By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials for months have been counting on slower-rising U.S. housing prices to help in their efforts to control inflation, and there a[...]
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June 13, 2023
European shares rise as U.S. inflation data soothes rate hike jitters
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares rose on Tuesday, after mild U.S. inflation data cemented bets the Federal Reserve could skip raising interest rates at its meeti[...]
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Manchester United shares hit two-month high on speculations over takeover bid
(Reuters) -Shares of Manchester United jumped 13% to hit a two-month high on Tuesday after a report hinted that Qatar’s Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover b[...]
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U.S. Bancorp CEO says economy heading for “moderate” recession
(Reuters) – U.S. Bancorp’s Andy Cecere forecast a “moderate” recession that would be short and “not very deep in terms of severity,” CEO of the lender said at a con[...]
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Walmart to invest $257 million in beef-packing plant in Kansas
(Reuters) – Walmart said on Tuesday it would invest $257 million to open a beef-packing plant in Olathe, Kansas in 2025, which would create more than 600 jobs. The facility will package and dist[...]
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Boeing delivers 50 jets in May as 737 MAX rebounds from defect
By Valerie Insinna (Reuters) – Boeing delivered 50 jets in May, 13 fewer than European rival Airbus, but a 43% improvement on the same month last year. Deliveries of the cash-generating Boeing 7[...]
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Analysis-Tesla taps brakes on job ads after Musk clamps down on hiring
By Noel Randewich and Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla has tapped the brakes on aggressive job advertising in recent weeks since CEO Elon Musk directed executives to obtain his sign o[...]
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Appetite grows for mergers and acquisitions in Latin America: study
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) – Latin America is increasingly seen as an attractive market for mergers and acquisitions (M&A), with the ongoing U.S.-China trade spat helping[...]
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Fed still waiting on a core services price crash
By Howard Schneider WASHINGTON (Reuters) -Hotel executives see no letup in demand even with the Federal Reserve trying to stomp on spending. Air travel is hovering near or above 2019 levels, restauran[...]
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