Stocks, dollar decline after Fed holds rates steady
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged and
Today: May 02, 2024
Education
Today's campus protests aren't nearly as big or violent as those last century -- at least, not yet
Jill Biden is hosting a White House 'state dinner' to honor America's 2024 teachers of the year
What students protesting Israel’s Gaza siege want − and how their demands on divestment fit into the BDS movement
Today's campus protests aren't nearly as big or violent as those last century -- at least, not yet
Jill Biden is hosting a White House 'state dinner' to honor America's 2024 teachers of the year
What students protesting Israel’s Gaza siege want − and how their demands on divestment fit into the BDS movement
Economy
Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic
Apple has posted its steepest quarterly decline in iPhone sales since the pandemic’s outset
The Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy
United Methodists remove anti-gay language from their official teachings on societal issues
For the past 52 years, the United Methodist Church had officially declared “the practice of homosexuality
The first wrongful-death trial in Travis Scott concert deaths has been delayed
The start of the first civil trial stemming from the deadly crowd surge at the 2021 Astroworld festival in Texas has been delayed
Send us Patriots: Ukraine's battered energy plants seek air defenses against Russian attacks
Ukrainian energy workers are struggling to repair the damage from intensifying airstrikes aimed at pulverizing Ukraine’s energy grid
Political heat prods Japan, South Korea to team up on weak currencies
By Leika Kihara WASHINGTON (Reuters) -The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint statement with the U.S. this week underscores the
Morning bid: Fragile FX, tech swoon cloud sentiment
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets.
US commerce secretary downplays chip in advanced Huawei phone
WASHINGTON (Reuters) - The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S.
CNH picks Iveco Group's Marx as new chief executive
(Reuters) -The holding company of Italy's Agnelli family has overseen a shakeup at the top of two of its major industrial groups, with Scott Wine quitting his post as CEO of farm and construction
China state fund pours $41 billion into stock market in Q1, reports show
SHANGHAI (Reuters) - Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds' latest
World Bank financing arm IFC plans $1.9 billion in Ukraine investments
By Karin Strohecker WASHINGTON (Reuters) - The World Bank's private investment arm expects to finance $1.9 billion in projects in Ukraine over the next 18 months, an official from the organization
CVC aims at up to $16 billion valuation in Amsterdam IPO
By Pablo Mayo Cerqueiro and Michal Aleksandrowicz (Reuters) -CVC Capital Partners is targeting a market capitalisation as high as 15 billion euros ($16 billion) in its initial public offering (IPO),
China's Q1 fiscal revenue falls as tax cut policies weigh
BEIJING (Reuters) - China's fiscal revenue in the first quarter fell 2.3% from a year earlier, as some special factors including previous tax cut policies weighed, the finance ministry said on Monday.
Exclusive-ECB governors fear Fed-style 'dot plot' would invite political pressure, sources say
By Francesco Canepa WASHINGTON (Reuters) - European Central Bank governors fear publishing their interest rate forecasts would invite pressure from governments trying to gauge if their central banker
Powell's 'restrictive' emphasis maximizes Fed flexibility: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most senior policymakers that U.S. monetary policy could
New Brexit border checks could stifle fine food imports from EU, warn sellers
By James Davey LONDON (Reuters) - Panzer's delicatessen in north west London has lost 37 suppliers from the European Union since Britain left the bloc's single market in 2021, and owner David Josephs
Indonesia posts larger-than-expected trade surplus in March as imports shrink
JAKARTA (Reuters) - Indonesia reported a $4.47 billion trade surplus in March, data from the statistics bureau showed on Monday, larger than a forecast surplus of $1.13 billion in a Reuters poll as
Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated
A look at the day ahead in U.S. and global markets from Mike Dolan The so-called 'Magnificent 7' of U.S. megacap tech stocks has retreated sharply as first-quarter earnings updates kick off this week,
Copper demand to boom as new technology drives power consumption, Trafigura says
LONDON (Reuters) - Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the
Mexico economy to keep growing steadily after June presidential vote: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) - Mexico's economy is set to grow steadily after June's presidential election, in line with a decent performance in the United States, while the fiscal front
Sri Lanka's inflation drops to 2.5% in March
COLOMBO (Reuters) - Sri Lanka's consumer price inflation rate dropped to 2.5% in March from 5.1% in February, official data showed on Monday, as the impact of a higher sales tax needed to meet targets
US travel sector faces long wait for China tourism to hit 2019 highs
By Aishwarya Jain (Reuters) - The U.S. travel sector will have to wait at least two more years for lucrative Chinese tourism to recover to pre-pandemic levels as slow growth and high costs in the
Italy posts highest 2023 budget deficit in EU by far in latest revision
By Giuseppe Fonte ROME (Reuters) - Italy last year posted by far the highest budget deficit-to-GDP ratio in the European Union, the bloc's statistics arm Eurostat reported on Monday, after Rome's 2023
German spy agency seeks more powers amid Russia's suspected financing of far right
By Sarah Marsh BERLIN (Reuters) - Germany's domestic spy agency urged Berlin on Monday to give it more powers to monitor financial flows amid growing concerns over potential Russian financing of
