Category Archives:
Markets expect Fed to lift policy rate above 5% by March
(Reuters) - The Federal Reserve will take its benchmark policy rate above 5% by March and keep it there for most of 2023 in a bid to squeeze inflation out of the world's biggest economy, traders of U....
Nov 03, 2022
U.S. factory orders rise moderately in September
WASHINGTON (Reuters) - New orders for U.S.-manufactured goods increased moderately in September as a surge in bookings for civilian aircraft was partially offset by declines elsewhere, suggesting a lo...
Nov 03, 2022
U.S. labor market resilience persists; productivity remains weak
By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong despite slowing dom...
Nov 03, 2022
German in talks with U.S. on Inflation Reduction Act: minister
BERLIN (Reuters) - Germany is in talks with the United States regarding its Inflation Reduction Act, and how it will affect European companies, in order to avoid a "trade war", Economy Minister Robert...
Nov 03, 2022
Chrysler-parent urges 276,000 U.S. owners to stop driving after air bag deaths
By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis is urged owners of 276,000 older U.S. vehicles to immediately stop driving after three crash deaths tied to faulty Takata air bag i...
Nov 03, 2022
U.S. service sector slows in October; price pressures build up – ISM survey
WASHINGTON (Reuters) - The U.S. services industry grew at its slowest pace in nearly 2-1/2 years in October, but businesses continued to face higher prices for inputs, confirming that inflation was sh...
Nov 03, 2022
Danish train standstill on Saturday caused by cyber attack
COPENHAGEN (Reuters) - A major breakdown of Denmark's train network during the weekend was the result of a hacker attack on an IT subcontractor's software testing environment, Danish train operator DS...
Nov 03, 2022
Facebook-parent Meta’s India head Ajit Mohan steps down
BENGALURU (Reuters) - Facebook-parent Meta Platforms Inc said on Thursday that its India head, Ajit Mohan, has stepped down after four years, while a media report said he would join rival Snap Inc . M...
Nov 03, 2022
Thousands rally in Spain to demand pay hikes amid high inflation
By Marco Trujillo MADRID (Reuters) - Thousands of Spaniards packed Madrid's landmark Plaza Mayor square on Thursday to demand higher pay in the first mass protest since the start of the cost of living...
Nov 03, 2022
U.S. is not in recession, data strong, says White House
WASHINGTON (Reuters) - The United States is not in a recession, White House chief of staff Ron Klain said on Thursday, adding that economic data showed the nation's economy was solid. "We are not in a...
Nov 03, 2022
Peoria, IL, USA
42 °F Overcast
