By Caroline Valetkevitch NEW YORK (Reuters) – A tentative bounce in U.S. stocks is about to face a key test, as companies get set to report fourth-quarter results amid worries over a potential recession in 2023. Analysts expect earnings for S&P 500 companies to have declined 2.2% for the quarter compared with a year ago, …
By Davide Barbuscia, Carolina Mandl and Shankar Ramakrishnan NEW YORK (Reuters) – Investors are increasing their exposure to U.S. corporate bonds as they take advantage of a surge in supply, but some say conflicting opinions about the economy are creating both long and short trading opportunities. The belief that the Federal Reserve may be nearing …
Analysis-U.S. credit lures investors but recession risk could mean wild 2023 Read More »
NEW YORK (Reuters) – JPMorgan Chase & Co on Thursday named Anu Aiyengar as the sole head of its global mergers and acquisitions (M&A) franchise after co-head Dirk Albersmeier stepped down, making her the only female executive leading global M&A on Wall Street. The moves were announced in an internal memo sent out by JPMorgan’s …
JPMorgan names Anu Aiyengar sole M&A head after Albersmeier steps down Read More »
MEXICO CITY (Reuters) – Mexico, the United States and Canada plan to produce in North America 25% of what they currently import from Asia under a new drive to promote the integration of the region’s economy, Mexican Foreign Minister Marcelo Ebrard said on Thursday. Ebrard was speaking about the outcome of meetings this week in …
North America aims to make 25% of what it imports from Asia, Mexico says Read More »
(Reuters) – The S&P 500 and the Dow Jones opened higher on Thursday after further evidence of cooling inflation boosted bets that the Federal Reserve will slow the pace of its future interest rate hikes. The Dow Jones Industrial Average rose 74.85 points, or 0.22%, at the open to 34,047.86, and the S&P 500 opened …
S&P 500, Dow Jones open higher after December inflation data Read More »
NEW YORK (Reuters) – U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said …
Instant View: U.S. consumer prices fall in December Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that while the central bank needs to raise rates more to cool off inflation, it can probably do so at much slower pace compared to the action of last year. “I expect that we will raise rates …
Fed’s Harker ready to downshift to 25 basis-point interest rate hikes Read More »
WASHINGTON (Reuters) – U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said on …
U.S. consumer prices fall in December; weekly jobless claims edge down Read More »
By David Shepardson WASHINGTON (Reuters) -The breakdown of a key computer system, which resulted in the suspension of U.S. flight departures on Wednesday, is not the first such issue to hinder Federal Aviation Administration (FAA) operations, and happened amid efforts to upgrade technology. The 90-minute halt, which was caused by a problem with an alerting …
FAA has struggled to modernize computer, air traffic operations Read More »
By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO (Reuters) -U.S. airlines said they expect operations to return to normal on Thursday, as the Federal Aviation Administration (FAA) scrambles to pinpoint the cause of a computer outage that grounded flights nationally and to prevent it from happening again. However, 577 U.S. flights were delayed and 76 …
Airlines expect U.S. operations to rebound on Thursday as FAA investigates outage Read More »
