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US labor market resilient as recession signals grow stronger

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Weekly jobless claims increase by 5,000 to 213,000 Continuing claims drop 22,000 to 1.379 million WASHINGTON, Sept 22 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive interest rate increases. The weekly …

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India’s Ola Electric ventures abroad, to enter Nepal next quarter

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A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. REUTERS/Aditi Shah Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 22 (Reuters) – SoftBank Group-backed (9984.T)Ola is looking to take its global e-scooters, starting …

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Fed’s Powell: US housing market headed for ‘correction’

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US Federal Reserve Board Chairman Jerome Powell attends a news conference after the Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, US, September 21, 2022. REUTERS/Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said …

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Apple may move a quarter of iPhone production to India by 2025 -JPM

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A man holds an iPhone 14 as Apple Inc’s new models go on sale at an Apple store in Beijing, China, September 16, 2022. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Apple Inc (AAPL.O) may make one out of four iPhones in India by 2025, JPMorgan analysts …

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Dollar ascendant as investors gear up for Fed

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Woman holds US dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 21 (Reuters) – The dollar hovered near a two-decade peak against a basket of currencies on Wednesday, after yields on US Treasuries leapt ahead of an interest rate decision that …

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Dollar firm as markets wait for Fed, Swedish crown spikes briefly on rate rise

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US Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO/LONDON, Sept 20 (Reuters) – The dollar remained strong around a two-decade high versus major peers on Tuesday as investors held firm in anticipation of another aggressive rate hike …

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Tesla completes production capacity expansion at Shanghai plant

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A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Sept 19 (Reuters) – Tesla ( TSLA.O ) completed a project to expand production capacity at its Shanghai plant on Monday, according to a statement on a Shanghai …

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