By Medha Singh and Chibuike Oguh NEW YORK (Reuters) – Shares of Paramount Global rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone’s National Amu[...]
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May 26, 2023
IMF says U.S. should tighten fiscal policy to help cut persistent inflation
By David Lawder DETROIT (Reuters) -The International Monetary Fund said on Friday U.S. interest rates will likely need to remain higher for longer to tame inflation, and Washington needs to tighten fi[...]
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Instant view: Stubborn US April PCE inflation revives focus on June Fed hike
NEW YORK (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked up, which could see[...]
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Strong US consumer spending, inflation readings put Fed in tough spot
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked[...]
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Microsoft sets out grounds for Activision appeal against UK regulator
By Sam Tobin LONDON (Reuters) -Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard on the grounds of “fund[...]
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Mexico president eyes ‘half’ of Citi unit amid IPO plan
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans[...]
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How Americans plan to travel this Memorial Day
(Corrects to add dropped word in last bullet) (Reuters) – The upcoming Memorial Day weekend is expected to see millions of Americans travel despite tight budgets, kicking off the busy summer tra[...]
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Debt ceiling deal may shift investor focus to further Fed action
By David Randall NEW YORK (Reuters) – A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely shift Wall Street’s attention to other emerging risks, including further[...]
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Ex-CBS shareholders reach proposed $167.5 million settlement over Viacom deal
WILMINGTON, Delaware (Reuters) – Former CBS shareholders reached a proposed $167.5 million settlement to resolve allegations that Shari Redstone, the daughter of late media magnate Sumner Redsto[...]
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