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☆ Factbox: Tech firms, Wall Street lead job cuts in corporate America
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +6 min

Jan 11 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. Job seekers wait before a job fair for airport related employment at Logan International Airport in Boston, Massachusetts, U.S., December 7, 2021. Blue Apron Holdings Inc (APRN.N):The online meal-kit company said it will cut about 10% of its corporate workforce, as it looks to reduce costs and streamline operations. Last year, company executives had said the home goods retailer was cutting about 20% of its corporate and supply chain workforce.

☆ Analysis: With banks' results on tap, options traders prepare for volatility
▼ + stars: | 2023-01-10 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

REUTERS/Brian SnyderNEW YORK, Jan 10 (Reuters) - Options traders are bracing for volatility in U.S. bank shares days ahead of an earnings season many believe will bring lower profits and reflect worries over an expected recession. The trade would be profitable if the ETF’s shares slipped below $33 by mid-February, a 6% decline from current levels. The S&P 500 bank index (.SPXBK) fell 21.6% last year, compared to a compared to a 19.4% decline for the S&P 500 as a whole. Options on big bank stocks, on average, are pricing the largest post-earnings moves in the last two years, an analysis by Susquehanna International Group showed. "The trading bias in the options heading into big bank earnings has been buying volatility and protecting positions," said Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.

"With most U.S. economists forecasting either a recession or significant slowdown this year, banks will likely incorporate a more severe economic outlook," said Morgan Stanley analysts led by Betsy Graseck in a note. Rising prices and higher borrowing costs have prompted consumers and businesses to curb their spending, and since banks serve as economic middlemen, their profits decline when activity slows. Reuters GraphicsStill, lenders stand to gain from rising rates that allow them to earn more from the interest they charge borrowers. Morgan Stanley and Citigroup, among others, have also cut jobs after a plunge in investment-banking activity. Analysts will also watch if banks such as Morgan Stanley and Bank of America book any writedowns on the $13-billion loan to fund Elon Musk's purchase of Twitter.

[1/3] Donna Heinel (L), former associate athletic director at the University of Southern California (USC) facing charges in a nationwide college admissions cheating scheme, leaves the federal courthouse in Boston, Massachusetts, U.S., March 25, 2019. Donna Heinel, the school's former senior associate athletic director, was sentenced by U.S. District Judge Indira Talwani in Boston for helping get about two dozen students admitted as fake athletic recruits in exchange for money. Prosecutors said Heinel also personally pocketed $160,000 after she and Singer entered into "sham" consulting agreement. She has agreed to forfeit that money, though defense lawyer Nina Marino said, adding Heinel did not view it as a bribe at the time. Reporting by Nate Raymond in Boston; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

With the deep freeze stretching from Montana to Texas as it crept eastward, some 240 million people - more than two-thirds of the U.S. population - were under winter weather warnings and advisories on Friday, the National Weather Service (NWS) said. The map of existing or impending wintry hazards "depicts one of the greatest extents of winter weather warnings and advisories ever," the NWS said. [1/5] A driver makes their way through a flooded street at high tide during a winter storm in Gloucester, Massachusetts, U.S., December 23, 2022. Their plight has added to local agencies scrambling to get people off the streets as the arctic blast arrived. While some areas downwind from the Great Lakes received a foot or more of snow on Friday, "the big story wasn't so much the falling snow but the blowing snow," weather service meteorologist Brian Hurley said.

☆ Moderna's vaccine facility in Britain to create over 150 new jobs
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] A sign marks the headquarters of the coronavirus disease (COVID-19) vaccine maker Moderna in Cambridge, Massachusetts, U.S., April 28, 2022. REUTERS/Brian Snyder/LONDON, Dec 22 (Reuters) - U.S. biotech Moderna's (MRNA.O) planned vaccine manufacturing centre in Britain will create more than 150 new jobs in the country, the UK government said on Thursday. Moderna's COVID-19 vaccines, which use messenger RNA (mRNA) technology, were among those deployed in Britain in the effort to tackle the coronavirus crisis, including in the ongoing autumn booster campaign. The facility, which is expected to start producing shots in 2025, will provide patients in Britain access to domestically manufactured mRNA respiratory shots, including the company's COVID vaccine that can protect against multiple variants. ($1 = 0.8288 pounds)Reporting by Natalie Grover in London; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Rooftop solar: How homeowners should do the math on the climate change investment
▼ + stars: | 2022-12-17 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

Central to the deal: Tax credits and other benefits from both the state of Connecticut and from Washington, D.C., he says. Hurwitz's experience points up one benefit of the Inflation Reduction Act that passed in August: Its extension and expansion of tax credits to promote the spread of home-based solar power systems. California's solar energy net metering decision Certainty has been the thing that's hard to come by in solar, where frequent policy changes make the market a "solar coaster," as one industry executive put it. watch nowFor potential switchers, tax credits can quickly recover part of the up-front cost of going green. The bids for one suburban Chicago house ranged as low as $19,096 after the federal credit and as high as $30,676.

