US consumer spending in July surges; weekly jobless claims fall
WASHINGTON U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep
2023-08-31 20:59
Fed expected to hold interest rates steady next month
Traders kept bets the Federal Reserve will leave its benchmark interest rate in its current range of 5.25%-5.5%
2023-08-31 20:46
Sage Therapeutics to cut 40% of jobs after depression drug setback
Sage Therapeutics said on Thursday it would cut its workforce by about 40%, weeks after the U.S. health
2023-08-31 18:58
Dow futures rise on Salesforce boost; inflation data in focus
Futures tracking the Dow Jones rose on Thursday as shares of Salesforce jumped after the company raised its
2023-08-31 18:51
Salesforce rallies as profitability push pays off
Salesforce rallied 5% on Thursday after its strong earnings report showed that cost cuts were working and demand
2023-08-31 18:49
Robot invasion slows in the face of weaker US economy, high interest rates
By Timothy Aeppel Even a robot invasion can't beat a slowing economy. Companies in North America sharply cut
2023-08-31 18:21
Hong Kong July retail sales up 16.5%, boosted by tourism revival
HONG KONG Hong Kong's July retail sales rose 16.5% from a year earlier in the eighth consecutive month
2023-08-31 17:58
South Africa producer inflation slows to 2.7% y/y in July
JOHANNESBURG South Africa's producer inflation slowed to 2.7% year on year in July from 4.8% in June, statistics
2023-08-31 17:58
UBS targets cost cuts of $10 billion as it absorbs Credit Suisse
UBS said Thursday that it expected to generate $10 billion in savings from a sweeping overhaul of the new global banking giant created by its emergency rescue of stricken rival Credit Suisse earlier this year.
2023-08-31 14:25
China Central Bank Meets With Private Firms, Pledges Funding
The People’s Bank of China met with lenders and private businesses on Wednesday, pledging to improve their access
2023-08-31 11:59
Oil Holds Gain After US Crude Inventories Post Large Decline
Oil held gains after a five-day advance driven by a slump in US inventories and speculation that OPEC+
2023-08-31 11:46
New York says Trump should be found liable for fraud, even before a trial
By Jonathan Stempel NEW YORK (Reuters) -New York's attorney general on Wednesday asked a state judge to declare, even before
2023-08-31 07:27