Category Archives:
Philadelphia Fed finds factory activity pulled back in October
By Michael S. Derby NEW YORK (Reuters) - Factory activity in the Federal Reserve Bank of Philadelphia's district contracted again in October, the bank said in a report Thursday. The bank's index for g...
Oct 20, 2022
Google activates Israel’s first local cloud region
By Steven Scheer JERUSALEM (Reuters) - Alphabet's Google on Thursday activated a local cloud region for Israel, offering cloud services to the country's government and military in a move expected to b...
Oct 20, 2022
U.S. weekly jobless claims fall
(Reuters) - The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, indicating the labor market remains tight even as demand for labor is cooling amid higher i...
Oct 20, 2022
Canada home price tumble in September shattering record -Teranet
OTTAWA (Reuters) - Canadian home prices tumbled in September from August, posting the largest monthly decline since the index was launched in 1999, while year-over-year price gains continued to slow, ...
Oct 20, 2022
Affluent splash out on pricey Birkin bags but clouds loom
By Mimosa Spencer and Dominique Vidalon PARIS (Reuters) - Brushing off higher prices, affluent spenders continue to splash out on luxuries including $10,000 handbags and premium drinks, updates from B...
Oct 20, 2022
Freeport-McMoRan profit more than halves on weak copper prices
(Reuters) -Copper miner Freeport-McMoRan Inc on Thursday reported a 71.7% fall in third-quarter profit as recession fears and COVID-19 lockdowns in China hit the red metal's prices. LME copper has giv...
Oct 20, 2022
Weak oil demand to lower GCC economic growth in 2023: Reuters poll
By Anant Chandak BENGALURU (Reuters) - Economic growth in the six-member Gulf Cooperation Council will remain strong but slow significantly next year as high oil prices hurt demand for the commodity, ...
Oct 20, 2022
Nikola expects Inflation Reduction Act to lower hydrogen, truck costs
By Akash Sriram (Reuters) - Incentives provided by the recently passed Inflation Reduction Act (IRA) will help Nikola Corp by lowering costs of its electric trucks and hydrogen energy business, the el...
Oct 20, 2022
Union Pacific lowers annual volume growth forecast
(Reuters) - Union Pacific Corp on Thursday trimmed its full-year volume growth forecast to about 3% from a prior forecast of 4% to 5%, as the U.S. railroad operator reels from worker shortages and sup...
Oct 20, 2022
Russians withdrew $7.5 billion in Sept as they left the country – central bank
MOSCOW (Reuters) - Russian citizens withdrew 458 billion roubles ($7.5 billion) in cash from banks in September, with the bulk of the outflow recorded in the second half of the month when increased nu...
Oct 20, 2022
Peoria, IL, USA
75 °F Partly cloudy
