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Wall Street wavers with key jobs data, Middle East tensions in focus

US STOCKS-Wall Street wavers with key jobs data, Middle East tensions in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Weekly jobless claims at 225,000 US service sector activity accelerates to 1-1/2-year high Levi Strauss tumbles after saying it is exploring unit sale East, Gulf coast workers' strike enters third day Indexes: Dow down 0.38%, S&P 500 off 0.06%, Nasdaq up 0.13% Updated at 11:49 a.m.
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Wall St opens mixed after economic data; Middle East tensions in focus

US STOCKS-Wall St opens mixed after economic data; Middle East tensions in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Weekly jobless claims at 225,000 US service sector activity accelerates to 1-1/2-year high Levi Strauss tumbles after saying it is exploring unit sale East, Gulf coast workers' strike enters third day Indexes: Dow down 0.32%, S&P 500 up 0.10%, Nasdaq up 0.45% Updated at 10:07 a.m.
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US companies to hire thousands of seasonal workers for holiday season

FACTBOX-US companies to hire thousands of seasonal workers for holiday season Adds hiring plans of Dick's Sporting Goods Oct 3 (Reuters) - U.S. companies from Target TGT.N and Macy's M.N to package delivery firm UPS UPS.N plan to hire thousands of seasonal workers ahead of the crucial holiday season. Retailers are expected to add fewer seasonal jobs this shopping period than last year due to a softer labor market and tighter consumer spending, according to a forecast from Challenger, Gray & Chri
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TD Cowen cuts Ulta Beauty's PT on sluggish demand, stiff competition

BUZZ-TD Cowen cuts Ulta Beauty's PT on sluggish demand, stiff competition ** Brokerage TD Cowen cuts retailer Ulta Beauty's ULTA.O PT to $390 from $395 ** Says weaker demand seen in the industry as well as rising competition from retailers such as Sephora and Amazon have been raising margin concerns ** ULTA has struggled to manage both new and old
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US companies to hire thousands of seasonal workers for holiday season

FACTBOX-US companies to hire thousands of seasonal workers for holiday season Adds Amazon's hiring numbers Oct 3 (Reuters) - U.S. companies from Target TGT.N and Macy's M.N to package delivery firm UPS UPS.N plan to hire thousands of seasonal workers ahead of the crucial holiday season. Retailers are expected to add fewer seasonal jobs this s hopping period than last year due to a softer labor market and tighter consumer spending, according to a forecast from Challenger, Gray & Christmas.
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Amazon plans to hire 250,000 workers for the holidays, same as last year

Amazon plans to hire 250,000 workers for the holidays, same as last year By Arriana McLymore NEW YORK, Oct 3 (Reuters) - Amazon plans to hire 250,000 transportation and warehouse workers this holiday shopping season, the same number as last year as e-commerce spending is expected to outpace overall holiday sales in the final quarter of 2024, the company said on Thursday.
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Big Tech farms out AI power build, keeps the risk

BREAKINGVIEWS-Big Tech farms out AI power build, keeps the risk The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By George Hay LONDON, Oct 3 (Reuters Breakingviews) - Artificial intelligence giants are hoovering up the world’s green energy. Trillion-dollar companies like Meta Platforms META.O , Alphabet GOOGL.O and Amazon.com AMZN.O are signing chunky supply deals for their power-hungry AI data centres.
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Philippines levies 12% VAT tax on digital services by tech giants

Philippines levies 12% VAT tax on digital services by tech giants MANILA, Oct 3 (Reuters) - The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon AMZN.O , Netflix NFLX.O , Disney DIS.N , and Alphabet GOOGL.O , in a move that will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday.
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Teamsters Says NLRB Issued Formal Complaint Against Amazon

BRIEF-Teamsters Says NLRB Issued Formal Complaint Against Amazon Oct 2 (Reuters) - Amazon.com Inc AMZN.O : TEAMSTERS: NLRB ISSUED FORMAL COMPLAINT AGAINST AMAZON AFFIRMING CO IS JOINT EMPLOYER OF ITS DELIVERY SERVICE PARTNER DRIVERS TEAMSTERS: NLRB ISSUED FORMAL COMPLAINT AGAINST AMAZON AFFIRMING CO HAS LEGAL DUTY TO RECOGNIZE & BARGAIN WITH TEAMST
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Amazon hit with US labor board complaint over 'joint employment' of drivers

UPDATE 2-Amazon hit with US labor board complaint over 'joint employment' of drivers Adds Amazon statement in paragraphs 7-8 By Daniel Wiessner Oct 2 (Reuters) - Amazon.com AMZN.O has been accused by a U.S. labor board of illegally refusing to bargain with a union representing drivers employed by a contractor, the agency announced on Wednesday. The complaint from the National Labor Relations Board (NLRB) claims that Amazon is a so-called "joint employer" of drivers employed by the contractor, Ba
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Bankrupt Diamond Sports may cut ties with all MLB teams but one

