, up from the 4.59% seen before the report.
Persons: Elizabeth Frantz, Tim Ghriskey, Ingalls & Snyder, Ann Saphir, Sinead Carew, Lucia Mutikani, Chizu, Christina Fincher Organizations: REUTERS, Federal Reserve, Ingalls &, Thomson Locations: Arlington , Virginia, U.S
US job growth sizzles; wage inflation cooling
  + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +6 min
The report followed news this week that job openings jumped in August and first-time applications for unemployment benefits remained low in September. "Moreover, it underscores that they will be in no hurry to cut rates - higher rates for longer." The economy needs to create roughly 100,000 per month to keep up with growth in the working-age population. Monthly wage growth also remained moderate, with average hourly earnings rising 0.2% after a similar gain in August. But as fewer people quit their jobs in search of greener pastures, wage growth could moderate, though recent hefty union contracts pose a risk.
Persons: Elizabeth Frantz, Kathy Bostjancic, Lucia Mutikani, Andrea Ricci, Chizu Organizations: REUTERS, Federal Reserve, Labor Department, Financial, Treasury, Nationwide, Reuters, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Manufacturing, Labor, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, payrolls, Washington .
Trade balanceExports of goods and services increased 1.6% to $256.0 billion. Goods imports dropped 0.9% to $256.0 billion amid declines in imports of consumer and capital goods, potentially flagging softening domestic demand amid higher borrowing costs. Cell phones and other household goods accounted for the drop in consumer goods imports. The decrease in capital goods imports reflected declines in semiconductors and electric apparatus. Services imports increased $0.1 billion to $58.4 billion, supported by travel and other business services.
Persons: Andrew Kelly, Christopher Rupkey, Unadjusted, nonfarm payrolls, Oscar Munoz, Goldman Sachs, Veronica Clark, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, Federal Reserve, Labor Department, Reuters, Employers, Institute for Supply Management, United Auto Workers, UAW, Ford, General Motors, Chrysler, Treasury, Challenger, Labor, Securities, Commerce Department, Goods, Services, Citigroup, Thomson Locations: Manhattan , New York City , New York, U.S, WASHINGTON, New York, Ohio, California
US services sector growth slows moderately
  + stars: | 2023-10-04 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +7 min
The survey's measure of new orders received by services businesses dropped to 51.8, the lowest level since December, from 57.5 in August. PRICES REMAIN ELEVATEDDespite the slowdown in new orders, services businesses continued to face higher prices. A gauge of prices paid by services businesses for inputs was unchanged at 58.9. Some economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures (PCE) inflation. The ISM's gauge of services sector employment dipped to 53.4 from 54.7 in August, which mostly reflected supply issues.
Persons: Amira Karaoud, Kurt Rankin, tightens, September's, Goldman Sachs, Lucia Mutikani, Paul Simao, Andrea Ricci, Will Dunham Organizations: REUTERS, PMI, Institute for Supply Management, Federal Reserve, PNC Financial, United Auto Workers, Retailers, Treasury, Fed, ADP, Conference Board, Stanford Digital Economy, Labor Department's Bureau of Labor Statistics, Goldman, BLS, Thomson Locations: Louisville, U.S, WASHINGTON, Pittsburgh
Private payrolls rose by 89,000 jobs last month, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private employment would rise by 153,000. The ADP report, jointly developed with the Stanford Digital Economy Lab, was published ahead of the release on Friday of the Labor Department's more comprehensive and closely watched employment report for September. The ADP report has not been a reliable gauge in trying to predict the private payrolls count in the employment report. According to a Reuters survey of economists, the Bureau of Labor Statistics is expected to report that private payrolls increased by 160,000 jobs in September.
Persons: Amira Karaoud, payrolls, Lucia Mutikani, Paul Simao, Andrea Ricci Organizations: REUTERS, Rights, ADP, Reuters, Federal Reserve, Conference Board, Stanford Digital Economy, Labor, of Labor Statistics Locations: Louisville, U.S
US service sector slows modestly in September -ISM survey
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +2 min
Despite the slowdown in new orders, services inflation remained elevated. The services sector is at the center of the Fed's battle to bring inflation down to its 2% target. Services prices tend to be stickier and less responsive to rate hikes. Some economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures (PCE) inflation. A measure of services sector employment fell to 53.4 from 54.7 in August.
