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Column-The Fed and a soft landing? It’s not as rare as you think: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - Engineering a soft landing is hard. But if you zoom out from the strictest definition of the term, the U.S. Federal Reserve has managed it more often tha...
Syndicated Content Apr 14, 2023
US retail sales fall more than expected in March
WASHINGTON (Reuters) - U.S. retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big ticket items, suggesting that the economy was losing steam ...
Syndicated Content Apr 14, 2023
Fed seen on track for rate hike with latest retail sales data
(Reuters) - Traders of futures tied to the Federal Reserve's policy rate on Friday kept bets the U.S. central bank will increase its benchmark rate in May by another quarter-of-a-percentage point afte...
Syndicated Content Apr 14, 2023
Analysis-Emergency Credit Suisse rescue shakes faith in Switzerland
By John Revill and Noele Illien ZURICH/BERN (Reuters) - Switzerland's tradition of dependable consensus politics has taken a battering after the government used an emergency law to push through a stat...
Syndicated Content Apr 14, 2023
Loblaw to spend $1.5 billion to expand business in Canada, create 6,000 jobs
(Reuters) - Loblaw Companies Ltd on Friday said it would spend C$2 billion ($1.50 billion) to expand its business in 2023 and create more than 6,000 new jobs in retail, supply chain, technology and co...
Syndicated Content Apr 14, 2023
When it comes to climate risk, investors prize disclosure, report suggests
By Isla Binnie NEW YORK (Reuters) - Firms find that investors penalize their stock less for high greenhouse gas emissions if they voluntarily disclose that data, researchers at Lazard's climate center...
Syndicated Content Apr 14, 2023
Florida Governor Desantis signs 6-week abortion ban law
(Reuters) - Florida's Republican Governor Ron DeSantis has signed a bill into law that bans most abortions after six weeks, setting the stage for abortion access to be drastically curtailed in the sta...
Syndicated Content Apr 14, 2023
PNC Financial beats profit estimates on boost from higher interest rates
(Reuters) - PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve's rate hikes fueled a surge in the U.S. regional lender's net interest income ...
Syndicated Content Apr 14, 2023
‘Zero capacity to save’: Argentines buckle under 103% inflation
By Horacio Soria and Juan Carlos Bustamante BUENOS AIRES (Reuters) - Argentines, painfully accustomed to decades of spiraling prices, say that the current 102.5%-and-climbing inflation rate is on anot...
Syndicated Content Apr 14, 2023
TSX futures gain on oil boost; big US banks jump
(Reuters) - Futures for Canada's commodity-heavy stock index edged up on Friday, tracking a rise in crude prices, while upbeat earnings from big U.S. banks supported optimistic investor mood. June fut...
Syndicated Content Apr 14, 2023
Peoria, IL, USA
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