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U.S. jobless rate falls to nine-year low, payrolls rise

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. The unemployment rate hit its lowest level since August 2007 because more people found work but also because the labor force shrank as more people retired, lowering the number of working-age people in the labor force to 62.7 percent. Economists had forecast payrolls rising by 175,000 last month and the unemployment …

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U.S. jobless rate falls to nine-year low, payrolls rise

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Strong U.S. retail sales reinforce December interest rate hike

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month. The Commerce Department said …

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Strong U.S. retail sales reinforce December interest rate hike

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Tesla told regulators about Autopilot crash nine days after accident

By Alexandria Sage and Paul Lienert SAN FRANCISCO/DETROIT (Reuters) – Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, …

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Tesla told regulators about Autopilot crash nine days after accident

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Medivation agrees to open its books to Sanofi

San Francisco-based Medivation shares jumped as much as 4.2 percent after Reuters first reported that Medivation and Sanofi were in talks over a confidentiality pact, adding to similar agreements Medivation has with Pfizer Inc and Celgene Corp , which have also expressed interest in an acquisition. The move comes after Medivation rejected Sanofi's $9.3 billion offer in April, prompting Sanofi to embark on a campaign to convince Medivation shareholders to oust Medivation's

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Medivation agrees to open its books to Sanofi

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U.S. factory orders fall, but rising backlogs hint at stabilization

By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S. factory goods fell in May on weak demand for transportation and defense capital goods, but growing order backlogs and lean inventories suggested the worst of the manufacturing downturn was probably over. The Commerce Department said on Tuesday new

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U.S. factory orders fall, but rising backlogs hint at stabilization

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Fed to delay rate hike until September on tame inflation outlook: Reuters poll

The U.S. Federal Reserve will likely wait until September before raising interest rates again, stretching to nine months the time since its first hike in nearly a decade, as it waits for clear signs inflation is picking up, a Reuters poll found. This is the second time this …

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Fed to delay rate hike until September on tame inflation outlook: Reuters poll

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DoubleLine’s Gundlach sees ‘some rebellion’ from Fed hawks

Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Thursday that the Federal Reserve will be challenged to raise interest rates this year. Fed officials seem to be in disagreement about the timing and number of rate hikes in 2016, Gundlach, who oversees $95 billion at Los Angeles-based DoubleLine, said on an investor webcast. There's “some (hawkish) rebellion showing up at the Fed,” Gundlach said.

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DoubleLine’s Gundlach sees ‘some rebellion’ from Fed hawks

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Hedge fund managers give stock picks in Vegas at SALT conference

Hedge fund managers on Thursday named some of their recent investments, including a bet that shares of American Airlines Group would fall and shares of both Chinese Internet company Tencent and chipmaker Xilinx would rise, in addresses at one of the industry's most prominent conferences. John Lykouretzos, who runs $2.8 billion Hoplite Capital Management Lp, disclosed his negative case against American Airlines, which helped push the stock down as much as 4.7

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Hedge fund managers give stock picks in Vegas at SALT conference

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U.S. jobless claims hit 14-month high; analysts blame Verizon strike

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose last week to a more than one-year high, but economists blamed striking telecommunications workers for the surge and said the data did not signal a deterioration in the overall labor market…

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U.S. jobless claims hit 14-month high; analysts blame Verizon strike

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Strong U.S. jobs report unlikely to sway cautious Fed

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment increased solidly in March and wages rebounded, underscoring the economy's resilience, but the Federal Reserve is expected to remain cautious in raising interest rates this year due to slowing global growth. Nonfarm payrolls increased 215,000 last month, the Labor Department

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Strong U.S. jobs report unlikely to sway cautious Fed

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