JPMorgan to raise minimum wage for 18,000 U.S. workers
NEW YORK (Reuters) – JPMorgan Chase & Co Inc said on Tuesday it will raise the minimum wage for 18,000 U.S. employees over three years, a decision that follows political pressure and moves by some states to raise pay for low-level workers.
Magic Leap ramps up production for new type of virtual reality
ASPEN, Colo. (Reuters) – Magic Leap, a startup backed by technology powerhouses including Google and Alibaba that has raised more than $1.4 billion, has hired more than 600 employees and is close to starting production of its first “mixed reality” prod…
Tesla has no plans to disable Autopilot feature: WSJ
(Reuters) – Tesla Motors Inc Chief Executive Elon Musk said the electric car maker has no plans to disable its Autopilot feature in the wake of a fatal accident in which the driver of a Model S car was using the technology, the Wall Street Journal repo…
IMF sees ‘negligible’ Brexit impact on U.S. growth
WASHINGTON (Reuters) – Britain’s vote in a referendum to leave the European Union has caused uncertainty and increased risks to the U.S. economy but thus far it looks likely to have a pretty “negligible” impact on U.S. growth, the International Monetar…
Oil jumps 4 percent in technical rebound from 2-month lows
NEW YORK (Reuters) – Oil prices surged 4 percent on Tuesday, buoyed by investors covering short positions and an equities rally that lifted riskier assets globally, helping crude stage a technical rebound from two-month lows hit the previous session.
U.S. economy likely grew 2.3 percent in second quarter: Atlanta Fed
NEW YORK (Reuters) – The U.S. economy likely expanded at a 2.3 percent annualized rate in the second quarter following the latest data on wholesale trade, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.
Tesla has no plans to disable Autopilot feature: WSJ
(Reuters) – Tesla Motors Inc Chief Executive Elon Musk said the electric car maker has no plans to disable its Autopilot feature in the wake of a fatal accident in which the driver of a Model S car was using the technology, the Wall Street Journal rep…
Citi to pay $7 million over incomplete brokerage data to SEC
WASHINGTON (Reuters) – Citigroup agreed on Tuesday to pay $7 million and admit to wrongdoing, after the U.S. Securities and Exchange Commission accused its brokerage arm of providing incomplete trading data to regulators for 15 years.
EU watchdog calls for tighter rules as Barroso takes Goldman job
BRUSSELS (Reuters) – The European Ombudsman called on Tuesday for the EU to tighten rules on commissioners taking appointments on leaving office after former chief executive Jose Manuel Barroso moved to a senior job at Goldman Sachs.
Ex-Barclays director pleads guilty in U.S. to passing tips to plumber
NEW YORK (Reuters) – A former director at Barclays Plc pleaded guilty on Tuesday to U.S. charges that he engaged in insider trading by tipping off a plumber friend to impending mergers that he learned about at the bank.
