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☆ Lazard CEO warns of more Wall Street layoffs
▼ + stars: | 2022-12-07 | by ( Manya Saini | ) www.reuters.com time to read: +2 min

[1/2] The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. Rivals Goldman Sachs Group Inc (GS.N) and Citigroup Inc (C.N) have also culled some staff. Elsewhere on Wall Street, BlackRock Inc (BLK.N), the world's largest asset manager, has also frozen hiring except in critical roles. "When I talk to our clients, they sound extremely cautious," Goldman Sachs CEO David Solomon told investors Tuesday. Reporting by Manya Saini and Noor Zainab Hussain in Bengaluru; Additional reporting by Lananh Nguyen in New York; Editing by Krishna Chandra Eluri, Lananh Nguyen and Anna DriverOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Vinicius Jr looking to terminate Nike deal, report says
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Nike swoosh logo is seen outside the store on 5th Avenue in New York, New York, U.S., March 19, 2019. REUTERS/Carlo AllegriSAO PAULO, Dec 4 (Reuters) - Brazil's Real Madrid forward Vinicius Jr is trying to terminate his sponsorship agreement with Nike Inc (NKE.N), website UOL reported on Sunday, saying the player feels he has been getting unfair treatment from the U.S.-based company. Vinicius Jr, who is currently with the national team at the Qatar World Cup, has contacted lawyers to seek litigation aimed at ending the deal that runs until 2028, the report said. Nike did not immediately respond to requests for comment outside business hours. The 22-year-old Vinicisu Jr has been one of Nike's biggest assets in Brazil, who are also sponsored by the U.S. sportswear maker, after the company terminated its endorsement deal with Neymar in 2021.

☆ Amazon UK adds e-cargo bikes, walkers in decarbonisation drive
▼ + stars: | 2022-11-24 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: An Amazon delivery person pulls a cart full of packages in the Manhattan borough of New York City, New York, U.S., December 10, 2021. REUTERS/Carlo Allegri/File PhotoLONDON (Reuters) - Amazon UK said it would expand its electric-cargo bike fleet and make more deliveries on foot to accelerate the decarbonisation of the transportation network it uses to deliver packages across the country. Amazon is targeting net-zero carbon by 2040 and said that the extra e-cargo bikes, a four-wheeled vehicle with handlebars and a container on the back, and the walkers would carry 2 million deliveries a year. In 2021, Amazon delivered more than 45 million packages using its electric fleet. As well as the electric bikes, it already has 1,000 electric delivery vans and five fully electric heavy goods vehicles in its fleet.

☆ U.N. General Assembly calls for Russia to make reparations in Ukraine
▼ + stars: | 2022-11-14 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +3 min

Nov 14 (Reuters) - The United Nations General Assembly on Monday called for Russia to be held accountable for its conduct in Ukraine, voting to approve a resolution recognizing that Russia must be responsible for making reparations to the country. General Assembly resolutions are nonbinding, but they carry political weight. Ukrainian Ambassador to the U.N. Sergiy Kyslytsya told the General Assembly before the vote that Russia has targeted everything from factories to residential buildings and hospitals. Fourteen countries voted against the resolution on Monday, including Russia, China and Iran, while 73 abstained, including Brazil, India and South Africa. In March, 141 members of the General Assembly voted to denounce Russia's invasion, and 143 in October voted to condemn Moscow's attempted annexation of parts of Ukraine.

☆ COP27: U.N. to hunt sources of climate-warming methane from space
▼ + stars: | 2022-11-11 | by ( Richard Valdmanis | ) www.reuters.com time to read: +3 min