Persons: Lucia Mutikani, Andrea Ricci Organizations: Institute for Supply Management, PMI, Fed, Thomson Locations: U.S
US factory orders beat expectations in August
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +1 min
Factory orders rebounded 1.2% after falling 2.1% in July, the Commerce Department said on Wednesday. Orders rose 0.5% on a year-on-year basis in August. Civilian aircraft orders fell 15.9%, while motor vehicle orders rose 0.3%. Manufactured goods inventory rose 0.3%, while unfilled orders increased 0.4%. Shipments of these so-called core capital goods rose by an unrevised 0.7%.
Persons: Charles Mostoller, Lucia Mutikani, Andrea Ricci Organizations: BMW, REUTERS, Rights, U.S, Commerce Department, Reuters, Manufacturing, Federal Reserve, Machinery, Civilian, Thomson Locations: Greer , South Carolina, U.S
Emma Tucker's Wall Street Journal laid off staff in its Hong Kong bureau, and three company insiders said they were bracing for more cuts in the newsroom. The Hong Kong layoffs affected seven editors on a desk that puts finishing touches on stories before they're published, two sources said. People with direct knowledge said they believed the company was looking to save money by shifting the work to other offices. The Hong Kong cuts came shortly after Tucker revealed in September her plan to revive the newsroom with an "audience-first" model, which has fueled speculation that a reorg could be on the way. Hong Kong is the latest example of cuts to the storied newsroom that have dribbled out over the past few months, in keeping with the Journal's practice of trimming small numbers of people.
Persons: Emma Tucker's, they're, Tucker, Rupert, Karen Pensiero, Neal Lipschutz, Jason Anders, Matthew Rose, She's, it's Organizations: Journal, Hong Kong, Rupert Murdoch's News Corp, Sunday Times Locations: Hong Kong, London, Hong
US job openings jump in August; quits rate unchanged
  + stars: | 2023-10-03 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +4 min
The jump reported by the Labor Department in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday snapped three straight monthly declines in job openings. There were 1.5 job openings for every unemployed person in August and the quits rate was unchanged. Data for July was revised higher to show 8.920 million job openings instead of the previously reported 8.827 million. Economists polled by Reuters had forecast 8.800 million job openings in August. The job openings rate increased to 5.8% from 5.4% in July.
Persons: Elizabeth Frantz, Jeffrey Roach, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: REUTERS, Federal Reserve, Labor Department, Labor, Survey, Fed, LPL Financial, Reuters, Treasury, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, Charlotte , North Carolina, State, Hollywood
Netflix replaced its top advertising executive, Jeremi Gorman, after just a year, in a surprise shakeup of its nascent ads business. Insiders said they believed the choice of Reinhard to replace Gorman was a move designed to help sell the advertising business internally. But she's been with the company since 2016 and is known as a level-headed exec who understands the Netflix culture well. This summer, the company eliminated its lowest-priced ad-free tier to incentivize customers to sign up for the ads tier. We've built a world-class team and laid the foundations needed to create a forever ads business."
Persons: Jeremi Gorman, Gorman, Peter Naylor —, Amy Reinhard, Naylor, Reinhard, Greg Peters, Eunice Kim, Elizabeth Stone, she's, She's, they've, We've, Spencer Neumann, Peters Organizations: Netflix, Microsoft, Yahoo
In the sports world, betting and gambling startups have started the last two years raising fewer and fewer funding dollars. While funding is harder to come by, startups are also facing changes in the world of sports business and technology. Insider recently released a list of the top VCs investing in sports and asked their founders, CEOs, partners, and directors what they would tell startups trying to break through. Chris GroveKey investments: Acies Investments and EKG Ventures are focused on sports, gambling, and technology. When we invest in a tech company, we have four criteria.
