Big US banks say consumers are still strong, despite economy fears
NEW YORK (Reuters) – U.S. consumers remain resilient with solid spending in the third quarter, two of the country’s biggest lenders said on Friday, although
Traders keep bets on 25 bps Fed rate cuts in Nov, Dec
(Reuters) – The case for quarter-point U.S. interest-rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices
Top BRICS economic officials stay away from Moscow meeting
By Gleb Bryanski MOSCOW (Reuters) – Most finance ministers and central bank chiefs from the BRICS group of countries did not attend a high-level meeting
Florida begins long recovery from back-to-back hurricanes
By Brad Brooks and Leonora LaPeter Anton FORT PIERCE, Florida (Reuters) -Millions of Floridians on Friday began a long and difficult recovery after the state’s
S&P 500 earnings to put investor focus on tech, AI
By Caroline Valetkevitch NEW YORK (Reuters) – Investors will be looking for evidence that investment in artificial intelligence among S&P 500 companies is beginning to
Domino’s Pizza misses sales growth estimates as consumers go deal-hunting
By Juveria Tabassum (Reuters) -Domino’s Pizza fell short of Wall Street estimates for third-quarter U.S. comparable sales growth on Thursday as restaurant operators intensified their
Wall Street dips slightly after higher than expected inflation, unemployment
By Sinéad Carew and Lisa Pauline Mattackal (Reuters) – Wall Street’s main indexes were slightly lower on Thursday as investors looked to higher-than-expected inflation and
Fed officials signal more rate cuts, Bostic open to a skip
By Ann Saphir and Michael S. Derby (Reuters) -Slowly cooling inflation and a U.S. job market that remains strong but at risk of deteriorating give
Tesla’s China-made EV sales grow 19.2% y/y in Sept
BEIJING (Reuters) – Sales of U.S. automaker Tesla’s China-made electric vehicles rose 19.2% in September from a year earlier, data from the China Passenger Car
Amazon targets faster deliveries and buying with new tech
By Greg Bensinger NASHVILLE, Tennessee (Reuters) -Amazon , in its quest for greater efficiency, has developed new systems to shave seconds off each package delivery