[1/2] Claudine Gay, Dean of the Faculty of Arts and Sciences, speaks during the 368th Commencement Exercises at Harvard University in Cambridge, Massachusetts, U.S., May 30, 2019. REUTERS/Brian Snyder/File PhotoBOSTON, Dec 15 (Reuters) - Harvard University on Thursday named Claudine Gay, the school's dean of Faculty Arts and Sciences, as its 30th president, the first Black person and only the second woman to hold the job. Gay, the daughter of Haitian immigrants who joined Harvard as a professor in 2006, succeeds Lawrence Bacow as president of the prestigious, nearly 400-year-old Ivy League university. Gay, 52, will step into the job in Cambridge, Massachusetts as the university faces challenges to its admissions policies. Harvard argues that eliminating race as a consideration would hamper its efforts to create a more diverse student body.

"This falls into the category of a game changing view of Chinese companies because the threat of their delisting seems to have been eliminated," said Art Hogan, chief market strategist at B. Riley Financial. However, the relief was not seen in Thursday's trading for U.S.-listed shares of Chinese companies, which were higher amid the news, but gave up gains and some ended sharply lower. Washington and Beijing reached a landmark deal in August to settle a long-running dispute over auditing compliance of U.S.-listed Chinese firms. Authorities in China have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns. U.S. lawmakers in 2020 agreed to legislation that would oust Chinese companies from U.S. stock exchanges unless they adhere to American auditing standards.

☆ Michael Jordan: The NBA has renamed its MVP trophy after the Bulls great
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +15 min

Andrew D. Bernstein/NBAE/Getty Images Jordan poses for a Little League Baseball photo in the late 1970s. Ken Levine/Getty Images Jordan famously shrugs his shoulders after hitting another 3-pointer during the 1992 NBA Finals versus Portland. "There is a reason you call someone the Michael Jordan of ... neurosurgery, or the Michael Jordan of rabbis, or the Michael Jordan of outrigger canoeing. Chip Somodevilla/Getty Images Jordan continues to promote Nike's Jordan Brand across the world. Jordan Brand/Getty Images Jordan cries at the Kobe Bryant memorial in Los Angeles in February 2020.

There have been at least 8.7 million illnesses, 78,000 hospitalizations, and 4,500 deaths from flu so far this season, according to CDC estimates. She said flu season started earlier and "hospitalizations for flu continue to be the highest we have seen at this time of year in a decade." People also likely have weakened defenses after not being exposed to flu and RSV while working or schooling from home during the COVID-19 pandemic. About 12% fewer pregnant women have been vaccinated so far this season compared to last season, and about 5% fewer children, Walensky said. COVID-19 cases have risen following the Thanksgiving holiday and COVID-related hospitalizations have also increased about 15% to 20% over the last week, Walensky said.

☆ A slap, a maverick and some ABBAtars: the 2022 showbiz stories
▼ + stars: | 2022-12-05 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +3 min

[1/8] Will Smith (R) hits Chris Rock as Rock spoke on stage during the 94th Academy Awards in Hollywood, Los Angeles, California, U.S., March 27, 2022. REUTERS/Brian SnyderLONDON, Dec 5 (Reuters) - From a shocking Oscars slap to a virtual ABBA taking to the stage, this year has seen a range of entertainment stories dominate headlines. He appeared in court in Britain to plead not guilty to accusations of sex offences dating back almost 20 years. * Tom Cruise premiered his hotly anticipated sequel "Top Gun: Maverick", returning as the cocky pilot he first played in the 1986 action flick. "Maverick" remains the biggest film of 2022, grossing $1.48 billion worldwide.

BOSTON, Dec 2 (Reuters) - Prince William greeted U.S. President Joe Biden at the waterfront in Boston on Friday, part of a three-day visit by British royals trying to focus attention on tackling environmental issues. On Friday afternoon, William smiled as he met Biden outdoors in cold weather along Boston's waterfront. [1/5] U.S. President Joe Biden meets Britain's Prince William, Prince of Wales at the John F. Kennedy Library and Museum in Boston, Massachusetts, U.S. December 2, 2022. Kate and William last visited the United States in 2014, when they were guests of then-President Barack Obama at the White House. In contrast, William and Kate are usually portrayed in the British media as dutiful and earnest, reflecting the style of the late queen.

