By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell pushed back on Wednesday on rising hopes that the…
Fed’s Powell: Prospect of U.S. soft landing remains alive
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that his hopes for an economic soft landing, despite very…
Fed’s Powell: No one should assume Fed can protect economy in debt default
(Reuters) – Congress lifting the debt ceiling is the “only way forward” to allow the federal government to meet its…
Fed’s Powell: Possible fed could raise rates beyond December forecast
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central…
Stocks rise, dollar falls after Fed hikes as expected
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose and the U.S. dollar and Treasury yields…
Dutch, Japanese curbs on chip equipment to China may not be tough enough -industry group
By Karen Freifeld (Reuters) – A chip industry group is warning that if U.S. allies do not adopt curbs on…
Fed’s Powell: will need substantially more evidence to be confident inflation on downward path
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday welcomed recent cooling in inflation data but said there…
U.S. job openings increase to five-month high as labor market stays tight
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly rose in December, showing demand for labor remains strong despite…
EV maker Rivian to cut 6% of jobs amid price war -internal memo
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian Automotive is laying off 6% of its workforce in…
As Tesla ignites an EV price war, suppliers brace for Musk seeking givebacks
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and…