Bankrupt Diamond Sports may cut ties with all MLB teams but one By Dietrich Knauth Oct 2 (Reuters) - Regional sports broadcaster Diamond Sports Group said Wednesday that it will likely cut ties with all Major League Baseball teams other than the Atlanta Braves in an attempt to complete a bankruptcy restructuring by the end of the year. The company's decision could leave about a dozen baseball teams scrambling to reach new broadcast agreements before the 2025 season begins in late March.
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Amazon To Increase Number Of Ads On Prime Video- FT

BRIEF-Amazon To Increase Number Of Ads On Prime Video- FT Oct 2 (Reuters) - AMAZON TO INCREASE NUMBER OF ADS ON PRIME VIDEO- FT Source text: https://tinyurl.com/2w5m8vd8 Further company coverage: AMZN.O
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Teamsters Says Amazon Workers At Dck6 Warehouse In San Francisco, Calif., Joined Teamsters

BRIEF-Teamsters Says Amazon Workers At Dck6 Warehouse In San Francisco, Calif., Joined Teamsters Oct 2 (Reuters) - Teamsters: TEAMSTERS: OVER 100 AMAZON WORKERS AT CO’S DCK6 WAREHOUSE IN SAN FRANCISCO, CALIF., FORMED UNION WITH TEAMSTERS
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Amazon hit with US labor board complaint over 'joint employment' of drivers

Amazon hit with US labor board complaint over 'joint employment' of drivers By Daniel Wiessner Oct 2 (Reuters) - Amazon.com has been accused by a U.S. labor board of illegally refusing to bargain with a union representing drivers employed by a contractor, the agency announced on Wednesday. The complaint from the National Labor Relations Board claims that Amazon is a so-called "joint employer" of drivers employed by the contractor, Battle Tested Strategies (BTS), and used a series of illegal tact
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Teamsters Says Amazon Warehouse Workers At The Company's DCK6 Warehouse In San Francisco Have Joined The Teamsters - Post On X

BRIEF-Teamsters Says Amazon Warehouse Workers At The Company's DCK6 Warehouse In San Francisco Have Joined The Teamsters - Post On X Oct 2 (Reuters) - TEAMSTERS: AMAZON WAREHOUSE WORKERS AT THE COMPANY'S DCK6 WAREHOUSE IN SAN FRANCISCO HAVE JOINED THE TEAMSTERS - POST ON X Source text: https://tinyurl.com/4y3ksnzv Further company coverage: AMZN.O
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CVS surgery would provide little if any relief

RPT-BREAKINGVIEWS-CVS surgery would provide little if any relief The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Oct 1 (Reuters Breakingviews) - It’s easier to diagnose what ails CVS Health CVS.N than it is to prescribe a cure. Multiple profit warnings from the $78 billion healthcare conglomerate have raised doubts about its strategy.
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CVS surgery would provide little if any relief

RPT-BREAKINGVIEWS-CVS surgery would provide little if any relief The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Oct 1 (Reuters Breakingviews) - It’s easier to diagnose what ails CVS Health CVS.N than it is to prescribe a cure. Multiple profit warnings from the $78 billion healthcare conglomerate have raised doubts about its strategy.
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Tech market values jump in September on Fed rate cuts, AI optimism

GRAPHIC-Tech market values jump in September on Fed rate cuts, AI optimism Oct 2 (Reuters) - The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies, and further fuelled by continued enthusiasm for artificial intelligence.
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New UK PM Starmer tries to woo sceptical investors

PREVIEW-New UK PM Starmer tries to woo sceptical investors PM Starmer to host international investors on Oct. 14 UK needs billions to upgrade infrastructure and foster growth Investors want clarity on utilities regulation, budget plans Public anger at private water companies for dirty rivers By William Schomberg and Sarah Young LONDON, Oct 2 (Reuters) - British Prime Minister Keir Starmer faces a tough sales job this month in his first high-profile meeting with international investors whose cash
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AI's next feat will be its descent from the cloud

RPT-BREAKINGVIEWS-AI's next feat will be its descent from the cloud The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Robyn Mak HONG KONG, Oct 2 (Reuters Breakingviews) - It's been two years since ChatGPT made its public debut, kicking off a rush to invest in generative artificial intelligence. The frenzy has lifted valuations for startups like OpenAI, inventor of the chatbot, as well as technology titans whose cloud computing platforms train and host the mo
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