Persons: Tom Loverro, Cole Van Nice, Chris Grove, Chris, you've, There's, Courtside, Tom Brady, Michael Strahan's, Meredith McPherron, Alex Rodriguez, Topgolf Callaway, Brad Farkas, Steve Ahern, Lance Dietz, Craig Thompson, Michael Proman, Proman, Wayne Kimmel, SeventySix, It's, Lloyd Danzig, Sharp Organizations: Elysian Park, Acies Investments, EKG Ventures, Courtside Ventures, of Sports, Elysian Park Ventures, Club, Kinetics, PGA of America, HBSE Ventures, KB Partners, Mindspring, Scrum Ventures, Ventures, Japanese, Boom Entertainment, SeventySix, Vegas Sports Information, Inc, Entrepreneurs, Sharp Alpha Advisors Locations: Chris Grove, Chicago
A separate report from the Commerce Department showed construction spending increased 0.5% in August after rising 0.9% in July, lifted by outlays on single- and multi-family housing. Spending on private construction projects rose 0.5%, with investment in residential construction advancing 0.6% after increasing 1.6% in the prior month. The construction spending report showed outlays on multi-family housing projects rose 0.6% in August. Spending on new single-family construction projects rose 1.7%. Spending on manufacturing construction projects shot up 1.2%.
Persons: Kamil Krzaczynski, Paul Ashworth, outlays, Freddie Mac, Biden, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Institute for Supply Management, PMI, North America Economist, Capital Economics, Reuters, United Auto Workers, Treasury, Commerce Department, Thomson Locations: Normal , Illinois, U.S, WASHINGTON, Toronto, Panama, China, United States, State
The personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, edged up 0.1% last month. Economists polled by Reuters had forecast the core PCE price index would climb 0.2%. In the 12 months through August, the so-called core PCE price index increased 3.9%. It was the first time since June 2021 that the annual core PCE price index was below 4.0%. In the 12 months through August, the PCE price index advanced 3.5% after gaining 3.4% in July.
Persons: Conrad DeQuadros, Bing Guan, David Russell, Scott Anderson, Lucia Mutikani, Paul Simao Organizations: Federal Reserve, Commerce Department, Brean, Reuters, University of Michigan, Consumers, REUTERS, Treasury, Financial, BMO Capital Markets, Retailers, Thomson Locations: WASHINGTON, U.S, New York, SoHo, New York City, San Francisco
WASHINGTON, Sept 29 (Reuters) - U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. With gasoline price surging, inflation as measured by the personal consumption expenditures (PCE) price index rose 0.4% in August after climbing 0.2% in July. In the 12 months through August, the PCE price index advanced 3.5% after rising 3.4% in July. The annual PCE inflation is also being lifted by a lower base of comparison last year. The so-called core PCE price index increased 3.9% on a year-on-year basis in August after rising 4.3% in July.
Persons: Lucia Mutikani, Paul Simao Organizations: Consumer, Commerce Department, Reuters, U.S . Energy Information Administration, Federal Reserve, Fed, Thomson Locations: U.S
Underlying US inflation pressures subside in August
  + stars: | 2023-09-29 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +4 min
Economists polled by Reuters had forecast the core PCE price index would climb 0.2%. In the 12 months through August, the so-called core PCE price index increased 3.9%. It was the first time since June 2021 that the annual core PCE price index was below 4.0%. In the 12 months through August, the PCE price index advanced 3.5% after gaining 3.4% in July. Policymakers are focused on the super core price measure as they try to gauge progress in their fight against inflation.
Persons: Bing Guan, Rubeela Farooqi, Lucia Mutikani, Paul Simao Organizations: REUTERS, Federal Reserve, Commerce Department, Reuters, U.S . Energy Information Administration, Treasury, Fed, Financial, Thomson Locations: SoHo, New York City, U.S, WASHINGTON, White Plains , New York
This was most prevalent in first-quarter GDP data, before the government resolved the problem in 2018. GDP in the first quarter of 2020 was revised down to show it contracting at a 5.3% annualized rate, instead of the previously reported 4.6% pace. In the first quarter of 2021, GDP increased at a 5.2% rate rather than the previously published 6.3% pace, with consumer spending revised lower. In 2022, GDP contracted at a 2.0% rate in the first quarter, revised down from the previously reported 1.6% pace. The gap was less than 0.1% of GDP in 2022, revised from −0.6%.
Persons: Dave Wasshausen, Lucia Mutikani, Andrea Ricci Organizations: Analysis, BEA, Gross, Federal Reserve, Thomson
Discovery — would rip the curtain back on the data secrecy practiced by the streamers, that's not quite what happened. And it's not just creators hoping for bigger residual checks who are eager for more transparency about streaming data. As Netflix, Disney, and more companies pitch new ad-supported streamers, advertisers have griped that streamers have been slow to share the data about audience numbers and composition. Brands investing in films for distribution on streamers also are clamoring for more data to understand how many people are watching them. The WGA can share the data with its broader membership, but only in aggregated form.
