By Michael S. Derby NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Wednesday that an easing of inflation pressures has given the U.S. central bank time to decide[...]
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November 29, 2023
Fed’s Bostic sees slower growth, falling inflation pressures
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Wednesday he expects U.S. growth to slow and inflation to continue to ease on the back o[...]
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Federer-backed On, Decker’s Hoka starting to take more retail shelf space from Nike, Adidas
By Ananya Mariam Rajesh (Reuters) – Upstart footwear brands such as On Holding and Hoka are grabbing more shelf space at retailers globally, competing with giants like Nike and Adidas as their c[...]
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Retail traders reignite rally in GameStop shares
By Medha Singh and Saqib Iqbal Ahmed (Reuters) -Retail traders powered a nearly 20% jump in GameStop shares to a two-month high in regular trading on Wednesday, extending a rally ahead of the company[...]
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EU Commission lawyers initially opposed warning Amazon on iRobot deal – sources
By Foo Yun Chee BRUSSELS (Reuters) – European Commission lawyers initially opposed sending a warning to Amazon over its $1.4 billion acquisition of robot vacuum maker iRobot, three people with d[...]
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German inflation eases to 2.3% in November
By Maria Martinez BERLIN (Reuters) – German inflation eased more than expected in November, falling to its lowest level since June 2021 due to a decline in energy prices, data from the federal s[...]
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Uber tries to win over London black cabs
LONDON (Reuters) -Uber will open up its platform to London’s black cabs next year, the ride-hailing firm said on Wednesday, trying to win over the British capital’s taxis after a decade of[...]
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US economy grows 5.2% in third quarter; higher interest rates sapping momentum
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in the third quarter as businesses built more warehouses and accumulated machinery equipment, but mom[...]
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Birkenstock shares extend rally, hit IPO price for first time
By Chibuike Oguh NEW YORK (Reuters) – Shares of German sandal maker Birkenstock extended their gains on Wednesday, hitting the initial public offering price for the first time, following a buoya[...]
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