WASHINGTON (Reuters) – Federal Reserve Bank of Boston leader Susan Collins said on Thursday that she does not see the market’s current case for central bank rate cuts this year. Boosting r[...]
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March 30, 2023
Fed’s Kashkari: Banking stress could last longer than many expect
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday he is prepared that the banking sector stress touched off by the failures of Silicon Valley Bank and Signatu[...]
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US consumer watchdog issues final rule on ‘small business loan census’
(Reuters) – The top U.S. government agency for consumer financial protection on Thursday unveiled a long-awaited final rule for data collection on loans to small business, saying it would help c[...]
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US semiconductor index hits highest in nearly a year on hopes for industry turn
By Chuck Mikolajczak NEW YORK (Reuters) – The Philadelphia semiconductor index hit its highest level in nearly a year on Thursday, as optimism grows that a sales downturn in the industry has rea[...]
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Fed’s Barkin: Bank deposit flows “stable,” inflation still “hot”
By Howard Schneider RICHMOND, Virginia (Reuters) – Deposit flows in U.S. banks appear “relatively stable,” while inflation remains too high and may well take longer than expected to[...]
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US labor market remains tight; corporate profits decline
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose moderately last week, showing no signs yet that tightening credit conditions wer[...]
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World Bank board to consider US nominee Banga as sole candidate for next leader
WASHINGTON (Reuters) – The World Bank Group’s executive board said on Thursday that it will consider only one nominee, U.S.-backed former Mastercard Ajay Banga, to be the development lende[...]
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Streaming device maker Roku to cut 200 jobs in second round of layoffs
(Reuters) – Roku Inc will lay off 6% of its workforce, or 200 employees, in its second round of job cuts, the U.S. streaming device maker said, sending its shares up nearly 3% before the bell on[...]
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Mercedes-Benz is “able and willing” to invest capital in mining – CEO
(Reuters) – Mercedes-Benz is willing to allocate capital to support or ramp up a mining business, Chief Executive Ola Kaellenius said on Thursday at the carmaker’s annual environmental, so[...]
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