Atlanta Fed model lifts US third quarter GDP view to 5.8%
By Noel Randewich (Reuters) – The U.S. economy is likely growing at a 5.8% annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow …
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Investors pummeled by tech in 2022 make new bets on sector in second quarter
By Svea Herbst-Bayliss NEW YORK (Reuters) – Several investment managers whose performance was pummeled when technology stocks skidded lower last year put fresh money into …
Trulieve posts wider Q2 loss, says extreme heat weighing on current quarter
By Tanay Dhumal (Reuters) -Pot firm Trulieve Cannabis on Wednesday posted a wider second-quarter loss and said the worse-than-usual temperature and lower customer spending were …
US productivity surges in second quarter; labor costs growth slows
WASHINGTON (Reuters) – U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and offering another boost to the …
Australia retail sales extend losing stretch to a third quarter
By Wayne Cole SYDNEY (Reuters) -Australian retail sales volumes fell again in the June quarter as cost of living pressures and rising borrowing costs ate …
U.S. housing availability rate slips in second quarter
By Safiyah Riddle (Reuters) – U.S. housing vacancy rates edged lower in the second quarter, according to a government report on Wednesday, intensifying a nationwide …
Japan’s megabanks eye BOJ boost after solid first quarter
By Makiko Yamazaki and Anton Bridge TOKYO (Reuters) -Two of Japan’s megabanks reported solid quarterly profits on Monday amid hopes the Bank of Japan’s (BOJ) …
Brazil’s jobless rate hits lowest since 2014 for a quarter through June
SAO PAULO (Reuters) – Brazil’s jobless rate fell in the quarter through June to its lowest level for the period in nine years, statistics agency …
US labor costs growth slows in second quarter
WASHINGTON (Reuters) – U.S. labor costs increased less than expected in the second quarter as wage growth cooled a bit, offering a boost to the …
Sharp Chinese rebound powers LVMH sales growth in second quarter
By Mimosa Spencer PARIS (Reuters) -Sales at the world’s top luxury group LVMH rose by 17% in the second quarter, with a sharp rebound in …
It’s Going to Cost a Quarter-Million Dollars Just to Design New Sheriff’s Headquarters
TOMS RIVER, NJ – As the Ocean County Justice Complex undergoes a $92 million expansion, Ocean County Sheriff Michael Mastronardy wants out. Mastronardy has successfully …
US manufacturing output falls in June; rebounds in second quarter
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output accelerated after two straight …
PNC Financial’s interest income forecast trim clouds upbeat quarter
(Reuters) – PNC Financial Services Group on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow over the lender’s second-quarter earnings …
‘The Marianne Williamson Of The Republican Party’: Experts Sound Alarm On Mike Pence’s First Fundraising Quarter
‘The Marianne Williamson Of The Republican Party’: Experts Sound Alarm On Mike Pence’s First Fundraising Quarter Mary Lou Masters on July 17, 2023 Republican presidential …
Fisker to sell limited edition electric SUVs in India by fourth quarter
(Reuters) – U.S. startup Fisker said on Monday it would produce 100 limited edition electric sports utility vehicles (SUVs) for the Indian market and expects …
Here’s How Much Campaign Cash 2024 GOP Candidates Have Going Into The Next Fundraising Quarter
Here’s How Much Campaign Cash 2024 GOP Candidates Have Going Into The Next Fundraising Quarter Mary Lou Masters on July 16, 2023 Presidential candidates filed …
European sovereign bond funds pull in record $15 billion in second quarter
By Harry Robertson LONDON (Reuters) – Global investors poured a record amount of money into European sovereign bond funds in the second quarter of the …
Tim Scott Rakes In Over $6 Million In First Quarter As Presidential Candidate
Tim Scott Rakes In Over $6 Million In First Quarter As Presidential Candidate Mary Lou Masters on July 12, 2023 South Carolina Sen. Tim Scott …
Bank of Canada seen hiking rates quarter point to tame stubborn inflation
By Steve Scherer OTTAWA (Reuters) – The Bank of Canada (BoC) is heading toward a second consecutive quarter-point interest rate hike on Wednesday after a …
DeSantis Campaign Raises $20 Million In Second Quarter, Trailing Trump’s Haul
DeSantis Campaign Raises $20 Million In Second Quarter, Trailing Trump’s Haul Mary Lou Masters on July 6, 2023 Florida Gov. Ron DeSantis raised $20 million …
Amid indictments, Trump’s fundraising nearly doubled in second quarter
By Jason Lange WASHINGTON (Reuters) – Republican presidential candidate Donald Trump’s main fundraising committee raised more than $35 million during the April-June period, a campaign …
Swedish central bank seen hiking by quarter percentage point to 3.75% this week: Reuters poll
STOCKHOLM (Reuters) – Sweden’s central bank will hike its policy rate by a quarter percentage point this week in a bid to bring down inflation …
Forecasts show U.S. earnings decline in second quarter
By Caroline Valetkevitch NEW YORK (Reuters) – Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter season as the likelihood of …
‘Great Resignation’ continues as quarter of workers look to change jobs – PwC