The system, dubbed MARS or Methane Alert and Response System, will build on a pledge signed by 119 countries since last year to cut methane emissions by 30% this decade, a goal scientists say is crucial to averting extreme climate change. "The Methane Alert and Response System is a big step in helping governments and companies deliver on this important, short-term climate goal," Inger Andersen, executive eirector of the U.N. "Reducing methane emissions can make a big and rapid difference, as this gas leaves the atmosphere far quicker than carbon dioxide." UNEP’s International Methane Emissions Observatory will then share information about the leak with whoever is responsible in the hope they will find the cause of the leak and repair it. U.S. Special Climate Envoy John Kerry, who helped spearhead the Global Methane Pledge to cut methane emissions last year, called the new system "critical" to climate efforts.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. A split government could result in political gridlock that stymies major policy changes, an outcome that investors see as favorable for equities. Shares of Meta Platforms Inc (META.O) climbed 5.4% following a report that the company was planning to begin large-scale layoffs this week. Advancing issues outnumbered decliners for a 1.31-to-1 ratio on the NYSE and a 1.10-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and two new lows, while the Nasdaq recorded 43 new highs and 95 new lows.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo AllegriSummarySummary Companies Meta Platforms rises on report of job cutsFutures up: Dow 0.22%, S&P 0.21%, Nasdaq 0.23%Nov 7 (Reuters) - U.S. stock indexes were set to open higher on Monday following a rollercoaster week, with investor focus shifting to Tuesday's midterm elections that will determine control of Congress. Traders are now betting on 67% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December. ET, Dow e-minis were up 72 points, or 0.22%, S&P 500 e-minis were up 7.75 points, or 0.21%, and Nasdaq 100 e-minis were up 25.25 points, or 0.23%. The CBOE Volatility index (.VIX), also known as Wall Street's fear gauge, rose to 25.38 points a day after closing at its lowest since Sept. 13.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. "In general we have seen stocks perform better after a split government, I expect that to continue." Economists expect the annual consumer prices inflation to slow to 8.0% and the core numbers to dip to 6.5%. Both the midterm elections and inflation are likely to provide major cues for Wall Street after a volatile week dominated by mixed jobs report and hawkish comments from Fed Chair Jerome Powell. All the three major U.S. stock indexes are in bear market territory, from their previous record closing highs.

☆ Berkshire's Brooks running unit settles trademark case against Brooks Brothers
▼ + stars: | 2022-10-26 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

REUTERS/Carlo AllegriOct 26 (Reuters) - Brooks, the running shoe unit of billionaire Warren Buffett's Berkshire Hathaway Inc (BRKa.N), has settled a lawsuit accusing the retailer Brooks Brothers of diluting its reputation and confusing customers by marketing athletic wear with the "Brooks" name, but without "Brothers." It objected last year to Brooks Brothers' launch of "faux" athletic wear, saying it threatened to "demoralize" consumers who associate the Brooks name with high-quality athletic wear, and to Brooks Brothers' "Back to Brooks" marketing campaign. Brooks Brothers countered that the lawsuit was an "ill-conceived ploy" to evade the coexistence agreement, and demanded Brooks' compliance. Founded in 1818, Brooks Brothers is the oldest continually-operating U.S. clothing retailer. The case is Brooks Sports Inc v SPARC Group LLC, U.S. District Court, Western District of Washington, No.

☆ NYC Marathon to harness livestream in fight to attract new fans
▼ + stars: | 2022-10-26 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

[1/2] Athletics - TCS New York City Marathon - New York, United States - November 7, 2021 People react at the finish line. REUTERS/Carlo AllegriNEW YORK, Oct 26 (Reuters) - The New York City Marathon is embracing livestreaming in a fight to create a new generation of athletics fans this year, becoming the first marathon major to broadcast the race live on its mobile app, organisers said on Wednesday. The marathon on Nov. 6 will already be broadcast to some 530 million homes worldwide but organisers hope the livestream will reach existing fans abroad without access to a traditional telecast. "So if you have content and you have valuable content, you have to migrate where the audience is." For Des Linden, a two-time Olympian who won the Boston Marathon in 2018, the appeal of livestreaming in athletics is simple.

