By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. airlines on the back of strong financial results remain upbeat about travel demand, even as economists and analysts say the risk of an economic rec[...]
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January 18, 2023
U.S. retail sales post biggest drop in a year; inflation retreating
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting cons[...]
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Big Tech braces for dismal profits, more job cuts
By Nivedita Balu and Yuvraj Malik (Reuters) – Keen to buttress margins and appease investor concerns at a time of slowing sales growth, big U.S. technology firms are expected to whittle away at[...]
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U.S. firms pessimistic about economic growth this year, Fed survey shows
(Reuters) – There were some encouraging signs U.S. inflation pressures and labor shortages were easing, a Federal Reserve report showed on Wednesday, but economic activity was tepid as the centr[...]
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Canada December producer prices down 1.1% on petroleum, softwood
Jan 18 (Reuters) – Producer prices in Canada fell by 1.1% in December from November on lower prices for refined petroleum energy products, as well as softwood lumber, Statistics Canada said on W[...]
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Citigroup hikes pay for junior bankers despite tough year – Bloomberg News
(Reuters) – Citigroup Inc is boosting compensation for most of its junior bankers by as much as 15%, Bloomberg News reported on Wednesday, highlighting the talent war on Wall Street even amid do[...]
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In 2022 inflation data trumped Fed comments for moving markets, report says
By Michael S. Derby NEW YORK (Reuters) – Last year, the inflation data that forced the Federal Reserve to embark on a historically aggressive path of rate rises was a bigger mover of markets tha[...]
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Fashion retailer Shein in talks to raise funds at lower valuation of $64 billion – FT
(Reuters) -Chinese fashion retailer Shein is in talks to raise up to $3 billion at a reduced valuation of $64 billion, the Financial Times reported on Wednesday, citing people with knowledge of the ne[...]
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Changing nature of inflation prompts new inequalities, New York Fed says
(Reuters) – Asian American/Pacific Islander (AAPI) households and those with lower incomes have experienced higher inflation over the past few months as a rise in the costs of food and shelter a[...]
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