Reuters Financial News

(Reuters) — More than 400 Macy's (NYSE:M) workers in Washington state are planning a three-day strike from Black Friday through Sunday, alleging unfair labor practices and demanding better wages, according to UFCW Local 3000's website.

(Reuters) — The WanaBana Apple (NASDAQ:AAPL) Cinnamon Puree, a product potentially contaminated with lead, was still being sold at Dollar Tree (NASDAQ:DLTR) stores despite a recall that began last month, the U.S. Food and Drug Administration (FDA) said on Wednesday.

By Max Hunder

By Scott Murdoch and Lewis Jackson

By David Milliken

By Lisa Pauline Mattackal, Chris Prentice and Jonathan Stempel

Reuters quoted data firm Nansen as saying on 22 November. The deal, which will see Binance pay $4.3 billion to US authorities to settle the years-long illicit finance probe, has raised questions over the future of the world's largest crypto exchange. It also marks another blow for an industry beset by scandals.

By Juveria Tabassum, Savyata Mishra

By Naomi Rovnick, Samuel Indyk, Lucy Raitano and Harry Robertson

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell more than expected last week, but that likely does not change the view that the labor market is slowing amid higher interest rates.

By Marisa Taylor

interest rates would likely remain restrictive for some time, even as the rate-hike cycle appeared to be over. The Fed minutes showed the central bank would proceed «carefully» and that «all participants judged it appropriate to maintain» the current rate setting. Fed officials agreed they would raise interest rates only if progress in controlling inflation faltered, reiterating recent comments by policymakers that left the door open for more tightening even as markets have moved to price rate cuts from early next year. Markets are all but certain that the Fed will hold rates at its December meeting, while pricing in about a 28% chance of a rate cut as early as March, according to CME's FedWatch Tool. «Almost four rate cuts are fully priced for next year and that looks very aggressive,» said Niels Christensen, chief analyst at Nordea. «That said, it's not unusual for the Fed to cut by 50 basis points when they start cutting, so it could be possible,» Christensen added. The dollar index, which measures it against a basket of currencies, was 0.1% higher at 103.68, pulling away from its lowest level since the end of August at 103.17 it touched on Tuesday. The index is down about 2.8% in November and on course for its biggest monthly drop in a year. Analysts said market participants were eager to take money off the table before liquidity fizzles out before the U.S. Thanksgiving holiday. High U.S.

By Amruta Khandekar and Shristi Achar A

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OPEC's share in India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Russia's share of the Indian market in October slipped to the lowest in nine months, according to Reuters calculations based on ship tracking data from trade sources. India, the world's third-biggest oil importer and consumer, typically relies on producers in the Middle East for most of its oil needs and has encouraged refiners to diversify to cheaper alternatives to cut costs. The South Asian nation has emerged as the top buyer of the Russian seaborne oil sold at a discount after Western nations stopped buying from Moscow following its invasion of Ukraine. India imported about 4.7 million barrels per day (bpd) of crude in October, up 8.4% from the previous month as refiners increased purchases to meet higher local fuel demand during the festive season, the data showed. Imports from Saudi Arabia and the United Arab Emirates jumped to a 7-month high, up about 53% and 63% respectively in October from the previous month, the data showed. That helped lift the share of the producers in the Organization of the Petroleum Exporting Countries to 54% in October, up from 50% in September, according to the data. India imported on average 1.56 million barrels per day (bpd) of Russian oil in October, up 1.2% from the previous month, the data showed. Despite the increase, Russian oil's share in India's October imports slipped to 33% from 35% in September. Russia was the top oil supplier to India in April to October, the first seven months of this fiscal year to March 2024, followed by Iraq and Saudi Arabia. Higher

India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Russia's share of the Indian market in October slipped to the lowest in nine months, according to Reuters calculations based on ship tracking data from trade sources. India, the world's third-biggest oil importer and consumer, typically relies on producers in the Middle East for most of its oil needs and has encouraged refiners to diversify to cheaper alternatives to cut costs. The South Asian nation has emerged as the top buyer of the Russian seaborne oil sold at a discount after Western nations stopped buying from Moscow following its invasion of Ukraine. India imported about 4.7 million barrels per day (bpd) of crude in October, up 8.4% from the previous month as refiners increased purchases to meet higher local fuel demand during the festive season, the data showed. Imports from Saudi Arabia and the United Arab Emirates jumped to a 7-month high, up about 53% and 63% respectively in October from the previous month, the data showed. That helped lift the share of the producers in the Organization of the Petroleum Exporting Countries to 54% in October, up from 50% in September, according to the data. India imported on average 1.56 million barrels per day (bpd) of Russian oil in October, up 1.2% from the previous month, the data showed. Despite the increase, Russian oil's share in India's October imports slipped to 33% from 35% in September. Russia was the top oil supplier to India in April to October, the first seven months of this fiscal year to March 2024, followed by Iraq and Saudi Arabia. Higher intake of

Alibaba executive told staff on Wednesday that it was a «coincidence» that a plan by former chief Jack Ma's family trust to sell some shares in firm was disclosed on the same day the firm scrapped its cloud unit's listing. In a move seen as an effort to quell ongoing unease within the e-commerce giant, Jiang Fang, an Alibaba partner and its chief talent officer, said in an post on the firm's intranet seen by Reuters that Ma's office had earlier this year made a plan to sell some shares to reinvest in agriculture and public welfare projects.

Edelweiss Mutual Fund MD & CEO Radhika Gupta has once again reiterated her concerns regarding investments in cryptocurrency noting the risks associated with investing in a sector that isn't well-regulated while hoping that the examples of Binance and FTX will be a strong reminder for people. In a post on X, Radhika Gupta wrote, “For years, when asked about crypto, I have had a single answer - what is not well regulated is not investment worthy.

Argentina emerged victorious against Brazil, the match was overshadowed by pre-match crowd trouble that caused a delay in kick-off. The tension between the two South American giants escalated at Rio's iconic Maracana Stadium before the game even began. Brazilian police were forced to intervene.

OpenAI, the company behind the viral chatbot ChatGPT and text-to-image generator DALL E, fired its high-profile CEO Sam Altman on Friday. The storm that began since then doesn't seem to quiet down any time soon with new twists and turns in the story with each passing day. 1) In good news for all OpenAI fans, Bloomberg reported on Tuesday that the OpenAI board, which fired Sam Altman on Friday, is now in talks to bring the top executive back.

Israel government concurred on November 22 to back a deal for Palestinian Hamas militants to release 50 women and children held as hostages in Gaza in exchange for a four-day pause in fighting, the office of Israeli Prime Minister Benjamin Netanyahu said, as reported by Reuters. Approximately 20 more hostages will be released by Hamas if the first phase goes according to plan, according to a report by CBS News. Hamas was to prioritise releasing captive children, of whom around 40 are believed to be in Gaza.