By Divya Chowdhury MUMBAI (Reuters) – A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from 19% …
AMO, Partners Seize 52 Tons of Drugs in 2nd Quarter
WASHINGTON— U.S. Customs and Border Protection’s Air and Marine Operations, along with their federal and international partners, seized nearly 82,123 pounds of cocaine and 21,396 pounds …
Irish domestic economy returns to growth in first quarter
DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow recession, data showed on Friday, …
Colombia current account deficit shrank 36.3% in first quarter
BOGOTA (Reuters) – Colombia’s current account deficit shrank 36.3% in the first quarter compared with the same period last year, to $3.42 billion, the central …
India’s economy likely gained pace in March quarter
By Manoj Kumar NEW DELHI (Reuters) – India is set to release data on Wednesday that is expected to show the economy grew by 5% …
Swiss economy grows at faster than expected rate in first quarter
ZURICH (Reuters) – The Swiss economy grew by a faster than expected rate at the start of the year, the government said on Tuesday, supported …
San Diego Field Office seizes millions of dollars in narcotics in first quarter of 2023
SAN DIEGO – U.S. Customs and Border Protection officers from the San Diego Field Office seized a variety of narcotics worth an estimated quarter billion …
South Korea household credit shrinks at record pace in first quarter
SEOUL (Reuters) – South Korea’s household credit shrank at a record pace in the first quarter as high interest rates suppressed demand, central bank data …
Analysis-Investors see trouble ahead after Europe’s stellar first quarter
By Joice Alves LONDON (Reuters) – Big European companies have delivered significantly stronger than expected first-quarter results, defying a challenging economic backdrop that includes surging …
Russian economy shrank 1.9% in first quarter – stats service
(Reuters) – Russia’s economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service showed on Wednesday, following growth …
Colombia’s Grupo SURA nearly doubles profits in first quarter
(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, almost doubled in the first quarter compared to the year-ago period, the company said …
Arrowstreet, Coatue Management among big hedge funds buying Meta in first quarter
By David Randall NEW YORK (Reuters) – Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors …
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla …
Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
(Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other …
Australia Q1 retail sales volumes fall for a second straight quarter
SYDNEY (Reuters) – Australian retail sales volumes during the first quarter of 2023 fell for a second straight quarter, a sign that rising interest rates …
Joint Philippines-U.S. patrols in South China Sea may begin by third quarter – envoy
MANILA (Reuters) – Joint patrols between the Philippines and the United States in the South China Sea may begin later this year, a top diplomat …
Moncler’s sales up 23% in first quarter, beating expectations
MILAN (Reuters) -First quarter sales at Italian fashion group Moncler jumped by 23% at constant exchange rates, beating analysts’ expectations, boosted by Chinese demand and …
US productivity drops in first quarter; labor costs jump
WASHINGTON (Reuters) – U.S. worker productivity fell more than expected in the first quarter after growing in the second half of 2022, boosting labor costs, …
Metro Bank posts second quarter of profitability on mortgage loans demand
(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inflows picked up pace in March …
Indonesia economy likely grew 4.95% on year in Q1, contracted vs quarter: Reuters poll
By Sujith Pai BENGALURU (Reuters) – Indonesian annual economic growth likely slowed to its weakest in more than a year in January-March and shrank on …
Foreign tourism to Portugal has best first quarter ever
LISBON (Reuters) – The number of foreign tourists visiting Portugal surpassed 2.8 million from January through March, making it the best first quarter on record …
Czech rates seen on hold before cut in third quarter
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to maintain policy stability and keep its key interest rate at a …
Starbucks operator Alsea posts profit bump on sales boost
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea posted a 12% bump in net profit for the first three months of this year, the company …
Recession-wary investors pour $9.1 billion into hedge funds in first quarter
By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on …
TotalEnergies’ variable cost margin for European refineries jumps in the first quarter
(Reuters) – French energy company TotalEnergies’ variable cost margin for European refineries jumped to $87.8 dollar per tonne in the first quarter, the company said …
Brazil’s jobless rate rises to 8.6% in quarter through February
SAO PAULO (Reuters) – Brazil’s jobless rate rose to 8.6% in the three months through February, statistics agency IBGE said on Friday, slightly below market …
First quarter ‘dash for cash’ largest since early 2020 -BofA
LONDON (Reuters) – Investors moved $508 billion into cash in the first three months of this year, the largest quarterly inflow since market turmoil early …