Fed done raising interest rates; significant chance of cut in 2020: Reuters poll
BENGALURU (Reuters) – The U.S. Federal Reserve is done raising interest rates until at least the end of next year,…
U.S judge strikes down rule allowing ‘skimpy’ health insurance plans
(Reuters) – A federal judge on Thursday stuck down a Trump administration rule aimed at enabling millions of Americans to…
The Fed is prodding Americans to buy more on credit
WASHINGTON (Reuters) – The Federal Reserve’s decisive statement this week that interest rates are unlikely to rise this year sends…
Beneath Fed’s positive spin, an embrace of a tepid future
SAN FRANCISCO/WASHINGTON (Reuters) – Federal Reserve policymakers see a U.S. economy that is rapidly losing momentum. They predict inflation will…
Top Wall Street banks working on Deutsche-Commerzbank merger: sources
FRANKFURT (Reuters) – Goldman Sachs and Citi are helping Germany’s two biggest lenders work on their potential $28 billion-plus merger,…
Deutsche Bank merger talks with Commerzbank raise job fears, lift shares
BERLIN/FRANKFURT (Reuters) – Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel’s office and top shareholders on…
Exclusive: Sanofi says working on CEO succession plan
PARIS (Reuters) – Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation…
U.S. airlines stand by 737 MAX as some customers, nations reject it
CHICAGO (Reuters) – The three U.S. airlines using Boeing Co’s 737 MAX continued to stand by the aircraft on Tuesday,…
A Fed pivot, born of volatility, missteps, and new economic reality
WASHINGTON (Reuters) – The Federal Reserve’s promise in January to be “patient” about further interest rate hikes, putting a three-year-old…
Southwest shares drop as mechanics dispute escalates
(Reuters) – Southwest Airlines Co’s shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it…
Ford to close oldest Brazil plant, exit South America truck biz
SAO PAULO/DETROIT (Reuters) – Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit…
Exclusive: Fed’s Williams says new economic outlook necessary for rate hikes
NEW YORK (Reuters) – New York Fed President John Williams on Tuesday said he was comfortable with the level U.S.…
Honda to shut UK car plant in 2022 with the loss of 3,500 jobs
LONDON (Reuters) – Japanese car maker Honda is set to announce it’s closing its only British car plant in 2022…
Honda to close UK car plant with the loss of 3,500 jobs
LONDON (Reuters) – Japanese carmaker Honda is set to announce the closure of its only British car plant in 2022…
Auto industry lines up against possible U.S. tariffs
WASHINGTON (Reuters) – The U.S. auto industry urged President Donald Trump’s administration on Monday not to saddle imported cars and…
Wall Street Week Ahead: Profit estimates may be adding in too much cost risk
NEW YORK (Reuters) – As Wall Street braces for the first quarterly decline in earnings in nearly three years, some…
No evidence that Fed’s balance sheet is behind market swings: Mester
FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the…
Exclusive: Tesla’s delivery team gutted in recent job cuts – sources
SAN FRANCISCO (Reuters) – When Tesla Inc announced last month a second round of job cuts to rein in costs,…
High-margin pickup trucks drive GM profit, shares rise
DETROIT (Reuters) – General Motors Co on Wednesday reported a quarterly profit that exceeded Wall Street expectations, thanks to high-margin…
China’s services sector moderates in January but still solid: Caixin PMI
BEIJING (Reuters) – China’s sprawling services sector maintained a solid pace of expansion in January even though growth moderated slightly,…
Amazon sales outlook disappoints after record holiday quarter
(Reuters) – Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty…
Shutdown costs pegged at $3 billion as government reopens
WASHINGTON (Reuters) – The U.S. economy was expected to lose $3 billion from the partial federal government shutdown over President…
Overseas losses drag down Ford fourth-quarter results
DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global…
Asset managers brace for more job cuts amid market turbulence
LONDON/NEW YORK (Reuters) – Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management…
U.S. consumer morale at two-year low; factory output surges
WASHINGTON (Reuters) – U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump’s was elected…
Upbeat employment report underscores U.S. economic strength
WASHINGTON (Reuters) – U.S. employers hired the most workers in 10 months in December while boosting wages, pointing to sustained…
Global stock indices edge lower as U.S. government shutdown looms
NEW YORK (Reuters) – World stock markets continued a week-long sell-off on Friday as the threat of a U.S. government…
Wall St. tumbles, S&P closes at lowest level in 14 months
