By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the U.S. central bank will have to do more on the policy front to get still h[...]
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April 20, 2023
Yellen says US seeks ‘healthy competition’ with China, eyes Beijing trip
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. seeks “constructive and fair” economic ties with China, but will protect its national security interests and push back agai[...]
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BOJ open to tweaking YCC this year if wage momentum holds – sources
By Leika Kihara TOKYO (Reuters) -The Bank of Japan is warming to the idea of tweaking its controversial bond yield control policy later this year, but will likely keep settings unchanged at next week[...]
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Wall St slides after gloomy earnings led by Tesla
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&[...]
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Walmart shareholder meeting to hold votes on workplace safety, China risk
By Siddharth Cavale NEW YORK (Reuters) – Walmart Inc shareholders will be asked to vote on a number of new proposals including revealing its exposure to China and conducting an independent revie[...]
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Chipmaking tool firms expect boom in China sales despite export rules
By Stephen Nellis (Reuters) – Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on equipment use[...]
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Fed emergency lending rises slightly in latest week
NEW YORK (Reuters) – Federal Reserve emergency lending to banks in the wake of last month’s financial sector troubles remains high and increased modestly in the latest week, according to d[...]
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Clorox to cut 4% of non-production workforce
(Reuters) – Clorox Co on Thursday said it would cut about 200 positions, or 4% of its non-production workforce, as it looks to keep a lid on costs amid worries of an economic slowdown. The Pine-[...]
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Analysis-Elon Musk pins hopes on full self-driving as Tesla’s next profit driver
By Hyunjoo Jin and Akash Sriram (Reuters) – Elon Musk is counting on full-self driving and other new technologies and vehicles at Tesla Inc to provide the “wow factor” that will cont[...]
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