US Consumer Long-Term Inflation Expectations Hit 12-Year High
US long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting
2023-05-12 22:24
BOE Chief Economist Says UK Inflation at ‘Turning Point’
Bank of England Chief Economist Huw Pill gave the clearest indication yet that officials think they might be
2023-05-12 22:19
US Treasury takes middle road on solar panels 'Made in the USA'
By Nichola Groom and David Lawder The U.S. Treasury Department on Friday clarified that developers of solar energy
2023-05-12 21:28
Why Mother's Day is the most hated day in the restaurant industry
From big groups that show up in waves ("most of us are here!"), to food-fussy kids and grandmas to splitting the check dramas, restaurants hate this holiday. This year is expected to be particularly challenging as high inflation and rising menu prices give some restaurant-goers an extra sense of entitlement.
2023-05-12 20:49
India’s Retail Inflation Eases More Than Estimated in April
Consumer prices in India continued to slide in April, giving the central bank room to keep rates on
2023-05-12 20:22
The real reasons stores are closing in big cities
Nordstrom, Whole Foods and other big chains have closed stores in major US cities recently, raising alarm about the future of retail in some the country's most prominent downtowns.
2023-05-12 19:49
Why current US recession warnings are unlike all the others
Economic experts are once again ringing the alarm bells over an imminent downturn. A US recession is coming, they say, in the second half of 2023. That time frame begins less than three weeks from now.
2023-05-12 19:45
SocGen beats estimates as bond trading offsets retail banking slump
By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) -French bank Societe Generale posted better than expected quarterly earnings on Friday
2023-05-12 18:49
Air Canada adjusted loss narrows on solid travel demand
Air Canada reported a smaller adjusted quarterly loss on Friday, as Canada's largest airline benefited from resilient travel
2023-05-12 18:27
China regulator says Tesla to update software of more than 1 million cars
SHANGHAI/BEIJING (Reuters) -Tesla Inc has notified China's market regulator it will deploy software updates to more than 1 million vehicles
2023-05-12 17:20
UBS CEO: Credit Suisse no longer seeing outflows
LUCERNE, Switzerland (Reuters) -UBS Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and
2023-05-12 16:56
Toshiba says working with JIP to 'quickly complete' $15 billion buyout
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp said on Friday it was working with Japan Industrial Partners (JIP) to quickly
2023-05-12 16:15