By Katie Paul NEW YORK (Reuters) -Meta said on Friday its flagship app Facebook is attracting its highest number of young adults in three years, as it tries to shake the platform’s reputation as[...]
Read moreMay 31, 2024
Struggling Dow transport stocks could be economic warning signal
By Lewis Krauskopf NEW YORK (Reuters) – It’s been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot. The Dow Jon[...]
Read moreFed seen more likely to cut rates in Sept after PCE data
(Reuters) – The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S. Commerce Department report showed inflation made a bit of progress toward the Fed[...]
Read morePrice cuts, weaker spending could bolster Fed’s faith in inflation outlook
By Howard Schneider WASHINGTON (Reuters) -Price cuts by major U.S. retailers and new data showing a slowdown in consumer spending may boost the Federal Reserve’s confidence in falling inflation[...]
Read moreFitch lowers Boeing 2024 aircraft delivery, cash flow forecasts
(Reuters) -Fitch Ratings lowered its 2024 forecasts for Boeing’s aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its stro[...]
Read moreStriking Canadian Safran workers make new offer to avert lengthy walkout, union says
MONTREAL (Reuters) – Striking Montreal-area Safran workers who make components for landing gear used in Airbus and Boeing jets have made a counter offer that could avert a longer dispute, a unio[...]
Read moreRestrictions on UniCredit eased in Russian lawsuit
MOSCOW (Reuters) – A Russian court has eased restrictions imposed on UniCredit in a lawsuit over an aborted gas project, on Friday permitting the Italian lender to offer Russian sovereign bond h[...]
Read moreAmid bankruptcy process, Brazil airline Gol swaps finance chief
SAO PAULO (Reuters) – Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new chief financial officer, while also posting preliminary results for April includ[...]
Read moreDow has best daily gain for year; indexes up sharply for May
By Abigail Summerville NEW YORK (Reuters) -The Dow and S&P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove[...]
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