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Oil slumps 4 percent as no output deal expected for OPEC

Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. U.S. West Texas Intermediate (WTI) crude futures fell $1.84, or 4 percent, to settle at $44.48. Crude futures slumped after sources said Saudi Arabia did not expect a

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Oil slumps 4 percent as no output deal expected for OPEC

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Twitter begins discussions to explore a sale: source

A sale of Twitter has been the subject of on-again, off-again rumors for many months as the company grapples with stagnant user growth, soft advertising sales and losses running at hundreds of millions of dollars a year. Analysts have long considered Alphabet's Google the most likely buyer for Twitter, and a source told Reuters that Salesforce.com is also in pursuit. CNBC, citing anonymous sources, reported on Friday that Twitter is in talks with companies including Google and Salesforce and may receive

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Twitter begins discussions to explore a sale: source

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Fed’s internal split tied to dueling views on jobs outlook

The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. When the Fed earlier this week decided to stand pat on rates, Fed Chair Janet Yellen said she felt the labor market had more room to run before it could overheat. On Friday one of the dissenters, Boston Fed chief Eric Rosengren, explained that his vote …

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Fed’s internal split tied to dueling views on jobs outlook

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Fed keeps rates steady, signals one hike by end of year

The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation.

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Fed keeps rates steady, signals one hike by end of year

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Fed’s Yellen sees stronger case for interest rate hike

The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet

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Fed’s Yellen sees stronger case for interest rate hike

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As technology shifts more layoffs loom at tech companies

By Malathi Nayak and Deborah M. Todd NEW YORK (Reuters) – Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said. The…

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As technology shifts more layoffs loom at tech companies

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Fed policymakers divided over whether to raise rates soon: minutes

Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the U.S. central bank'…

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Fed policymakers divided over whether to raise rates soon: minutes

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Fed keeps interest rates unchanged, signals fewer future hikes

By Jason Lange and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and signaled it still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future years. Only one Fed policymaker had done so when economic forecasts were last issued in March. A sharp slowdown in U.S. hiring in

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Fed keeps interest rates unchanged, signals fewer future hikes

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Yellen: Fed not likely to reverse course on rates despite risks

Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the Federal Reserve would need to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers…

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Yellen: Fed not likely to reverse course on rates despite risks

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Prospects still slim for major global economic pickup

By Ross Finley, Silvio Cascione and Rahul Karunakar LONDON/BRASILIA/BENGALURU (Reuters) – The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low. The U.S. Federal Reserve's long-awaited rise in …

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Prospects still slim for major global economic pickup

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