(This Dec. 21 story has been corrected to show that the proposed bill would subject the Fed general counsel to…
Despite progress, Fed remains focused on inflation fight as 2023 rolls in
By Lindsay Dunsmuir (Reuters) -After a year in which a U.S. inflation surge forced the Federal Reserve to supersize its…
U.S. new home sales increase again in November
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose for a second straight month in November likely as Americans…
U.S. core capital goods orders rise modestly in November
WASHINGTON (Reuters) – New orders for U.S.-made capital goods rose moderately in November while shipments fell, pointing to a slowdown…
Morning Bid: Wall Street on Santa’s naughty list
A look at the day ahead in U.S. and global markets from Amanda Cooper. This year, it looks like Santa…
Apple’s Australian workers go on Christmas strike demanding better wages, work terms
(Reuters) – Apple Inc’s workers in Australia initiated a strike Friday afternoon, demanding better working conditions and wages, a workers’…
Wall Street tumbles on rate, recession worries, bleak chipmaker outlook
By Sinéad Carew and Ankika Biswas (Reuters) – Wall Street’s major averages closed lower on Thursday with technology-heavy Nasdaq’s 2%…
Amazon may be responsible for allowing Louboutin knock-off ads, EU court says
By Kate Abnett BRUSSELS (Reuters) -Online retailer Amazon.com may be deemed responsible for advertising of counterfeit Christian Louboutin shoes which…
The whack-a-mole economy: U.S. manufacturers struggle with unpredictable supplies
By Timothy Aeppel (Reuters) – Glen Calder expected a shipment of gearbox reducers needed to build a particular model of…
Exclusive-TikTok steps up efforts to clinch U.S. security deal
By Echo Wang and David Shepardson NEW YORK/WASHINGTON (Reuters) – Popular short-video app TikTok is offering to operate more of…