By Jonathan Stempel NEW YORK (Reuters) -A New York judge on Friday said former U.S. President Donald Trump must face a lawsuit by the state’s attorney general accusing him of fraudulently overvaluing his namesake real estate company’s assets and his own net worth. Attorney General Letitia James had sued Trump, his adult children Donald Jr., …
Donald Trump ordered by judge to face New York fraud lawsuit Read More »
By Sinéad Carew and Ankika Biswas (Reuters) – Wall Street’s main indexes all gained more than 2% on Friday after December payrolls expanded more than expected even as wage increases slowed and services activity contracted, easing worries about the Federal Reserve’s interest rate hiking path. U.S. nonfarm payrolls rose by 223,000 jobs in December, Labor …
Wall St rallies as jobs, services data calm rate hike worries Read More »
By Gram Slattery and Moira Warburton WASHINGTON (Reuters) – Republican Kevin McCarthy got a significant boost in his quest to become speaker of the U.S. House of Representatives after 15 hardline Republicans who opposed him flipped their votes on Friday, citing a deal on changes in House rules. Here are the most prominent detractors and …
Factbox-Who are the hardline U.S. House Republicans voting for and against McCarthy? Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy added jobs at a solid clip in December, pushing the unemployment rate back to a pre-pandemic low of 3.5% as the labor market remains tight, but Federal Reserve officials could draw some solace from a moderation in wage gains. Still, the U.S. central bank’s fight against …
U.S. job growth solid in December; wage growth slows Read More »
By Andrea Shalal WASHINGTON (Reuters) -The U.S. economy appears headed for a soft landing, with recent economic data pointing to an ongoing recovery, not a recession, White House economist Heather Boushey told Reuters on Friday. Boushey welcomed Friday’s data showing the U.S. economy adding jobs at a solid clip in December, with the unemployment rate …
U.S. likely headed for economic ‘soft landing’ -White House’s Boushey Read More »
MEXICO CITY (Reuters) – Mexico’s headline inflation likely accelerated in December after slowing its pace for two straight months, a Reuters poll showed Friday, reinforcing bets that monetary policymakers will maintain a restrictive monetary policy to tame prices. The median forecast of 11 analysts shows annual inflation at 7.85% in December, up from the 7.80% …
Mexico headline inflation seen speeding up in December, core index down: Reuters poll Read More »
By Howard Schneider and Ann Saphir NEW ORLEANS/SAN FRANCISCO (Reuters) – A jump in the workforce and easing wage growth suggests the U.S. job market is starting to move the way the Federal Reserve has hoped it will, to bring the supply and demand for workers into better balance and help in its battle against …
U.S. jobs report breathes life into Fed’s ‘soft landing’ scenario Read More »
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stocks are starting 2023 at much cheaper levels after Wall Street’s biggest swoon in 14 years but the potential for a recession combined with higher interest rates means equities may not be priced low enough to lure investors. Since the S&P 500 reached an all-time high a …
Stock swoon resets valuations but recession risk, rates cloud outlook Read More »
By Nell Mackenzie (Reuters) – Investment management firm AQR’s Absolute Return Strategy in 2022 saw its best year since its inception since 1998, a source with knowledge of the matter said on Friday. The $100 billion firm AQR reaped top performances from several of its strategies, taking advantage of strong trends across futures and markets …
Investment management firm AQR books best year in several strategies Read More »
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood’s Ark Invest sold 403,990 shares of embattled crypto-focused bank Silvergate Capital Corp on Thursday as shares in the firm plunged more than 40%, according to disclosures by Ark Invest. The selling nearly liquidated the firm’s share holdings and came from the $645 million …
Wood’s Ark Invest nearly liquidates Silvergate Capital position Read More »
