Hot US Aug CPI seen cementing aggressive FOMC
NEW YORK (Reuters) – Monthly U.S consumer prices unexpectedly rose in August as declining gasoline prices were offset by gains in the costs of rent and food, giving cover for…
NEW YORK (Reuters) – Monthly U.S consumer prices unexpectedly rose in August as declining gasoline prices were offset by gains in the costs of rent and food, giving cover for…
(Reuters) – Gen Z is struggling to save and meet its financial goals in a world gripped with decades-high inflation and challenging economic conditions, a Bank of America survey showed…
By Jane Lanhee Lee (Reuters) – Silicon Valley startup SiFive Inc on Tuesday launched three new products aimed at the automotive market, which is emerging as one of the hottest…
SAO PAULO (Reuters) – Services activity in Brazil rose 1.1% in July from June, the country’s statistics agency IBGE said on Tuesday, above the median 0.5% increase forecast in a…
WARSAW (Reuters) – Poland will raise the minimum wage twice next year and by more than previously planned, Prime Minister Mateusz Morawiecki said on Tuesday, as Poland’s ruling party prepares…
MADRID (Reuters) – Spanish billionaire and Zara founder Amancio Ortega is in talks to buy several warehouses in the United States rented by global firms such as Amazon and FedEx…
(Reuters) – The global economy could avert a recession as data points to a potential soft landing, J.P. Morgan analysts said, while adding that the Federal Reserve might have “over-reacted”…
By Deborah Mary Sophia and Mehr Bedi (Reuters) – Shares of Rent the Runway plunged more than 22% before the bell on Tuesday, as more Americans paused their subscription to…
FRANKFURT (Reuters) – Bayer’s supervisory board has initiated a search for a successor to Chief Executive Werner Baumann, who has said he would not seek a renewal of his contract…
(Reuters) – Thrive Capital said on Tuesday that Walt Disney Co’s former top boss, Robert Iger, will join the investment firm as a venture partner. Iger will advise on day-to-day…
ZURICH (Reuters) – Credit Suisse’s Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring and cost savings than other…
FRANKFURT (Reuters) – Volkswagen’s truck division Traton on Tuesday said some of its divisions were disposing assets in Russia, a move that will cause a 550 million euro ($560 million)…
By Jonathan Cable LONDON (Reuters) – The Bank of England looks set to hike borrowing costs by another 50 basis points next week, although it may opt for an even…
By William Schomberg and David Milliken LONDON (Reuters) -Britain’s jobless rate hit its lowest since 1974 but the drop was due mostly to a fall in the size of the…
By Huw Jones LONDON (Reuters) -The global Basel Committee of banking regulators will complete work on “robust” rules for how banks must set aside capital to cover cryptoassets on their…
By Andreas Rinke, Belén Carreño and Michel Rose PARIS/MADRID/BERLIN (Reuters) -French scepticism about a new gas pipeline across the Pyrenees highlights the competing visions for Europe’s future energy mix as…
(Reuters) -Peloton Interactive Inc co-founders John Foley and Hisao Kushi are stepping down from their executive roles, at a time the troubled exercise bike maker is undergoing massive changes to…
WASHINGTON (Reuters) – U.S. small-business confidence improved in August as worries about inflation subsided and demand for workers remained strong despite the uncertainty shrouding the economy, a survey showed on…
LONDON (Reuters) – Bank of America revised up its forecast for the peak in Bank of England interest rates to 4% on Tuesday from a previous estimate of 3.25%, saying…
A look at the day ahead in U.S. and global markets from Mike Dolan. If reining in inflation expectations is the U.S. Federal Reserve’s main task, it can count the…
ATHENS (Reuters) – JPMorgan upgraded Piraeus Bank to “overweight” and said it was positive on Greece’s four big banks in a research report published on Tuesday. Greek bank shares are…
(Reuters) – Analysts have cut their 12-month earnings forecasts for Asian companies over the past month, undermined by a dip in manufacturing activity and concerns over a drop in shipments,…
JOHANNESBURG (Reuters) – Africa is losing 5% to 15% of its per capita economic growth due the effects of climate change and is facing a gaping climate finance shortfall, according…
BERLIN (Reuters) -German investor sentiment fell further than expected in September as concerns over the country’s energy supply increasingly weigh on the outlook for Europe’s largest economy. The ZEW economic…
(Reuters) – Chinese regulators have told the country’s biggest banks and state-owned firms to start a round of checks on their financial exposure to Chinese conglomerate Fosun International Ltd, Bloomberg…