By Pete Schroeder and Michelle Price WASHINGTON (Reuters) -Republican Senators questioned the experience of Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation (FDIC) or fix its[...]
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July 11, 2024
Oil rises settles higher; US inflation data feeds rate cut hopes
By Shariq Khan NEW YORK (Reuters) -Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S. interest rate cuts after d[...]
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Delta sees improvement in pricing power after discounting pressure hits Q3 outlook
By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -Delta Air Lines on Thursday said its pricing power will “significantly” improve August onwards as U.S. carriers slow down seat capacity[...]
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New era of private credit growth highlights its opaque nature, Moody’s says
By Matt Tracy (Reuters) -The rapid growth of private credit lending beyond its traditional market highlights its opaque nature and potential concerns among regulators about its future risks to the U.S[...]
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Chevron and Hess say US FTC merger review expected for third quarter
By Sabrina Valle (Reuters) -Oil producers Chevron Corp and Hess Corp expect the U.S. Federal Trade Commission will review their proposed merger in the third quarter, the companies said in a statement[...]
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Fed’s Musalem says cooler CPI data is ‘encouraging’
By Michael S. Derby (Reuters) -Federal Reserve Bank of St. Louis President Alberto Musalem welcomed on Thursday a report showing cooling in consumer level inflation pressures but declined to say when[...]
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U.S. June budget deficit shrinks to $66 billion after calendar shifts
WASHINGTON (Reuters) – The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month’s defic[...]
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Conagra Brands projects lower annual sales, profit on tepid demand recovery
By Anuja Bharat Mistry and Jessica DiNapoli (Reuters) – Conagra Brands forecast annual revenue and profit below analysts’ estimates on Thursday, as cash-strapped consumers turned to cheape[...]
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US House seeks to boost DOJ defense of TikTok crackdown law
By David Shepardson WASHINGTON (Reuters) -A U.S. House committee on Thursday voted to release a transcript of a closed-door hearing in March on threats posed by TikTok to the Justice Department in its[...]
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