By Stephen Culp NEW YORK (Reuters) -The S&P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investo[...]
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June 12, 2024
Bank of Canada head says can still diverge from Fed on rates
MONTREAL (Reuters) – There is a limit to how far the Bank of Canada can diverge from the U.S. Federal Reserve when it comes to cutting rates but the Canadian bank is nowhere near that limit, Gov[...]
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Dollar pares losses as Fed officials project only one rate cut this year
By Karen Brettell NEW YORK (Reuters) -The dollar dropped on Wednesday after data showed that consumer prices in May rose less than economists expected, but pared losses after updated interest rate pro[...]
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Benign US inflation could support stock market laggards
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) – Signs of falling U.S. inflation on Wednesday and growing hopes for interest rate cuts from the Federal Reserve could be a positive s[...]
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Mrs. Paul’s, Van de Kamp’s fish sticks aren’t ‘100% fish’, lawsuit claims
By Jonathan Stempel (Reuters) – A new lawsuit accuses Conagra Brands of deceiving consumers by “short weighting” its Mrs. Paul’s and Van de Kamp’s frozen fish products an[...]
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CalPERS becomes latest Tesla shareholder to vote against Musk’s pay package
(Reuters) – The California Public Employees’ Retirement System (CalPERS) is set to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the largest U.S. pension fund[...]
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FOMC leaves rates alone but scales back 2024 easing outlook
(Reuters) -The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-[...]
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US consumer prices unchanged in May; bolster rate cut expectations
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation remains[...]
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Oil settles up on Mideast tension, gains curbed as interest rate cuts pushed back
By Georgina McCartney HOUSTON (Reuters) -Oil settled higher on Wednesday as ongoing tensions in the Middle East lent support to prices, but news that interest rate cuts could start as late as December[...]
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