News

US labor market shows resilience; risks mounting from trade policy

WASHINGTON (Reuters) -U.S. job growth slowed marginally in April and employers continued to hoard workers, but the outlook for the labor market is increasingly darkening as President Donald Trump's protectionist trade policy heightens economic uncertainty. The Labor Department's closely watched employment report published on Friday, which also showed the unemployment rate held steady at 4.2% last month, helped to assuage fears that the economy was close to recession after gross domestic product contracted in the first quarter amid a tariff-induced flood of imports.

Environmental groups blast JBS's US listing approval; Wall Street praises it

SAO PAULO (Reuters) -The U.S. financial regulator's approval last month of a proposal by the world's largest meatpacker JBS to list on the New York Stock Exchange is drawing strong criticism from climate and animal rights groups but praise from Wall Street. In multiple statements after April 22, when Brazil's JBS said the U.S. Securities and Exchange Commission (SEC) greenlit its dual-listing plan to broaden its investor pool and raise its valuation closer to peers, environment activists and animal rights lobbies have unleashed a campaign condemning it. They cited sprawling criminal investigations into JBS or its controllers in Brazil and in the U.S., as well as concerns over the deforestation of the Amazon and the company's outsized role as a large global emitter of greenhouse gases in the course of its operations.