Today: September 30, 2024
Today: September 30, 2024

Latest From Reuters

Economy

Fed's Logan: inflation heading to 2%, too soon to cut rates

Dallas Federal Reserve Bank President Lorie Logan said on Thursday she believes inflation is still heading to the Fed's 2% target, although she can imagine "other paths" that

Fed's Logan: inflation heading to 2%, too soon to cut rates
Business|Economy

Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar

Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as Americans snap up its

Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar
Business|Economy

UK business optimism hits eight-year high, Lloyds says

British businesses are their most confident in eight years and their hiring plans are the strongest since 2017, according to a survey published on Friday that added to signs of a

UK business optimism hits eight-year high, Lloyds says
Business|Economy

Agitated markets wary of June heat

A look at the day ahead in U.S. and global markets from Mike Dolan This week's bout of bond market anxiety eased a touch on Thursday, but investors wary of heavy sovereign debt sales and election

Agitated markets wary of June heat
Business|Economy

China mulls record fine for PwC over Evergrande auditing, Bloomberg News reports

China is weighing a record fine for PricewaterhouseCoopers LLP (PwC) and suspending some of the auditor's local operations over its role in auditing troubled property developer China

China mulls record fine for PwC over Evergrande auditing, Bloomberg News reports
Business|Economy

How BHP's failed six-week pursuit of Anglo American unfolded

-Miner BHP Group walked away from its $49 billion plan to take over rival Anglo American on Wednesday after its last-ditch request for more time was rejected by the London-listed company,

How BHP's failed six-week pursuit of Anglo American unfolded
Business|Economy

Kohl's set for worst day ever on surprise quarterly loss, annual forecast cut

Department store chain Kohl's cut its annual sales and profit forecasts after posting a surprise quarterly loss on weaker consumer demand for its apparel and footwear

Kohl's set for worst day ever on surprise quarterly loss, annual forecast cut
Business|Economy

UBS shake-up reshuffles potential Ermotti successors

UBS on Thursday announced a shake-up of its senior management, splitting its top wealth role between two executives who are both seen as potential successors to CEO Sergio

UBS shake-up reshuffles potential Ermotti successors
Business|Economy

US Steel, Nippon Steel receive all non-US approvals for merger

U.S. Steel Corp and Japan's Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.

US Steel, Nippon Steel receive all non-US approvals for merger
Business|Economy

Dollar General says consumer spending to be pressured through 2024

Dollar General warned on Thursday that customers would remain price sensitive throughout the year, hurting demand for its more profitable discretionary items, at a time

Dollar General says consumer spending to be pressured through 2024
Business|Economy

Thai April factory output unexpectedly rises for first time in 19 months

Thailand's manufacturing production index unexpectedly rose 3.43% in April from a year earlier, increasing for the first time in 19 months, helped by higher exports and tourism,

Thai April factory output unexpectedly rises for first time in 19 months
Business|Economy

Toyota's global volumes fall in April, led by drops in China and Japan

Toyota Motor's April global sales and production fell from a year earlier, hurt by an intense price war in China and a decline in Japan after a production stoppage of some models and

Toyota's global volumes fall in April, led by drops in China and Japan
Business|Economy

Biding time before the data dump

A look at the day ahead in European and global markets from Rae Wee The lack of fresh market moving catalysts on Thursday meant that the higher-for-longer rates narrative was here to stay, at least

Biding time before the data dump
Business|Economy

Walmart says customers overcharged at some US stores due to technical issue

Walmart said on Wednesday that a technical issue in mid-March resulted in the retailer overcharging customers at some stores in the United States.

Walmart says customers overcharged at some US stores due to technical issue
Business|Economy

Argentina market analysts see chance of another rate cut

Argentine analysts expect the country's central bank to again cut its benchmark interest rate following a bond tender set for Wednesday that is worth billions of dollars and

Argentina market analysts see chance of another rate cut
Business|Economy

US firms grow more pessimistic on economic outlook, Fed survey shows

U.S. economic activity continued to expand from early April through mid-May but firms grew more downbeat about the future amid weakening consumer demand while inflation

US firms grow more pessimistic on economic outlook, Fed survey shows
Business|Economy|Environment

Chevron shareholders re-elect all directors, CEO confident on Hess deal

Chevron shareholders on Wednesday re-elected all its 12 board directors, in a sign of support for the oil major at a time when it is caught in the regulatory crosshairs over its $53

Chevron shareholders re-elect all directors, CEO confident on Hess deal
Business|Economy

American Eagle misses quarterly sales estimates on cautious consumer spending

American Eagle Outfitters on Wednesday missed Wall Street estimates for quarterly revenue as sticky inflation hurt demand for its apparel and accessories often sold at

American Eagle misses quarterly sales estimates on cautious consumer spending
Business|Economy

Musk's $56 billion pay package opposed by CalPERS, CNBC reports

California Public Employees' Retirement System's (CalPERS) CEO, Marcie Frost, said the agency plans to oppose Tesla Chief Executive Elon Musk's $56 billion pay package, CNBC reported on

Musk's $56 billion pay package opposed by CalPERS, CNBC reports
Economy

Fed in a bind as consumers stay upbeat

A look at the day ahead in U.S. and global markets from Mike Dolan World markets wobbled on Tuesday, with benchmark bond yields and volatility gauges jumping to their highest in almost four weeks, as

Fed in a bind as consumers stay upbeat
Business|Economy

Wall St drops as rate worries push bond yields higher

Wall Street opened lower on Wednesday, with investors turning risk averse as concerns around the timing and scale of the Federal Reserve's interest rate cuts pushed Treasury yields higher

Wall St drops as rate worries push bond yields higher
Business|Economy

Goldman Sachs raises more than $20 billion for direct lending

Goldman Sachs Asset Management's alternative investments platform said on Wednesday its latest fund had raised more than $20 billion for senior direct lending.

Goldman Sachs raises more than $20 billion for direct lending
Business|Economy

Thai central bank says rates could change if economic outlook shifts

Thailand's central bank could adjust interest rates if the outlook for the economy and inflation changes, but rates are not a key factor for boosting the economy, a deputy governor

Thai central bank says rates could change if economic outlook shifts
Business|Economy

BHP walks away from $49 billion takeover offer for Anglo American

BHP Group said on Wednesday it did not intend to make a formal offer for Anglo American, walking away from its $49 billion takeover deal, after the London-listed rival refused to extend

BHP walks away from $49 billion takeover offer for Anglo American
Economy

Inflation up in three German states, pointing to slight national rise

Inflation in three German states inched up in May, preliminary data showed, suggesting that national inflation in Europe's biggest economy may rise slightly, although price growth

Inflation up in three German states, pointing to slight national rise

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