Persons: that's, , Tom Ara, DLA Piper, Kevin Krim, Ashwin Navin, Pryor Cashman, Simon Pulman, It's, Ted Hope, Hope Organizations: Netflix, Disney, Writers Guild of America, Alliance, Producers, Warner Bros, EDO, Brands, Samba, WGA, Nielsen
That could mean a delay in the much-anticipated announcement of the annual cost of living adjustment (COLA) to the monthly benefits paid out by the Social Security Administration. The new rate will start to be paid to Social Security retirement benefits recipients in January 2024, while payments to SSI beneficiaries typically change at the end of each December. "A delay of the CPI release may have an impact on the COLA announcement by the Social Security Administration," according to a Labor Department memo detailing how a shutdown would affect agency operations. Last year, with annual inflation raging near the highest in four decades, the COLA announced for 2023 payments was 8.7%, the largest increase since 1981 and the fourth biggest ever. Still, whatever COLA is announced for 2024 is unlikely to offer the same buffer over inflation as recipients enjoyed in 2023.
Persons: Price, Dan Burns, Lucia Mutikani, Lisa Shumaker Organizations: U.S . Labor Department, Bureau of Labor Statistics, Social Security Administration, Social Security, CPI, Urban, Clerical Workers, BLS, Labor Department, SSA, COLA, U.S . Federal, Social, Thomson
Tight labor market conditions continue to prevail, with the number of Americans filing new claims for unemployment benefits rising slightly last week, other data showed on Thursday. Some economists believe that the economy's resilience and tight labor market could give the Federal Reserve ammunition to raise interest rates again in November. Reuters GraphicsSTRONG LABOR MARKETThe economy is being underpinned by a resilient labor market, which is driving strong wage gains. The labor market has continued to hold its own so far. The unemployment rate increased to 3.8% in August from 3.5% in July.
Persons: Mike Blake, Christopher Rupkey, Lucia Mutikani, Paul Simao Organizations: Port, REUTERS, Federal Reserve, Gross, Reuters Graphics, U.S . House, United Auto Workers, General Motors, Ford, Labor Department, Reuters, Thomson Locations: Port of Los Angeles, San Pedro , California, U.S, WASHINGTON, New York
Amazon revealed new stats about its viewers to ad buyers to pitch Prime Video advertising, which will roll out early next year. Prime Video users can opt out of advertising by paying $2.99 more per month. The stats suggest that advertisers will be able to target younger viewers with Prime Video ads. Prime Video ads will appear in Originals content as well as licensed TV and movies, according to the document. And while Amazon hasn't shared pricing for Prime Video ads, advertisers expect them to be priced reasonably.
Persons: Jake Gyllenhaal, Anne Hathaway, Smith, Amazon, Jon Morgenstern, OTT, We're, Netflix hasn't Organizations: Amazon, Intelligence, YouTube, Netflix, Disney Locations: Canada, Germany, France, Spain, Italy, Mexico, Australia, Amazon's, VaynerMedia
WTA roundup: Top seed Iga Swiatek survives in Tokyo
  + stars: | 2023-09-27 | by ( ) www.reuters.com   time to read: +1 min
Swiatek rallied from 4-1 down in the first set and squandered a 5-1 lead in the second set before prevailing in just over two hours. 8 seed Veronika Kudermetova of Russia, who defeated Kayla Day 6-3, 6-3 in second-round action at the WTA 500 event. 7 seed Liudmila Samsonova fell in straight sets to fellow Russian Ekaterina Alexandrova, 6-4, 6-2. 1 seed Ons Jabeur of Tunisia eased into the quarterfinals in Ningbo, China, with a 6-3, 6-2 win over Germany's Tamara Korpatsch. 4 Anna Blinkova of Russia 6-3, 3-6, 6-1.
