Today: September 28, 2024
Today: September 28, 2024

Latest From Reuters

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
Economy

Take Five: Over to the Fed

The Federal Reserve and the Bank of England, grabbing the baton from the ECB and the Bank of Japan, hold their first meetings of the year while U.S. tech giants and Europe banks report

Take Five: Over to the Fed
Economy

US durable goods unchanged in December

Orders for long-lasting U.S. manufactured goods were unexpectedly unchanged in December amid a slump in transportation equipment, but demand elsewhere held up.

US durable goods unchanged in December
Economy

Futures stall ahead of economic data; Tesla slides on growth warning

Futures tracking the S&P 500 and the Nasdaq were subdued on Thursday, as investors paused after a technology-fueled Wall Street rally to size up a slew of key economic data, while Tesla

Futures stall ahead of economic data; Tesla slides on growth warning
Economy

Marketmind: Tesla pothole as ECB and GDP awaited

A look at the day ahead in U.S. and global markets from Mike Dolan Tesla, the first of the so-called 'Magnificent Seven' U.S. megacap stocks to report fourth-quarter earnings, hit a another pothole

Marketmind: Tesla pothole as ECB and GDP awaited
Economy

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul
Economy

US business activity picks up in January; inflation cooling - S&P Global survey

U.S. business activity picked up in January and inflation appeared to abate, with a measure of prices charged by companies for their products falling to the lowest level in more

US business activity picks up in January; inflation cooling - S&P Global survey
Economy

Marketmind: Shoring up confidence in fragile China

A look at the day ahead in U.S. and global markets from Dhara Ranasinghe China appears to be waking up to the need to restore confidence in the world's number two economy, bringing respite to battered

Marketmind: Shoring up confidence in fragile China

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