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Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
15+ hour, 20+ min ago (374+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
S&P Dow Jones Indices loosens Canadian index inclusion criteria
16+ hour, 20+ min ago (242+ words) TORONTO, Sept 13 (Reuters) – S&P Dow Jones Indices (S&P DJI) said on Friday it will change the eligibility criteria for S&P/TSX Canadian Indices, with the move potentially opening the door to the inclusion of major copper producer…...
US average diesel price passes $6 a gallon for the first time, GasBuddy says
3+ day, 6+ hour ago (670+ words) By Nicole Jao, Jarrett Renshaw and Liz Hampton NEW YORK, Sept 10 (Reuters) – The U.S. national average price of diesel on Thursday surpassed $6 a gallon for the first time ever, according to price tracker GasBuddy, as the U.S.-Israeli war on…...
Trump’s $5,000 dividend plan draws some Republican skepticism | WKZO | Everything Kalamazoo | 590 AM · 106.9 FM
3+ day, 13+ hour ago (609+ words) WASHINGTON, Sept 10 (Reuters) – President Donald Trump’s promise to send U.S. adults $5,000 “dividend” checks if his party keeps control of Congress in November’s midterm elections drew a cool reception from some Republicans on Thursday, with several lawmakers saying it would…...
Bond yields hit multi-year highs as traders brace for new ECB rate-hike cycle
3+ day, 16+ hour ago (649+ words) LONDON, Sept 10 (Reuters) – Traders in the euro area were bracing for interest rate hikes well into next year on Thursday as the European Central Bank hiked borrowing costs and increased its inflation forecast, just as oil prices jumped again due…...
US wholesale inventories surge in July
3+ day, 16+ hour ago (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...
Gaza’s hospitals and homes struggle to keep generators running as oil shortages bite
3+ day, 20+ hour ago (741+ words) CAIRO/GAZA, Sept 10 (Reuters) – As power cuts cascade through one of Gaza’s largest functioning hospitals and patients wait for treatment in sweltering wards, medics warn that shortages of engine oil and spare parts are causing generators to seize up, putting…...
ECB hikes rates as Iran war adds to inflation angst
3+ day, 19+ hour ago (668+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
ECB raises interest rates to fight off inflation jump
3+ day, 20+ hour ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
AI boom poses new financial stability risks, BIS head says
4+ day, 2+ hour ago (463+ words) LONDON, Sept 10 (Reuters) – AI’s rapid rise is creating new financial stability risks, Bank for International Settlements head Pablo Hernandez de Cos said, with spending on related infrastructure already at a scale significant enough to influence global economic conditions. For central…...