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US manufacturing output rises in November
WASHINGTON (Reuters) - Production at U.S. factories increased in November, lifted by a partial rebound in motor vehicle output following the end of strikes by the United Auto Workers (UAW) union again...
Syndicated Content Dec 15, 2023
Bank of Italy cuts 2024 GDP forecast to 0.6%, sees inflation below 2%
ROME (Reuters) - The Italian economy will grow by just 0.6% next year, the country's central bank said on Friday, cutting a previous forecast of 0.8% made two months ago and citing "signs of more prol...
Syndicated Content Dec 15, 2023
Traders pare bets on 2024 rate cuts as Fed’s Williams says talk is ‘premature’
(Reuters) - Traders of futures contracts that settle to the Federal Reserve's benchmark rate pared bets on U.S. interest-rate reductions next year as New York Fed President John Williams told CNBC in ...
Syndicated Content Dec 15, 2023
Biden backs ethanol industry on low-emission aviation fuel tax credits
By Stephanie Kelly and Leah Douglas (Reuters) - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax cr...
Syndicated Content Dec 15, 2023
Under pressure from Shein, H&M reaches for upmarket shoppers
By Helen Reid LONDON (Reuters) - During Paris Fashion Week, pop icon Cher, Swedish singer Robyn and South Korean DJ Peggy Gou performed at Silencio nightclub to a crowd of actors and models including ...
Syndicated Content Dec 15, 2023
Russia nears end of rate rise cycle with hike to 16%
By Vladimir Soldatkin and Alexander Marrow MOSCOW (Reuters) - Russia's central bank raised its key interest rate by 100 basis points to 16% on Friday, hiking borrowing costs for the fifth consecutive ...
Syndicated Content Dec 15, 2023
US equity funds rebound with net inflows amid market rally
(Reuters) - U.S. equity funds attracted net inflows in the week through Dec. 13 amid a rally on Wall Street despite caution ahead of the Federal Reserve's upcoming monetary policy announcement. Invest...
Syndicated Content Dec 15, 2023
US bank shares set for more gains on loan growth hopes from rate cuts
By Manya Saini (Reuters) - U.S. bank stocks extended their rally before the bell on Friday, cheered by the prospect of higher loan growth and lower deposit costs after the Federal Reserve's dovish sta...
Syndicated Content Dec 15, 2023
Darden falls short of sales estimates as fine dining takes a backseat
(Reuters) - Olive Garden owner Darden Restaurants on Friday forecast annual same-store sales largely below estimates and missed Wall Street expectations for second-quarter revenue as its fine dining b...
Syndicated Content Dec 15, 2023
Activist investor Peltz reignites proxy battle with Disney
(Reuters) - Activist investor Nelson Peltz nominated himself and former Walt Disney executive James "Jay" Rasulo to the board of the 100-year-old media company on Thursday, his second attempt this yea...
Syndicated Content Dec 15, 2023
Peoria, IL, USA
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