Kroger says demand easing after coronavirus stockpiling

Kroger says demand easing after coronavirus stockpiling
(Reuters) – U.S. supermarket chain Kroger Co (KR.N) stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves. FILE PHOTO: Customers browse grocery store shelves inside Kroger Co.’s Ralphs supermarket amid fears of the global growth of coronavirus cases, in... Read More

U.S. labor market recovery stalling; second wave of layoffs underway

U.S. labor market recovery stalling; second wave of layoffs underway
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell last week, but the pace of decline appears to have stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession. The Labor Department’s weekly jobless claims report... Read More

S&P 500, Dow dip on rising virus cases, elevated jobless claims

S&P 500, Dow dip on rising virus cases, elevated jobless claims
(Reuters) – The S&P 500 and Dow retreated on Thursday as an uptick in coronavirus infections in parts of the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated. Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City, New York, U.S.,... Read More

U.S. weekly jobless claims remain high as second wave of layoffs hits industries

U.S. weekly jobless claims remain high as second wave of layoffs hits industries
Hundreds of people line up outside the Kentucky Career Center, over two hours prior to its opening, to find assistance with their unemployment claims, in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston WASHINGTON (Reuters) – A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting views that... Read More

Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal – sources

Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal – sources
BRUSSELS (Reuters) – The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters. FILE PHOTO: The U.S. flag is seen over the company logo for Johnson & Johnson to celebrate the 75th anniversary of the company’s listing... Read More

U.S. weekly jobless claims remain high, second wave of layoffs blamed

U.S. weekly jobless claims remain high, second wave of layoffs blamed
WASHINGTON (Reuters) – A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession. People line up outside a temporary unemployment office established by the Kentucky Labor Cabinet at the State Capitol Annex in... Read More

Australian regulator says Google’s $2.1 billion Fitbit deal could harm competition

Australian regulator says Google’s $2.1 billion Fitbit deal could harm competition
SYDNEY/BENGALURU (Reuters) – Australia’s antitrust regulator warned Google’s planned $2.1 billion acquisition of fitness tracker maker Fitbit (FIT.N) may give it too much of people’s data, potentially hurting competition in health and online advertising markets. FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Alphabet logo in this illustration picture taken November 8, 2019. REUTERS/Dado Ruvic The... Read More

Google, Fitbit deal may hamper competition: Australian regulator

Google, Fitbit deal may hamper competition: Australian regulator
FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Alphabet logo in this illustration picture taken November 8, 2019. REUTERS/Dado Ruvic (Reuters) – Australia’s consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned (GOOGL.O) Google’s planned $2.1 billion acquisition of fitness tracker company Fitbit (FIT.N) may hinder competition in digital advertising and health markets. The... Read More