(This Dec. 1 story has been corrected to fix Nicole Argentieri’s title in paragraph 2) WASHINGTON (Reuters) – The U.S.…
Exclusive-Credit Suisse looks to speed up cuts as revenue outlook worsens
By Oliver Hirt, Selena Li, Sumeet Chatterjee and Noele Illien ZURICH (Reuters) -Credit Suisse is accelerating cost cuts announced just…
ECB’s Lagarde warns some fiscal policies in Europe could fuel excess demand
BANGKOK (Reuters) – European Central Bank President Christine Lagarde warned on Friday that some European governments’ fiscal policies could lead…
Wall Street ends mixed; Salesforce selloff pressures Dow
By Ankika Biswas and Noel Randewich (Reuters) – Wall Street ended mixed on Thursday as a selloff in Salesforce weighed…
U.S. consumer spending powers ahead in October; inflation cooling
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in October, while inflation moderated, giving the economy a…
U.S. banks profits rise in 3rd quarter, despite warning signs -FDIC
By Carolina Mandl NEW YORK (Reuters) – U.S. banks reported a 3.2% rise in third-quarter net income from a year…
Fed’s Bowman: interest rates need to be sufficiently restrictive “for some time”
(Reuters) -The Federal Reserve should slow the pace of its rate increases in order to assess the impact of its…
Biden cites progress in tackling U.S. inflation
(Reuters) – The United States is seeing initial signs of progress in tackling inflation, President Joe Biden said after U.S.…
U.S. construction spending falls in October on single family housing
WASHINGTON(Reuters) – U.S. construction spending fell in October, pulled down by continued weakness in single-family homebuilding amid higher mortgage rates.…
U.S. manufacturing sector contracts in November – ISM
WASHINGTON (Reuters) – U.S. manufacturing activity contracted for the first time in 2-1/2 years in November as higher borrowing costs…