☆ Explainer: COVID, flu and RSV this U.S. winter: Why experts are worried
▼ + stars: | 2022-10-26 | by ( Nancy Lapid | ) www.reuters.com time to read: +3 min

REUTERS/Carlo Allegri/File PhotoOct 26 (Reuters) - U.S. doctors are warning that a surge in cases of respiratory syncytial virus (RSV) is coinciding with an increase in COVID transmission and an earlier-than-normal flu season, raising the specter of a "tripledemic" of respiratory illness this winter. In particular, RSV infections among young children are reportedly filling some U.S. hospitals to capacity. Older children and most adults typically experience mild, cold-like symptoms. In the meantime, it is important "for everyone to get up to date on their COVID and flu vaccines," Varma said. Part of the increase in RSV cases is due to the relaxation of COVID-precautions, such as masking and social distancing, which reduced rates of both RSV and flu during the pandemic, Varma said.

☆ U.S., European shares climb on hopes Fed will slow rate hike pace
▼ + stars: | 2022-10-24 | by ( Chris Prentice | Amanda Cooper | ) www.reuters.com time to read: +4 min

WASHINGTON/LONDON (Reuters) - U.S. shares extended last week’s rally and European shares climbed on Monday as signs of a cooling U.S. economy stoked hopes that the Federal Reserve will slow its pace of rate hikes. FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. Slideshow ( 2 images )Fed officials indicated that the pace of tightening would be at the heart of any policy debate at November’s meeting. Chinese blue chips slid almost 3%, while Hong Kong shares fell 6.4%, their biggest one-day drop since the financial crisis. In commodities, gold prices were under pressure from a firm dollar and the elevated U.S. bond yields.

☆ U.S., European shares rise on hopes Fed will slow rate hike pace
▼ + stars: | 2022-10-24 | by ( Chris Prentice | Amanda Cooper | ) www.reuters.com time to read: +6 min

WASHINGTON/LONDON (Reuters) -U.S. and European shares rose on Monday as signs of a cooling U.S. economy raised hopes that the Federal Reserve will slow its pace of rate hikes. “Investors are getting more confident that inflation is going to come down and that the Fed might be quick to pause. European shares rose on Monday, driven by hopes that the Federal Reserve could slow its pace of interest rate hikes, while investors braced for a busy week of earnings and key interest rate decision from the European Central Bank. Markets are still priced for a rate rise of 75 basis points next month, but have scaled back bets on a matching move in December. Chinese blue chips slid almost 3%, while Hong Kong shares fell 6.4%, their biggest one-day drop since the financial crisis.

☆ Long COVID at 12 months persists at 18 months, study shows
▼ + stars: | 2022-10-13 | by ( Nancy Lapid | ) www.reuters.com time to read: +3 min

REUTERS/Carlo AllegriOct 13 (Reuters) - Most patients with COVID-19 who have lingering symptoms at 12 months are likely to still have symptoms at 18 months, new data suggest. Among a subset of 197 survivors of symptomatic SARS-CoV-2 infections who completed surveys at 12 months and 18 months, most reported lingering symptoms at both time points, researchers reported in Nature Communications. Register now for FREE unlimited access to Reuters.com RegisterRates of no recovery at 12 months were 11% with 51% partial recovery and 39% complete recovery. At six months, 8% reported no recovery, 47% reported partial recovery, and 45% reported complete recovery. Those rates had barely changed at 12 months, with 8% reporting no recovery, 46% partial recovery and 46% complete recovery.

Buying other companies is one option to help maintain its historical 20%-plus annual revenue growth, a person familiar with Amazon's deal process said. While Amazon doesn't necessarily prey on companies in trouble, the company is extremely price disciplined, the person familiar with Amazon's deal process told Insider. Bertucci has been a part of some of Amazon's largest transactions, including leading the MGM and One Medical deals. According to the person familiar with Amazon's deal process, Amazon only brings in investment banks when acquisitions reach roughly the $1 billion mark. Indeed, the One Medical deal alone could have netted Goldman and Morgan Stanley, which repped One Medical, in the tens of millions in fees.

