Starbucks to close 8,000 U.S. stores for one day for racial-bias training
(Reuters) – Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores.
Fed can keep rate hikes gradual without risking inflation: Evans
CHICAGO (Reuters) – The Federal Reserve can stick to a series of gradual U.S. interest-rate increases over the next couple of years without much risk of an unhealthy surge in inflation, Chicago Fed President Charles Evans said on Tuesday.
Arming the world: Inside Trump’s ‘Buy American’ drive to expand weapons exports
WASHINGTON (Reuters) – In a telephone call with the emir of Kuwait in January, U.S. President Donald Trump pressed the Gulf monarch to move forward on a $10 billion fighter jet deal that had been stalled for more than a year.
Who’s next? Investors seek to purge ‘oligarch risk’ from Russia portfolios
LONDON (Reuters) – “Who’s next?” investors in Russia are asking as they scramble to clear their portfolios of “oligarch risk” – holdings in companies that may be next in line for U.S. sanctions after metals company Rusal was targeted last week.
Germany watchdog investigating Volkswagen shares in run-up to CEO change: report
FRANKFURT (Reuters) – The German financial markets watchdog is investigating trading in Volkswagen shares before the announcement of a new chief executive, a German magazine reported on Tuesday.
Twitter surges after Morgan Stanley raises from ‘underweight’
SAN FRANCISCO (Reuters) – Shares of Twitter Inc surged nearly 11 percent on Tuesday and were on track for their best session in two months after Morgan Stanley upgraded its recommendation on the social network to “equal-weight” from “underweight”.
U.S. top court rules that Microsoft email privacy dispute is moot
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday dropped Microsoft Corp’s privacy fight with the Justice Department over whether prosecutors can force technology companies to hand over data stored overseas after Congress passed legislation tha…
Tech stocks, Netflix power Wall Street’s gains
(Reuters) – U.S. stocks rose about 1 percent on Tuesday, helped by gains in technology companies and as strong earnings from Netflix and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years.
China’s Huawei Tech retrenches in U.S. after years of criticism
WASHINGTON (Reuters) – China’s Huawei Technologies Co Ltd [HWT.UL], viewed with suspicion in congress as a potential threat to U.S. national security, has laid off five employees at its Washington office and slashed lobbying expenditures, according to …
Exclusive: Russia’s drive to replace Western power technology hits snag
MOSCOW (Reuters) – Russia’s drive to build a large power-generating turbine to lessen its dependence on Western technology has suffered a major set-back after a prototype broke beyond repair, two sources familiar with the project told Reuters.