[1/2] Caucus goers wait in the corner for Democratic 2020 U.S. presidential candidate and former U.S. Vice President Joe Biden at their caucus site in Des Moines, Iowa, U.S., February 3, 2020. After Iowa, both Democrats and Republicans hold state primaries that narrow down presidential candidates even further. Their push to change the primary calendar picked up momentum after 2020 when the Democrats' Iowa caucuses were plagued by technical and communication issues that delayed the announcement of a winner. The state has traditionally held the first primary, right after Iowa's caucuses, but some Democrats would like more-diverse Nevada to get that spot. But New Hampshire state law requires its secretary of state to set the primary date seven days before any other, providing state officials a firewall against any efforts to boot them as the first primary state.

☆ Vehicle plows into Boston-area Apple store, killing at least one person
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Emergency services personnel attend the scene after a vehicle crashed into an Apple store in Hingham, Massachusetts, U.S. November 21, 2022. REUTERS/Brian SnyderNov 21 (Reuters) - A sports utility vehicle crashed into an Apple retail store near Boston on Monday morning, killing one person and sending at least 16 others to the hospital, authorities and local media said. Aerial footage of the scene from Boston TV station WCVB-TV showed a gaping hole in a storefront window at an outdoor mall in Hingham, about 15 miles south of downtown Boston. The black SUV came to rest at the back of the store and the driver had to be extricated from the vehicle, the station reported. "You'd have to really be picking up speed to end up in the storage area at the back side of the Apple store," Frank O'Brien, who was visiting the Derby Street Shops shopping center, told The Patriot Ledger newspaper.

[1/3] U.S. Representative Lauren Boebert (R-CO) waves after speaking at the Conservative Political Action Conference (CPAC) in Dallas, Texas, U.S., August 6, 2022. REUTERS/Brian SnyderNov 18 (Reuters) - U.S. Representative Lauren Boebert, the polarizing Republican who gained national notoriety during her first term with her combative brand of politics, won re-election in a surprisingly close race after her Democratic opponent conceded on Friday. House Republicans will be able to block much of Democratic President Joe Biden's agenda. She went on to defeat a five-term incumbent Republican in that year's primary and won the seat in the general election. On Friday, Boebert wrote on Twitter that Frisch had called her to concede and added, "I look forward to getting past election season and focusing on conservative governance in the House majority.

☆ American Airlines, JetBlue alliance will harm travelers, U.S. argues
▼ + stars: | 2022-11-18 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] Robin Hayes, CEO of Jet Blue, arrives at the federal courthouse to testify in an antitrust lawsuit seeking to unwind the "Northeast Alliance" partnership between American Airlines and JetBlue Airways Corp, in Boston, Massachusetts, U.S. September 27, 2022. REUTERS/Brian Snyder/File PhotoNov 18 (Reuters) - Lawyers for the U.S. Justice Department said American Airlines Group's (AAL.O) alliance with JetBlue Airways Corp (JBLU.O) would harm travelers while the airlines pushed back during closing arguments on Friday in the government's bid to dissolve the partnership. Through the alliance, the airlines coordinate flights and pool revenue to the detriment of travelers, said the department, arguing consumers face nearly $700 million in extra annual costs. Justice Department lawyer Bill Jones argued the alliance gives the airlines incentives to raise prices and that they are no longer competing. Lawyers for JetBlue and American argued the alliance, which was announced in 2020, has not raised air fares or resulted in flight cuts.

Christopher Gregory/Getty ImagesDonald McGahn, Trump campaign counsel: I was at the top. Trump's 2016 campaign aides said they paid about 50 people, including part-time actors, to appear as supporters for his 2016 campaign announcement. Corey Lewandowski, Trump campaign managerCorey Lewandowski: I called my wife just as we were getting onto the plane. Stuff that would be from Mars on any other campaign was perfectly normal for the Trump campaign. Mark J. Terrill/AP photo Show less Trump at the Republican National Convention while Cruz speaks on July 20, 2016.

☆ Election denier Lake loses governor's race in battleground Arizona
▼ + stars: | 2022-11-15 | by ( Julia Harte | ) www.reuters.com time to read: +4 min

The closely fought governor's race between Lake and Democrat Katie Hobbs was one of the most significant in the general election because Arizona is a battleground state and will likely play a pivotal role in the 2024 U.S. presidential election. After the Arizona governor race was called, Hobbs wrote on Twitter: "Democracy is worth the wait." [1/4] Republican candidate for Arizona Governor Kari Lake speaks at the Republican Party of Arizona's 2022 U.S. midterm elections night rally in Scottsdale, Arizona, U.S., November 8, 2022. Voters in Pennsylvania, Michigan and Wisconsin also rejected election deniers in races for governor and other statewide election posts. On Monday, she won the seat currently held by Republican Governor Doug Ducey, who could not seek re-election because of term limits.