☆ U.N. publicly rejects Russia's call for secret vote on Ukraine
▼ + stars: | 2022-10-10 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

The General Assembly decided, with 107 votes in favor, that it would hold a public vote - and not a secret ballot - on a draft resolution that would condemn Russia's "illegal so-called referenda" and the "attempted illegal annexation." Only 13 countries on Monday opposed holding a public vote on the draft resolution, another 39 countries abstained and the remaining countries did not vote. Russia had argued that a secret ballot was needed because Western lobbying meant that "it may be very difficult if positions are expressed publicly." The draft resolution to be voted on later this week calls on states not to recognize Russia's move and reaffirms the sovereignty and territorial integrity of Ukraine. At the Security Council Russia vetoed a draft resolution that opposed a referendum on the status of Crimea and urged countries not to recognize it.

☆ UN says Russia abuses prisoners in Ukraine
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Carlo Allegri/File PhotoSummary U.N. report says human rights situation in Ukraine is direIt says rights violations include extrajudicial killingsRussia and Ukraine have denied alleged rights abusesKYIV, Sept 27 (Reuters) - Russian forces and their armed affiliates have subjected Ukrainian prisoners to extrajudicial executions, sexual violence and other abuses, the U.N. human rights office said in a report on Tuesday. Russia and Ukraine did not immediately comment on the report, compiled between Feb. 1 and July 31 and based on work by the U.N. Human Rights Monitoring Mission in Ukraine (HRMMU). Both countries have denied allegations of human rights abuses. The armed conflict has led to a wide range of human rights violations affecting both civilians and combatants," the report said. It said rights violations against Ukrainian servicemen included extrajudicial executions, sexual violence, denial of a fair trial and a lack of food, water and medical assistance.

☆ Aston Martin stunt car, Daniel Craig costumes star at James Bond auction
▼ + stars: | 2022-09-26 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

REUTERS/Carlo AllegriLONDON, Sept 26 (Reuters) - From an Aston Martin DB5 stunt car to costumes worn by Daniel Craig in "No Time to Die", an array of James Bond props and memorabilia are being offered at a charity auction soon as the film franchise celebrates 60 years. Register now for FREE unlimited access to Reuters.com RegisterWith a price estimate of 1.5 million pounds to 2 million pounds ($1.62 million to $2.16 million), it is one of eight replicas built for the movie. It has a price estimate of 15,000-20,000 pounds. There are also other vehicles, watches and costumes as well as props from different Bond movies. Proceeds from the two "Sixty Years of James Bond" auctions, with a total of some 60 lots, will go to different charities.

☆ Bond sell-off worst since 1949, investor sentiment plummets - BofA
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo AllegriLONDON, Sept 23 (Reuters) - Global government bond losses are on course for the worst year since 1949 and investor sentiment has plummeted to its lowest since the financial crisis, BofA Global Research said in a note on Friday. Register now for FREE unlimited access to Reuters.com RegisterInvestor sentiment is the worst it has been since the 2008 global financial crash, the note said. The bond crash “threatens liquidation of (the) world's most crowded trades” including long dollar and long U.S. tech, BofA wrote. Aggressive rate hikes from major central banks to contain inflation, even as growth slows, has unnerved world markets and sparked a fresh surge in bond yields this week.

☆ The mRNA vaccine transformed Pfizer. Here's how the biopharma giant plans to retain its new 'light-speed mentality' and create drugs faster.
▼ + stars: | 2022-09-23 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +6 min

The biopharmaceutical giant, along with its partner BioNTech, was one of the first to develop a marketable vaccine for COVID-19 using nascent mRNA technology. mRNA technology has tremendous potential for other disease areas such as oncology and rare diseases. We've just started our phase-three study of a quadrant flu vaccine made out of mRNA. We see it has several advantages over current flu vaccines, including higher efficacy. A Pfizer senior vice president said mRNA technology could transform vaccines for the flu and lead to breakthroughs in cancer treatment.

