(Reuters) – The Federal Reserve will face some hard choices and delicate communications challenges as it fights still-high inflation even…
Fed’s more gradual rate hike path should limit economic harm, Barkin says
By Lindsay Dunsmuir (Reuters) – The Federal Reserve’s move to smaller interest rate hike increments will help limit damage to…
European shares end at seven-month high, best week since March
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -European shares closed at seven-month highs on Friday, boosted by miners and…
Wood’s Ark Invest nearly liquidates Silvergate Capital position
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood’s Ark Invest sold 403,990 shares of embattled crypto-focused…
Whiplash: energy markets start 2023 with biggest weekly dive in years
By Stephanie Kelly NEW YORK (Reuters) – Energy futures for crude oil, refined products and natural gas have plummeted in…
NY Fed says China’s COVID woes are pressuring supply chains
By Michael S. Derby NEW YORK (Reuters) – Declining world supply chain pressures are being challenged by new disruptions in…
Fed’s Bostic: jobs data another sign economy is gradually slowing
By Lindsay Dunsmuir (Reuters) – The latest U.S. jobs figures are another sign that the economy is gradually slowing and…
Canada posts hefty job gains, raising chances of another rate hike
By Ismail Shakil OTTAWA (Reuters) -The Canadian economy recorded a massive jobs gain in December and the jobless rate unexpectedly…
U.S. factory orders tumble in November on aircraft
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods fell more than expected in November amid a sharp decline in bookings…
Hermes expands in Nanjing as luxury industry bets on Chinese return
By Mimosa Spencer PARIS (Reuters) – Birkin bag maker Hermes is opening a new, enlarged store in China’s Nanjing city,…