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U.S. retail sales flat on gasoline price drop; consumer spending resilient

People shop for clothes at a Target retail chain in Westbury, New York, U.S., May 20, 2021. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales unchanged in July; June sales revised down Gasoline, motor vehicles account for flat sales Core retail sales increase 0.8% WASHINGTON, Aug 17 (Reuters) – …

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EXCLUSIVE Biden’s emergency board calls for railroad wage hikes to resolve contract talks

U.S. President Joe Biden walks to Air Force One as he departs for Washington, D.C., from Joint Base Charleston, South Carolina, U.S., August 16, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LOS ANGELES, Aug 16 (Reuters) – U.S. President Joe Biden’s emergency board tasked with helping major freight railroads and …

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U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Cryptoverse: Electric ether leaps on verge of Merge

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, …

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Third Point discloses stake of nearly $1 bln in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor …

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Starbucks seeks to pause union elections at U.S. cafes, claims misconduct

NEW YORK, Aug 15 (Reuters) – Starbucks Corp (SBUX.O) on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National Labor Relations Board (NLRB) Chairman Lauren McFerran …

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NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing …

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Newly-launched U.S. drugs head toward record-high prices in 2022

Median annual price for new U.S. drugs this year is $257,000 Eight of 13 drugs launched in 2022 priced over $200,000 per year Some drugmakers disclose less information on pricing Aug 15 (Reuters) – Drugmakers are launching new medicines at record-high prices this year, a Reuters analysis has found, highlighting their pricing power even as …

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AMD Moves Ryzen 7000 "Zen 4" CPU Launch To 27th September, Same Day As Intel's 13th Gen Raptor Lake Unveil 1

AMD Moves Ryzen 7000 “Zen 4” CPU Launch To 27th September, Same Day As Intel’s 13th Gen Raptor Lake Unveil

AMD seems to have moved its original 15th September launch plans for Ryzen 7000 “Zen 4” CPUs & the AM5 platform to late September. We have just got confirmation from our sources that AMD will be releasing its next-gen CPUs in Late September for sales. AMD Ryzen 7000 “Zen 4” CPUs & AM5 Platform Pushed …

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