By Howard Schneider BESSEMER CITY, North Carolina (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy does not need further drastic monetary policy ti[...]
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November 30, 2023
Oil falls over 2% after OPEC+ cuts fall short of expectations
By Laura Sanicola (Reuters) -Oil prices fell by more than 2% on Thursday after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectation[...]
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Contracts to buy existing homes decline to a record-low in October – NAR
By Amina Niasse NEW YORK (Reuters) -Pending home sales fell in October to the lowest since at least 2001, indicating the month’s high mortgage rates and weakened affordability kept potential buy[...]
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Fed officials feel rate hikes likely done, but too soon to know
By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers signaled on Thursday that the U.S. central bank’s interest rate hikes are likely over, but left the door open to furthe[...]
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Uncertain 2024 makes US companies refinance debt sooner, not later
By Matt Tracy (Reuters) – Tight credit spreads and strong investor demand for highly-rated bonds has prompted some U.S. companies to refinance debt maturing in the next few years rather than wai[...]
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Brazil not expected to cap oil output as part of OPEC+, sources say
By Lisandra Paraguassu, Marta Nogueira and Rodrigo Viga Gaier BRASILIA/RIO DE JANEIRO (Reuters) -Brazil hopes to join the OPEC+ group of oil-producing countries in January after a full technical analy[...]
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Celsius Network faces roadblocks in pivot to bitcoin mining
By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Celsius Network may have to seek a new creditor vote on its proposed transformation into a bitcoin mining business, a U.S. bankruptcy judge[...]
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BoC to cut rates starting in Q2 2024, house prices seen flat in 2024: Reuters poll
By Mumal Rathore BENGALURU (Reuters) – The Bank of Canada will start cutting interest rates in the second quarter of next year as inflation and the economy slow, according to economists polled b[...]
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PwC affiliates, Chinese firm to pay $7.9 million for US audit failures
(Reuters) -PricewaterhouseCoopers affiliates in Hong Kong and China and a Chinese audit firm have agreed to pay a total of $7.9 million in fines for failures related to audits of U.S.-listed Chinese c[...]
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