Five percent of unvaccinated workers have left their jobs over workplace vaccine mandates, while 37 percent say they plan to do so if their employers impose such requirements, according to a new poll, which provides an early indication of labor market impacts of mandates. The survey, carried out by the Kaiser Family Foundation on a…
5 Percent of Unvaccinated Workers Have Left Jobs Over Vaccine Mandates: Survey
Futures Rise on Positive Earnings; GDP Data Awaited
October 28, 2021
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U.S. stock index futures edged higher on Thursday, led by gains in Caterpillar, Merck, and Ford after upbeat quarterly earnings, while investors awaited data that will likely throw light on the pace of the economic recovery. The Commerce Department’s advance gross domestic product report, due at 08:30 a.m. ET, will likely show the U.S. economy…
Global Supply Constraints Deal Heavy Blow to Japanese Firms
TOKYO—A global parts and chip shortage is taking a heavy toll on Japanese firms with seven out of eight automakers seeing global output drop in September, casting doubt over the central bank’s view the impact of supply constraints will be temporary. Toyota Motor said on Thursday it saw global output slump 39.1 percent in September…
Ryanair Vows 5-Day Refund Turnaround After COVID-19 Criticism
DUBLIN—Ryanair on Thursday vowed to repay customers within five days for cancelled flights in a renewed customer service push after criticism about how it handled refunds at the height of the COVID-19 pandemic. The budget airline, Europe’s largest, said refunds would be processed into a new online wallet function within 24 hours of a flight…
Merck Raises Full-Year Profit Target After Cancer Drug Sales Help Third-Quarter Beat
Merck & Co. Inc. raised its full-year adjusted profit forecast on Thursday, after strong demand for its blockbuster cancer drug Keytruda and recovery in sales of its non-COVID-19 vaccines helped it beat third-quarter profit estimates. Sales of vaccines and physician-administered drugs have started to improve as hospitals and clinics adapt to the pandemic, helping Merck,…
Duty Free Retailer Dufry Ups 2021 Targets on Travel Pickup
Swiss duty free retailer Dufry raised its 2021 savings target and free cash flow guidance for the second time this year, citing a recovery in travel from the pandemic-related slump, primarily in the Western hemisphere. The retailer, which operates more than 2,300 shops at airports, on cruise liners, in seaports, and other tourist locations, is…
More Supply Chain Disruption and Pandemic Flare-Ups Key Risks to Economy in 2022: Poll
Further supply chain disruption, COVID-19 flare-ups, and central bank missteps are the top risks to the world economy in 2022, according to a Reuters poll of over a hundred economists, with a significant number of them predicting inflation is likely to dent the recovery. About one-quarter of 171 economists responding to a question about key…
Euro Hovers Ahead of ECB Meeting, Yen Looks Past BOJ Doves
October 28, 2021
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LONDON—The euro dipped below $1.16 ahead of the European Central Bank meeting on Thursday as investors wait to hear policymakers’ views on the outlook for inflation and an expected push back against rising interest rate projections. On a busy day for central bank-driven activity, the Australian dollar dipped on growing speculation about the Reserve Bank…
World Shares Retreat, Chilled by Decline on Wall Street
October 28, 2021
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Shares slipped Thursday in Europe and Asia after a retreat on Wall Street pulled the S&P 500 and the Dow Jones Industrial Average back from their latest record highs. Shares fell in London, Frankfurt, Tokyo, and Shanghai but rose in Paris. A steady flow of corporate report cards continues Thursday with industrial bellwether Caterpillar and…
Spotify Adds More Subscribers, Podcasts Fuel Ad Rebound
STOCKHOLM—Spotify Technology SA beat Wall Street estimates for third-quarter revenue as more paid subscribers signed up for its premium service and advertisers lined up to air ads in between music and podcasts. Premium subscribers, which account for most of the company’s revenue, hit 172 million, just beating analysts’ expectations of 171.7 million. Total monthly active…
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