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Once jobless and uncounted, eager workers could slow Fed rate hike

By Howard Schneider WELLSTON, Missouri (Reuters) – The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise. Among those in the building on a recent fall day, 23-year-old Joshua Goodson described his recent work history as a “dead end…

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Once jobless and uncounted, eager workers could slow Fed rate hike

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Goldman Sachs’ profit jumps 58 percent as trading revenue surges

(Reuters) – Goldman Sachs Group Inc reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged.

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Goldman Sachs’ profit jumps 58 percent as trading revenue surges

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Exclusive: Hershey CEO Bilbrey prepares to step down – sources

(Reuters) – The chief executive of Hershey Co , the chocolate company that Oreo cookie-maker Mondelez International Inc tried to acquire earlier this year, is preparing to step down by next summer, people familiar with the matter told Reuters on Thursday.

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Exclusive: Hershey CEO Bilbrey prepares to step down – sources

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Global shares gain as Brexit tensions ease amid stimulus hopes

Europe's STOXX 600 rose 0.5 percent, helped by gains in Daimler and Unicredit , while sterling jumped 1.1 percent against the dollar, pulling further from a 31-year low hit last week. In Britain, interior minister Theresa May was set to become prime minister on Wednesday, offering some relief from the political uncertainty that has dogged the market since the country voted to leave the European Union last month. “U.S. real interest rates are now negative.

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Global shares gain as Brexit tensions ease amid stimulus hopes

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Bond yields sink as central banks head for easier policy

The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years. Signs that the world's big central banks will go even easier on monetary conditions, extending …

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Bond yields sink as central banks head for easier policy

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Oil jumps to 2016 highs as dollar drops on Fed decision

By Barani Krishnan NEW YORK (Reuters) – Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged. Oil had risen early, the day after an industry group said U.S. crude inventories had dropped in the latest week. In early afternoon, the Fed announced it was leaving interest rates unchanged, and issued a statement implying it

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Oil jumps to 2016 highs as dollar drops on Fed decision

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After massive drop, is Apple cheap enough?

By Rodrigo Campos NEW YORK (Reuters) – If Apple could cash in the value it lost in the first minute of trading on Wednesday, it would be nearly enough to buy General Motors, Target or Caterpillar. “I would not be surprised in…

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After massive drop, is Apple cheap enough?

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NYSE-owner ICE to buy commodities trading platform for $650 million

(Reuters) – Intercontinental Exchange Inc , the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for about $650 million in stock.

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NYSE-owner ICE to buy commodities trading platform for $650 million