Category Archives:
US consumer spending beats expectations in April; inflation picks up
WASHINGTON (Reuters - U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter, and inflation picked up, which could see the Federal...
May 26, 2023
Brahman Capital shuts hedge fund as profits dry up – Bloomberg News
(Reuters) - New York-based investment management company Brahman Capital Corp is closing one of its equity hedge fund and returning cash to its clients, Bloomberg News reported on Thursday, citing peo...
May 26, 2023
Mexico economy grows 1.0% in Q1, in line with projections
(Reuters) - Mexico's economy grew 1.0% in the first quarter from the previous three-month period, national statistics agency INEGI said on Friday, matching forecasts from economists in a Reuters poll....
May 26, 2023
U.S. screens highest number of air passengers since 2019
WASHINGTON (Reuters) - The Transportation Security Administration screened 2.658 million passengers on Thursday, the highest number since the COVID-19 pandemic. The Federal Aviation Administration (FA...
May 26, 2023
Renault CEO says Euro 7 regulation distracting industry from electrification
MILAN (Reuters) - Renault's chief executive said on Friday the European Union's proposed Euro 7 emissions rules for vehicles would distract the auto industry from its path to electrification and thank...
May 26, 2023
Italy’s Industry Ministry reports ‘heavy’ cyberattack
MILAN (Reuters) - The Italian Industry Ministry's web portal and applications were hit by a "heavy cyberattack" on Friday and were out of order, it said. Technicians were working to "mitigate the cons...
May 26, 2023
US money market funds see big inflows amid debt ceiling caution
(Reuters) - U.S. money market funds saw big inflows in the week to May 24 as investors favored safer bets ahead of a deadline for politicians to agree an increase in the country's debt ceiling. Accord...
May 26, 2023
U.S. Treasury’s Adeyemo sees no ability to ‘triage’ payments without debt limit hike
WASHINGTON (Reuters) - Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the capability to "triage" payment priorities if the debt ceiling is not raise...
May 26, 2023
Embraer exec sees no sales hit from Pratt & Whitney engine woes
LISBON (Reuters) - The head of Brazilian Embraer's planemaking division dismissed concerns that problems at engine supplier Pratt & Whitney would discourage airlines from placing orders and hinted at ...
May 26, 2023
Georgian billionaire wins $926 million from Credit Suisse after fraud
By John Revill ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia's former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents ...
May 26, 2023
Peoria, IL, USA
69 °F Thunderstorm In Vicinity
