Economy

(Reuters) -Major brokerages reiterated their view of a 25-basis-point (bp) interest-rate cut by the U.S. Federal Reserve in December after...

Economy

US retail sales slightly above expectations in October

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WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared...

Economy

U.S. equity funds see robust inflows on corporate earnings optimism

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(Reuters) – U.S. equity funds witnessed a significant boost in investor demand in the week through Nov. 13, fueled by...

Economy

Exclusive-Unilever nearly halves expected European job cuts, switching some staff to ice cream unit-works council

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By Richa Naidu LONDON (Reuters) -Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about...

Economy

ECB divided on risk of excessively weak inflation, accounts show

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FRANKFURT (Reuters) – A European Central Bank rate cut last month was seen as an insurance move against unexpectedly low...

Economy

Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock

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(Reuters) -Tapestry said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri after a legal...

Economy

Sotheby’s settles New York tax fraud case, pays damages

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By Jonathan Stempel NEW YORK (Reuters) -Sotheby’s will pay $6.25 million and adopt reforms to settle New York Attorney General...

Economy

Fed’s Kugler says Fed has made good progress on achieving mandates

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By Michael S. Derby NEW YORK (Reuters) – Federal Reserve governor Adriana Kugler said Thursday the central bank has made...

Economy

Euro zone economy seen hit early next year by Trump tariffs, say economists: Reuters poll

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By Indradip Ghosh BENGALURU (Reuters) – The euro zone economy will be hit with tariffs from the incoming U.S. Trump...

Economy

Long-term impact of Trump policy plans on the dollar uncertainty, BofA says

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November 13, 2024