By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Thursday said that recent cooler inflation readings are a “relief” and she expects further easing in both[...]
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July 11, 2024
Instant view- Tame US June CPI smoothes path for Fed ease
(Reuters) – U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track and drawing the Fed[...]
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Monthly US consumer prices post first drop in four years as inflation subsides
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents, firmly putting disinflation back on track[...]
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Ozy Media’s Carlos Watson was betrayed by lying co-founder, lawyer says as New York fraud trial closes
By Jack Queen (Reuters) – Ozy Media co-founder Carlos Watson was betrayed by a top deputy who lied to investors and forged documents to hide the startup’s dire finances, a defense lawyer said on[...]
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IMF sees US Fed in position to cut interest rates later this year
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Friday it continues to believe that the Federal Reserve could start cutting interest rates later this year and shou[...]
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GM to invest $900 million to retool Michigan auto plant to build EVs
By David Shepardson (Reuters) – General Motors plans to invest at least $900 million to retool a Lansing, Michigan auto plant to build electric vehicles, Energy Secretary Jennifer Granholm said[...]
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PepsiCo feels squeeze as financial pressure spreads from low-income consumers
By Jessica DiNapoli and Ananya Mariam Rajesh NEW YORK (Reuters) – PepsiCo CEO Ramon Laguarta said Thursday there is “much more price sensitivity” across U.S. income groups and not ju[...]
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PepsiCo quarterly revenue disappoints on slowing sales of snacks, beverages
By Ananya Mariam Rajesh and Jessica DiNapoli (Reuters) -PepsiCo missed expectations for second-quarter revenue on Thursday as a series of price hikes and competition from private-label brands slowed s[...]
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Beastie Boys sue Chili’s owner over ‘Sabotage’ ads
By Blake Brittain (Reuters) – The Beastie Boys have sued restaurant owner Brinker International in New York federal court, saying Brinker used the legendary rap trio’s 1994 song “Sab[...]
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