☆ Election deniers on ballot aim to run U.S. presidential vote in 2024
▼ + stars: | 2022-11-08 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

According to States United Action, election deniers are running for secretary of state in 13 states, including in the key swing states of Arizona, Michigan and Nevada. In Arizona, Republican secretary of state candidate Mark Finchem said he would not have certified Biden's 2020 victory in the state. He supported an audit of Arizona's election results and backed a bill that would give the state's Republican-controlled legislature the power to overturn election results. Republican candidate and former state assemblyman Jim Marchant opposed certification of Biden's win in the state in 2020. Ahead of Tuesday's elections, Biden accused Trump of inspiring Republican election denier candidates and warned voters: "Democracy is on the ballot for all of us."

Yields on U.S. Treasury bonds rose after the release of the data, as did bets that the Fed may raise its target policy rate higher than anticipated. DIFFICULT TO PIVOTThe job openings data "will make it very difficult for the Fed to pivot" towards a slower pace of rate hikes, as many have expected, Jefferies economists Aneta Markowska and Thomas Simons wrote. Quits are seen as a sign of labor market strength, evidence that people either have a more attractive option in front of them or are confident of finding one. Balanced against the strength of the labor market is evidence that a slowing of inflation may be in the pipeline. Reuters Graphics Reuters GraphicsThe jump in job openings "is another example of data 'not cooperating' with the Fed's desire to slow the pace of rate hikes," Citi analysts wrote.

☆ Obama brings Democratic star power to key Georgia U.S. Senate race
▼ + stars: | 2022-10-29 | by ( James Oliphant | ) www.reuters.com time to read: +4 min

Senators David Perdue and Kelly Loeffler and Democratic challengers Jon Ossoff and Raphael Warnock, in Atlanta, Georgia, U.S., January 3, 2021. Polls show the race between Warnock and Republican challenger Herschel Walker to be deadlocked. His trip came as Democrats are growing increasingly anxious about the Senate race. Georgia has seen a record-breaking number of early voters, according to the Georgia Secretary of State’s office. Beyond Georgia, Republicans have focused their efforts on flipping a Democratic Senate seat in Arizona or Nevada.

☆ Obama to turn his Democratic star power on key Georgia U.S. Senate race
▼ + stars: | 2022-10-28 | by ( James Oliphant | ) www.reuters.com time to read: +5 min

Senators David Perdue and Kelly Loeffler and Democratic challengers Jon Ossoff and Raphael Warnock, in Atlanta, Georgia, U.S., January 3, 2021. Polls show the race between Warnock and Republican challenger Herschel Walker to be tight, while Abrams has consistently trailed Kemp in that race. Prior to the evening event with Obama, Warnock campaigned in rural Dalton, north of Atlanta. Beyond Georgia, Republicans have focused their efforts on flipping a Democratic Senate seat in Arizona or Nevada. “Bringing in President Obama helps to underscore the importance of African-American vote, while also exciting other voters.”Republicans are also expected to win enough seats to take over the U.S. House of Representatives.

☆ Obama looks to light up Democrat's chances in key Georgia U.S. Senate race
▼ + stars: | 2022-10-28 | by ( James Oliphant | ) www.reuters.com time to read: +4 min

Senators David Perdue and Kelly Loeffler and Democratic challengers Jon Ossoff and Raphael Warnock, in Atlanta, Georgia, U.S., January 3, 2021. Polls show the race between Warnock and Republican challenger Herschel Walker to be tight, while Abrams has consistently trailed Kemp in that race. Georgia is top takeover target for Republicans, who need to pick up just one seat to gain control of the Senate. Georgia has seen a record-breaking number of early voters, according to the Georgia Secretary of State’s office. Beyond Georgia, Republicans have focused their efforts on flipping a Democratic Senate seat in Arizona or Nevada.

☆ IBM salaries revealed: Engineers can earn nearly $200K. See how much analysts, managers, and others at the tech giant make.
▼ + stars: | 2022-10-27 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +15 min

IBM is among the oldest and largest computer companies in the world and has more than 350,000 employees. These offers must be equal to what US employees earn making them a great guide to employee salaries at the company. When Insider analyzed IBM salary data in 2021, the highest offer was to an engineering program director, earning $335,000. A technical team lead, for instance, earned $57,500 in Monroe, LA, and as much as $114,500 in Parsippany, NJ. Insider has also compiled a database of salaries across other big tech companies like Google, Apple, Tesla, Amazon, and more.

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