Reuters

DUBAI (Reuters) - Yemen's Houthi group said on Thursday it launched two joint military operations with the Iraqi Islamic Resistance against ships at Israel's Haifa port.

"The first targeted two ships carrying military equipments in the port of Haifa, while the second targeted a ship that violated the decision to ban entry to the port," Houthi military spokesperson Yahya Saree said in a televised statement.

The Houthis, who control Yemen's... (continue reading...)

(Reuters) - U.S. worker productivity grew slightly less than previously estimated in the first quarter but exceeded market expectations, and unit labor costs rose by less than first thought, data from the Labor Department showed on Thursday, although the revision seems unlikely to allay Federal Reserve officials' hesitance to turn to rate cuts in the near term.

Nonfarm productivity, which measures hourly output per worker, increased at a 0.2%... (continue reading...)

(Reuters) - Jif peanut butter maker JM Smucker topped Wall Street estimates for fourth-quarter profit on Thursday, helped by higher prices of condiments and frozen food as well as lower input costs, sending its shares up 2% before the bell.

Benefits from price hikes helped the company shield its margins from rising costs of coffee. It further benefited from manufacturing and commodities prices coming down from their peak.

The Dunkin'... (continue reading...)

(Reuters) - The number of Americans filing new claims for unemployment benefits increased last week, but underlying strength in the labor market should continue to support the economy.

Initial claims for state unemployment benefits rose 8,000 to a seasonally adjusted 229,000 for the week ended June 1, the Labor Department said on Thursday. Economists polled by Reuters had forecast 220,000 claims in the latest week.

The labor market has... (continue reading...)

(Reuters) -The European Central Bank cut rates for the first time in five years on Thursday, but kept investors in the dark about its next move, given increasing uncertainty over inflation after a sharp slowdown in the past year.

It lowered its record-high deposit rate by 25 basis points to 3.75%, but raised its inflation forecast for this year and the next.

The ECB stressed any further rate reduction would depend on incoming data and... (continue reading...)