Business News

SEOUL (Reuters) – South Korea’s factory output dropped in October by more than expected and at the fastest pace in nearly 2-1/2 years, government data showed on Wednesday, amid weakening …

By Aftab Ahmed NEW DELHI (Reuters) – Annual growth in the Indian economy likely slowed in the July-September quarter as COVID distortions faded, economists said ahead of GDP data due …

By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) – The S&P 500 closed lower on Tuesday as investors awaited guidance on the Federal Reserve’s path of interest rate hikes, …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Federal Reserve Chair Jerome Powell could set the market tone for the rest …

By Trevor Hunnicutt BAY CITY, Mich. (Reuters) – U.S. President Joe Biden on Tuesday hailed easing prices for gasoline, clothes and appliances as “good news for the holiday season,” but …

(Reuters) – Foot Locker Inc said on Tuesday finance chief Andrew Page will move out of his role to pursue other opportunities following the company’s fourth quarter 2022 earnings. The …

By Sam Tobin LONDON (Reuters) – Mastercard lost an appeal in a London court on Tuesday against a ruling in a 10 billion pound-plus ($12 billion-plus) collective action that allows …

By David Shepardson WASHINGTON (Reuters) -U.S. passenger railroad Amtrak said ridership jumped by more than 10 million riders in the year ending Sept. 30 and has nearly returned to pre-COVID-19 …

By Siddharth Cavale, Uday Sampath Kumar and Casey Hall NEW YORK/SHANGHAI (Reuters) – Online shopping fatigue set in across the United States and China as retailers in both countries posted …

By Supantha Mukherjee and Martin Coulter LONDON (Reuters) – Elon Musk’s declaration of war on Apple in a series of tweets on Monday gives Spotify and Fortnite maker Epic Games …

By Divya Rajagopal and Saeed Azhar TORONTO/NEW YORK (Reuters) – Royal Bank of Canada’s swift move to buy HSBC’s Canada unit for C$13.5 billion ($10 billion) strengthens its pole position …

By Karen Brettell NEW YORK (Reuters) – The greenback edged lower against the Japanese yen on Tuesday with Federal Reserve chairman Jerome Powell due to speak on Wednesday, while the …

By Laila Kearney NEW YORK (Reuters) -Oil rose on Tuesday on expectations for a loosening of China’s strict COVID-19 controls, but concerns that OPEC+ would keep its output unchanged at …

By Jeffrey Dastin LAS VEGAS (Reuters) -Amazon.com Inc on Tuesday announced software drawing on its retail expertise in an effort to boost sales to businesses and remain the largest cloud-computing …

By Diana Novak Jones (Reuters) -An employee at the Walmart in Chesapeake, Virginia, where a supervisor fatally shot six people last week, filed a lawsuit on Tuesday against the company, …

BRASILIA (Reuters) – Brazilian central bank director Diogo Guillen said on Tuesday that markets are more sensitive to fiscal news and that fiscal developments enter into policymakers’ decisions through the …

By Divya Rajagopal and Kanishka Singh TORONTO (Reuters) -Canadian regulators will review the sale of HSBC’s business in Canada to Royal Bank of Canada for C$13.5 billion ($10 billion) in …

By John McCrank and Chris Prentice (Reuters) -Virtu Financial Inc took the extraordinary step of suing the U.S. Securities and Exchange Commission, alleging on Tuesday its primary regulator had not …

By Andreas Rinke (Reuters) – The leaders of the International Monetary Fund and the World Trade Organization on Tuesday warned against the negative impact of deglobalization for the global economy, …

(Reuters) – Directors at three of the Federal Reserve’s 12 regional banks supported a smaller increase in a key emergency borrowing rate than the 75-basis point rate hike the U.S. …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence slipped to a four-month low in November, with households less keen to spend on big-ticket items over the next six months …

DEBRA SAUNDERS: The Administrative State Can Put A Bug In Your Phone Debra J. Saunders on November 28, 2022 In the age of cellphones and the internet, consumers often face …

By Davide Barbuscia NEW YORK (Reuters) – Benchmark U.S. Treasury 10-year yields will fall next year as the Federal Reserve slows monetary tightening and eventually cuts interest rates to stimulate …

By Deborah Mary Sophia and Granth Vanaik (Reuters) -Deep discounts on everything from fashion to electronics during the Thanksgiving weekend encouraged more Americans to open their wallets even as inflation …

Disney CEO Pledges To Double Down On LGBT ‘Storytelling’ In Animated Kids’ Movies Laurel Duggan on November 29, 2022 Bob Iger, the newly appointed CEO of Disney, pledged to double …