Business

BERLIN, Jan 12 (Reuters) - More than half Germany's companies are struggling to fill vacancies due to a lack of skilled workers, the German Chambers of Commerce and Industry (DIHK) said on Thursday, in the latest sign of growth headwinds belabouring Europe's largest economy.The proportion of companies facing difficulties hiring was at its…

SAO PAULO/MEXICO CITY, Jan 11 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) said on Wednesday its chief executive and chief financial officer resigned after the discovery of around 20 billion reais ($3.88 billion) in accounting "inconsistencies."Lojas Americanas CEO Sergio Rial departed less than two weeks after taking the job, when he…

LAS VEGAS (AP) — From electric cars and boats to wireless TVs to the latest phones and tablets, there was a wide range of innovations on display at the CES tech show in Las Vegas last week. Some of it aimed to solve big real world problems. Some of it aimed to make your life more fun. And some of it was just a little out there.Associated Press…

About 100 infants have died while using Fisher-Price's Rock 'n Play Sleepers, the Consumer Product Safety Commission said Monday as it once again urged parents not to use the once-popular piece of baby gear.The sleeper was first recalled in April 2019, and at that time 30 deaths were linked to it. Infants were able to roll from their…

Treasury yields fell on Tuesday as uncertainty about the outlook for the new year lingered and investor attention turned to fresh economic data releases due this week.The yield on the 10-year Treasury note was down by 6.2 basis points to 3.769%. The 2-year Treasury yield slid 1.2 basis points to 4.391%.Yield and price move in opposite…

LONDON, Jan 2 (Reuters) - The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to a rebound in optimism among factory managers.S&P Global's final manufacturing Purchasing Managers' Index (PMI) bounced to 47.8 in…

The Dow Jones Industrial Average rallied 300 points Thursday after initial unemployment claims data from the Labor Department exceeded estimates. And Tesla stock surged as Morgan Stanley reiterated an overweight rating with a reduced price target. X Weekly unemployment figures showed first-time claims rose to 225,000 vs. 216,000 in the…

Just a few years ago, inflation seemed like an issue the US and many other major western economies had outgrown. “Is inflation dead?” Businessweek asked in 2019, beneath an image of an ailing dinosaur. And then came Covid-19.Supply chain issues, sickness, death and the war in Ukraine upended global trade. Propped up by government handouts and…

This coming holiday-shortened week will round out a brutal year for Wall Street as 2022 comes to an end.The U.S. stock and bond markets will be closed on Monday, December 26, in observance of Christmas Day.The earnings and economic calendars will be light, with much of the business world off until next year.Traders who are working through the…

The bear market and the wave of bankruptcies in the crypto industry drained $116 billion from the pockets of founders and investors in the past nine months, according to recent estimates by Forbes. The loss represents the combined personal equity of 17 people in the space, with over 15 losing more than half of their fortunes since March. As a…