By Lewis Krauskopf NEW YORK (Reuters) – An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal Reserve’s plans for rate cuts. The S&P 500 on Friday was on pace for its third-straight weekly gain, …
Inflation report poses test for stocks rally as Fed meeting looms Read More »
By Nidal al-Mughrabi CAIRO (Reuters) -Israeli forces stormed into Kamal Adwan Hospital in Beit Lahiya in north Gaza on Friday and expelled some staff and displaced people before withdrawing, and bodies of people killed by airstrikes littered the streets outside, its director said. The attack had begun with a series of airstrikes on the western …
By Benoit Van Overstraeten PARIS (Reuters) -French President Emmanuel Macron began his latest search for a prime minister on Friday as the centre-left Socialists signalled they were open to joining a broad government coalition, sparking tensions inside an increasingly fragile leftwing bloc. Macron this week rejected demands to resign to resolve France’s political crisis, saying …
Macron, refusing to resign, struggles on in search for stable French government Read More »
WASHINGTON (Reuters) – A U.S. federal appeals court ruled in favor of upholding a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban. President-elect Donald Trump has said he will not allow TikTok, which is used by 170 million Americans, …
Factbox-Why does the US want to ban TikTok? The allegations against it Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2% pointed to an easing labor market that should allow the Federal Reserve to cut interest rates again this month. The labor market’s resilience is driving the economy …
US job market bounces back from impact of strikes, hurricanes Read More »
By Anjana Anil (Reuters) – Gold prices inched up on Friday after the November U.S. job growth report suggested the labor market continues to ease gradually, leaving room for the Federal Reserve to cut interest rates again. Spot gold gained 0.2% to $2,636.31 per ounce by 01:41 p.m. ET (1841 GMT). U.S. gold futures settled …
Gold edges higher after US jobs report supports rate cut bets Read More »
By Timour Azhari BEIRUT (Reuters) -Iraqi Shi’ite Muslim ruling parties and armed groups are weighing the pros and cons of armed intervention in Syria, viewing as a grave threat the advance of Sunni Islamist rebels who have taken two Syrian cities and now bear down on a third. Baghdad has a dark history with Syria-based …
Iraq considers Syria intervention as rebels advance Read More »
By Howard Schneider CHICAGO (Reuters) – Chicago Federal Reserve president Austan Goolsbee said that economic conditions will determine how fast the Federal Reserve cuts rates from here, but added he hopes the Fed will be homing in on a stopping point by the end of next year. “I’m hopeful that conditions continue to evolve such …
Fed’s Goolsbee hopes neutral can be in sight by late next year Read More »
(Reuters) -Regional lender Comerica Bank faces allegations it systematically mistreated millions of mostly disabled and older customers and could pay penalties under new civil enforcement action, the U.S. watchdog agency for consumer finance announced on Friday. The Consumer Financial Protection Bureau said it was suing Comerica for failing 3.4 million “Direct Express” card holders — …
CFPB sues Comerica Bank over allegations of failing disabled and older Americans Read More »
By Alexander Cornwell, Francois Murphy and John Irish MANAMA/VIENNA (Reuters) – Iran is “dramatically” accelerating its enrichment of uranium to up to 60% purity, close to the roughly 90% level that is weapons grade, U.N. nuclear watchdog chief Rafael Grossi told Reuters on Friday. The International Atomic Energy Agency later confirmed in a confidential report …
