Today: September 27, 2024
Today: September 27, 2024

Latest From Reuters

Economy

US to import more expensive sugar as Mexican supplies falter

The United States will import sugar at higher costs from places other than its main supplier Mexico, as production there has fallen due to adverse weather conditions, the U.S.

US to import more expensive sugar as Mexican supplies falter
Economy

US weekly jobless claims fall more than expected last week

The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a recent spike in

US weekly jobless claims fall more than expected last week
Economy

Fed's Kugler: "Optimistic" on inflation, though that remains policy focus

U.S.

Fed's Kugler: "Optimistic" on inflation, though that remains policy focus
Economy

Futures flat with focus on earnings, rate-cut expectations

U.S. stock index futures were muted on Wednesday though shares of Ford and Snap saw significant moves following their quarterly results, while investors were on the look out for clues from

Futures flat with focus on earnings, rate-cut expectations
Economy

US set to overtake China as Germany's top trade partner -DIHK

The United States is set to overtake China as Germany's most important trade partner by 2025 at the latest if current trends continue, according to the head of foreign trade at the

US set to overtake China as Germany's top trade partner -DIHK
Economy

Company auditors face more rigorous role in spotting fraud - global body

Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body for corporate auditing said in robust proposals on Tuesday.

Company auditors face more rigorous role in spotting fraud - global body
Economy

Prudential names company insider CFO

Prudential Financial said on Tuesday it had appointed company insider Yanela Frias as executive vice president and chief financial officer (CFO), effective March 15.

Prudential names company insider CFO
Economy

Fed's Mester open to rate cuts if clear inflation is easing further

Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday if the U.S. economy performs as she expects it could open the door to rate cuts, but she’s not ready yet to offer

Fed's Mester open to rate cuts if clear inflation is easing further
Economy

Canada's Ivey PMI rises to 9-month high in January

Canadian economic activity expanded at its fastest pace in nine months in January, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.

Canada's Ivey PMI rises to 9-month high in January
Economy

Deutsche Bank no longer expects U.S. recession in 2024

Deutsche Bank no longer expect the U.S. economy to tip into recession this year, given cooling inflation and the labor market returning to a "better balance" without unemployment rising

Deutsche Bank no longer expects U.S. recession in 2024
Economy

US new home sales rebound in December as mortgage rate retreat

Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market.

US new home sales rebound in December as mortgage rate retreat
Economy

Analysis-China's cratering markets drive mainstay retail investors away

Small Chinese investors are scrambling even harder than foreigners to exit the country's crumbling stock markets, sending premiums on global index funds skyrocketing as they

Analysis-China's cratering markets drive mainstay retail investors away
Economy

Citadel's Griffin says cooling inflation could lead to Fed rate cuts this summer

Cooling inflation in the United States gives the Federal Reserve room to potentially start cutting interest rates this summer, Citadel founder and billionaire investor Ken Griffin said on

Citadel's Griffin says cooling inflation could lead to Fed rate cuts this summer
Economy

Fourth-quarter US earnings estimate improving quickly

The U.S. fourth-quarter earnings estimate is improving sharply, with about 80% of reports so far beating analysts' expectations including ones this week from Meta Platforms and

Fourth-quarter US earnings estimate improving quickly
Economy

Short sellers targeting regional bank stocks up $1 billion -Ortex

Short sellers targeting shares of a group of U.S. regional banks, including New York Community Bancorp, were up about $1.04 billion in paper profits over the last two sessions,

Short sellers targeting regional bank stocks up $1 billion -Ortex
Economy

Nasdaq futures jump on tech earnings cheer ahead of jobs data

Nasdaq futures climbed 1% on Friday as investors cheered strong quarterly reports from Meta Platforms and Amazon.com and keenly awaited a crucial jobs print at the end of a week marked by

Nasdaq futures jump on tech earnings cheer ahead of jobs data
Economy

Marketmind - Tech and Tnotes: Meta surges and jobs eyed

A look at the day ahead in U.S. and global markets from Mike Dolan Groundhog Day for investors dawns with the familiar sight of twin gains in tech stocks and Treasuries.

Marketmind - Tech and Tnotes: Meta surges and jobs eyed
Economy

Global equity funds draw inflows amid economic optimism and easing inflation

Global equity funds attracted substantial inflows in the week to Jan. 31, driven by upbeat U.S. economic growth data, and inflation readings showing a continued moderation in price

Global equity funds draw inflows amid economic optimism and easing inflation
Economy

Take Five: Enter the Dragon

The Chinese Year of the Dragon is around the corner, but the world's second largest economy is anything but roaring right now, while tough talk from central bankers has made investors less

Take Five: Enter the Dragon
Economy

IMF's Georgieva backs Fed's stance, sees risks in waiting too long to ease rates

International Monetary Fund Managing Director Kristalina Georgieva on Thursday said she anticipates that the Federal Reserve would begin to cut U.S. interest rates in "a matter

IMF's Georgieva backs Fed's stance, sees risks in waiting too long to ease rates
Economy

Regional banks hit after New York Community Bancorp cuts dividend after loss

New York Community Bancorp shares fell as much as 46% to their lowest in over two decades on Wednesday after the lender slashed its dividend and posted a surprise loss for the fourth

Regional banks hit after New York Community Bancorp cuts dividend after loss
Economy

US SEC delays vote on Treasury market dealer rule to Feb 6

The U.S.

US SEC delays vote on Treasury market dealer rule to Feb 6
Economy

US Treasury to borrow $760 billion in Q1, lower than October forecast

The U.S.

US Treasury to borrow $760 billion in Q1, lower than October forecast
Economy

Taiwan Q4 economic growth seen picking up on domestic demand, export rebound: Reuters poll

Taiwan's trade-dependent economy likely grew faster in the fourth quarter than the third thanks to strong domestic consumption and a rebound in exports, a Reuters poll showed on

Taiwan Q4 economic growth seen picking up on domestic demand, export rebound: Reuters poll
Economy

Bayer ordered to pay $2.25 billion in latest Roundup trial

Bayer was ordered on Friday to pay $2.25 billion to a Pennsylvania man who said he developed cancer from exposure to the company's Roundup weedkiller, the man's attorneys said.

Bayer ordered to pay $2.25 billion in latest Roundup trial

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