☆ Tesla recalls nearly 1.1 million U.S. vehicles to update window reversing software
▼ + stars: | 2022-09-22 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The electric vehicle manufacturer told the National Highway Traffic SafetyAdministration (NHTSA) it would perform an over-the-air software update of the automatic window reversal system. The recall covers some 2017-2022 Model 3, 2020-2021 Model Y, and 2021-2022 Model S and Model X vehicles. Tesla said during product testing in August employees identified window automatic reversal system performance that had "greater than expected variations in response to pinch detection." Tesla said starting Sept. 13, vehicles in production and in pre-delivery received a software update that sets power operated window operation to the requirements. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ U.N. rights envoy warns that Myanmar's election will be a 'fraud'
▼ + stars: | 2022-09-22 | by ( Emma Farge | ) www.reuters.com time to read: +3 min

The United Nations headquarters building is pictured with a UN logo in the Manhattan borough of New York City, New York, U.S., March 1, 2022. REUTERS/Carlo Allegri/GENEVA, Sept 22 (Reuters) - The United Nations human rights expert on Myanmar said on Thursday that an election planned by the country's junta will be a "fraud" and warned other countries against offering assistance that would help legitimise it. Register now for FREE unlimited access to Reuters.com RegisterAsked to elaborate on his views on the election, he said that repression of the opposition had made a free and fair election impossible. The junta has repeatedly accused the United Nations of interference in its affairs and says it is fighting "terrorists" determined to destabilise the country. Register now for FREE unlimited access to Reuters.com RegisterReporting by Emma Farge and Reuters staffOur Standards: The Thomson Reuters Trust Principles.

Register now for FREE unlimited access to Reuters.com RegisterFILE PHOTO - U.S. President Donald Trump rape accuser E. Jean Carroll departs from her hearing at federal court during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 21, 2020. REUTERS/Carlo AllegriNEW YORK, Sept 20 (Reuters) - A onetime Elle magazine columnist who accused Donald Trump of raping her more than a quarter-century ago plans to file a new lawsuit against the former U.S. president over the incident, her lawyer said. E. Jean Carroll plans to bring claims of battery and intentional infliction of emotional distress under a New York law giving adult survivors of sexual misconduct a one-year window to bring civil claims that would otherwise be time-barred, Carroll's lawyer Roberta Kaplan said in a letter filed on Tuesday. Trump has denied raping Carroll and accused her of concocting the rape claim to sell her book. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jonathan Stempel in New York Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Biden admin to fund community education on nuclear waste
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

A man fishes in the Susquehanna River in front of the Three Mile Island Nuclear power plant in Goldsboro, Pennsylvania, U.S. May 30, 2017. REUTERS/Carlo Allegri/File PhotoWASHINGTON, Sept 20 (Reuters) - The Biden administration said on Tuesday it will offer funding for up to eight U.S. entities or communities that are interested in learning about the storage of nuclear waste, an issue that has hampered the nuclear power industry. The U.S. Energy Department said it will offer $16 million in funding to provide resources in communities that want to learn about interim and consent-based siting of nuclear waste, which the industry calls spent nuclear fuel. "With this funding, we are facilitating constructive, community-based discussions around the consensual solutions for storing spent nuclear fuel in order to harness the true power of clean nuclear energy." Some members of communities in rural Texas and New Mexico have supported efforts to store nuclear waste on an interim basis but governors of those states have opposed the idea.

☆ U.S. traffic deaths in first half of 2022 hit 16-year high
▼ + stars: | 2022-09-19 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterTraffic is pictured at twilight along 42nd St. in the Manhattan borough of New York, U.S., March 27, 2019. REUTERS/Carlo AllegriWASHINGTON, Sept 19 (Reuters) - U.S. traffic deaths rose 0.5% in the first half of 2022 to 20,175, the highest number killed in the period since 2006, according to an early estimate released by U.S. regulators. Traffic deaths have jumped after pandemic lockdowns ended as more drivers engaged in unsafe behavior. Register now for FREE unlimited access to Reuters.com RegisterNHTSA research indicates incidents of speeding and traveling without wearing seatbelts were higher than before the pandemic. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson; Editing by Chizu Nomiyama and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

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