Persons: Iga Swiatek, Slovenia's Kaja Juvan, Brendan Mcdermid, Mai Hontama, Swiatek, Veronika Kudermetova, Kayla Day, Jessica Pegula, Spain's Cristina Bucsa, Liudmila Samsonova, Ekaterina Alexandrova, Germany's Tamara Korpatsch, Jabeur, Russia's Vera Zvonareva, Clara Tauson, Dane, Katerina Siniakova, Linda Fruhvirtova, Anna Blinkova, Lucia Bronzetti, Nadia Podoroska Organizations: Slovenia's Kaja Juvan REUTERS, Pan, WTA, Thomson Locations: Flushing Meadows , New York, United States, Poland, Tokyo, Russia, Ningbo, Jabeur, Tunisia, China, Czech, Romania, Italy, Argentina
Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. Part of the surprise increase in durable goods orders reported by the Commerce Department on Wednesday, however, likely reflected higher prices as inflation picked up last month. Economists polled by Reuters had forecast durable goods orders falling 0.5% last month. These so-called core capital goods orders were previously reported to have edged up 0.1% in July. Core capital goods shipments rebounded 0.7% after falling 0.3% in July.
Persons: Lucy Nicholson, Priscilla Thiagamoorthy, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Commerce Department, BMO Capital Markets, Reuters, Machinery, Institute, Supply, PMI, United Auto Workers, General Motors Co, Ford, Thomson Locations: Los Angeles , California, U.S, WASHINGTON, Toronto, muddle
Sports has become a hot category for venture-capital investors in recent years. While other private investors like private equity firms have set their sights mainly on teams and leagues — looking to cash in on the rising costs of media rights and the growth of live events — early-stage investors are pouring money into startups innovating in areas like sports betting, esports, sports technology, analytics companies, NIL, and more. Insider is highlighting prominent venture-capital investors who are funding startups in sports. Insider compiled this list of investors based on our own reporting as well as nominations we vetted from readers and industry experts. Here are the 26 venture capital and other early-stage investors — listed alphabetically by company — that have made prominent investments in sports in 2023:
Persons: Brad Farkas, Pareek, Jake Paul, Joey Levy's Organizations: HBSE Ventures, trampolines
Milan CNN —Milan Fashion Week picked up where London left off last Wednesday, at least weather-wise. Both hit their strides with highly well received collections, as did a number of other familiar faces to Italy’s fashion capital. Overall, however, the festivities showed a consistency of form that continues to make the Italian city Paris’s greatest rival to the fashion scene throne. Cinematic sets and performative showsAlongside the clothes, many brands made their sets a main talking point at fashion week. Lodovico Colli di Felizzano/WWD/Getty ImagesRyan Gosling and Juila Roberts were among the star-studded crowd to pile into the Gucci show.
Persons: Milan, Gucci, Sabato de Sarno, Tom Ford’s, Peter Hawkings, Ford’s, Versace, Giulio Tanzini, Julia Roberts, Ryan Gosling, Gabrielle Union, Jessica Chastain, Paul Mescal, Jodie Comer, Emma Watson, Scarlett Johansson, Benedict Cumberbatch, Prada, Kate Moss, Linda Evangelista, Naomi Campbell, Anna Wintour, Kim Jones, Karl Lagerfeld, Rome, Tom Ford, georgette, Brigitte Bardot, Priscilla Presley, Lorenzo Serafini, Max Mara, Ian Griffiths, Carlyne Cerf, Dudzeele, Katie Grand, Lucia Liu, Gabriella Karefa, Johnson, Franco, Jeremy Scott, Cerf, Lucia Liu’s, Donatella Versace, Kendall Jenner, Gigi Hadid, Natalia Bryant, Precious Lee, Claudia Schiffer, lacy, Simone Bellotti, Francesca Murri, Matthieu Blazy, Blazy, Italy —, , Paolo Fichera, Cavalli, Fendi, Shawn Kolodny, Pietro S, Beate Karlsson, Avavav, Sabato de Sarno's, Gregoire Avanel, Tom Ford's, Gaspar Ruiz, Pietro D'Aprano, Mattieu, Alfonso Catalano, Kim Jones nodded, Fendi Jones, Daniele Venturelli, Zakirova, Lodovico Colli di, Juila Roberts, Roberto Cavalli, Isidore Montag Organizations: Milan CNN — Milan, London, Bottega Veneta, Diesel, Prada, Britain’s Land Army, Dolce, Gabbana, Bally, Fondazione Prada, Accademia di Brera, Getty, Gucci Locations: British, Milan, Bottega, Hollywood, Fendi, organza, Los Angeles, Cannes, Bottega Veneta, Italy, French, Belgian, , Missoni, Milan’s, Sunnei, Stockholm
Total: 25