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2018. REUTERS/Brendan…
Verizon takes billions in charges for Oath, voluntary buyouts
The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan…
Red-hot U.S. jobs market drives some to seek cooler options
POCATELLO, Idaho (Reuters) – When Sean Luangrath joined Pocatello, Idaho-based Inergy Solar a few years ago, the plan was to…
GM CEO to meet with U.S. lawmakers over job cuts
FILE PHOTO: General Motors CEO Mary Barra at a press conference at the North American International Auto Show in Detroit,…
GM to slash jobs and production, drawing Trump’s ire
DETROIT (Reuters) – General Motors Co said on Monday it will cut production of slow-selling models and slash its North…
Fed’s Kaplan sees two-three more rate hikes to hit ‘neutral’ level
NEW YORK (Reuters) – Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing…
McConnell says Senate Republicans might revisit Obamacare repeal
WASHINGTON (Reuters) – Republicans could try again to repeal Obamacare if they win enough seats in U.S. elections next month,…
Ryanair CEO says sees no growth in Germany in 2019
BERLIN (Reuters) – Ryanair (RYA.I) does not expect to grow in Germany next year, after closing its bases in the…
Strong U.S. job growth expected in September; wages seen rising
WASHINGTON (Reuters) – The U.S. economy likely created jobs at a brisk clip in September, with the unemployment rate probably…
France to press General Electric on job pledges: minister
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he would press General Electric’s new chief executive…
Powell: U.S. outlook ‘remarkably positive’ with low unemployment, tame inflation
BOSTON (Reuters) – U.S. Federal Reserve Chairman Jerome Powell on Tuesday hailed a “remarkably positive outlook” for the U.S. economy…
Fed likely to lift rates, possibly end ‘accommodative’ policy era
WASHINGTON (Reuters) – With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on…
Uber’s strongest growth comes in depressed Argentina — minus commissions
BUENOS AIRES/SAO PAULO (Reuters) – Uber’s fastest-growing market in the world is now Argentina, company executives say, attributing the expansion…
U.S. agency accuses Walmart of pregnancy discrimination in lawsuit
(Reuters) – The U.S. Equal Employment Opportunity Commission on Friday filed a lawsuit accusing Walmart Inc of forcing pregnant workers…
Under Armour cuts 400 more jobs in turnaround push
(Reuters) – Under Armour Inc (UA.N) (UAA.N) said on Thursday it was cutting about 400 jobs, or 3 percent of…
May wraps ‘suicide vest’ around UK over Brexit, says Johnson
LONDON (Reuters) – Prime Minister Theresa May’s Brexit deal wraps “a suicide vest around the British constitution” and hands the…
Chequers plan is only deal on the table with EU: Britain’s Javid
LONDON (Reuters) – British interior minister Sajid Javid said on Sunday that the prime minister’s so-called Chequers plan was the…
Novartis sells U.S. generics assets to India’s bargain-hunting Aurobindo
ZURICH/BENGALURU (Reuters) – New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is…
NZ’s Restaurant Brands to exit Starbucks business in New Zealand
(Reuters) – Restaurant Brands New Zealand Ltd (RBD.NZ) said on Monday it would not renew its license deal with Starbucks…
Out of Sorrell’s shadow, Mark Read poised for top job at ad giant WPP
(Note strong language in final paragraph) FILE PHOTO: Mark Read, Co-Chief Operating Officer of advertising agency WPP leaves following their…
U.S. to move ahead with Mexico trade pact, keep talking to Canada
WASHINGTON/TORONTO (Reuters) – Contentious U.S.-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade…
Canada rejoins NAFTA talks as U.S. autos tariff details emerge
WASHINGTON (Reuters) – Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she…
U.S., Mexico reach NAFTA deal, turn up pressure on Canada
WASHINGTON (Reuters) – The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA),…
Trump says Mexico trade deal near; NAFTA hurdles seen easing
WASHINGTON (Reuters) – President Donald Trump said on Saturday that the United States could reach a “big Trade Agreement” with…
Fed’s Powell defends policy of gradual interest rate hikes
JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise…
Siemens denies report it may cut 20,000 jobs
MUNICH/BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000…
Trump asks SEC to consider switch to half-year corporate filings
NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said meetings with corporate executives had prompted him to ask…
Trump asks SEC to mull half-year corporate filings vs. quarterly
NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission…
Walmart stumbles with its ‘last mile’ package delivery plan
EAST BRUNSWICK, N.J. (Reuters) – Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical…