(Reuters) – U.S. equity funds faced outflows in the week to Jan. 19 on concerns over a rise in U.S. Treasury yields and a feeble start to the fourth-quarter earnings season. According to Refinitiv Lipper data, investors sold U.S....
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Global ETFs saw record inflows in 2021
By Gaurav Dogra (Reuters) – Global exchange-traded funds (ETFs) drew record inflows last year as investors plowed their growing cash balances into the low-cost, transparent investment products. According to Refinitiv Lipper data,...
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Biden administration raises minimum wage for U.S. federal employees to $15
(Reuters) -U.S. federal agencies have been directed to raise the minimum wage for government employees to $15 an hour, according to a new guidance from the Office of Personnel Management (OPM). The directive will impact almost 70,000...
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Schlumberger’s profit jumps as higher oil prices spur drilling demand
By Arunima Kumar and Liz Hampton (Reuters) – Schlumberger NV, the world’s largest oilfield services company, reported a rise in fourth-quarter profit on Friday that beat expectations, as higher crude and natural gas prices...
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Strike at Kroger’s King Soopers ends after deal with union
(Reuters) -More than 8,000 workers at nearly 80 Kroger Co-owned King Soopers stores called off their strike on Friday after reaching a tentative deal with the U.S. retail giant, the United Food and Commercial Workers Local 7 union said....
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Global bond funds see higher outflows on rates outlook
(Reuters) – Investors stepped up selling in global bond funds in the seven days to Jan. 19 as hawkish remarks from U.S. Fed officials amid rising inflationary pressure solidified expectations that the central bank will tighten...
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