(Reuters) -J.P.Morgan on Friday brought forward its expectations for the start of interest-rate cut by the European Central Bank (ECB) to June from September, but said it remained “cautious” about inflation and wage growth trends. The brokerage now expects 100 basis points (bps) of rate cuts by the end of the year compared to 75 …
J.P.Morgan advances ECB rate-cut expectation to June from September Read More »
(Reuters) -Los Angeles Times plans to lay off a “significant” number of journalists, the newspaper’s guild said on Thursday, adding that they would organize a one-day walk-out on Friday to protest against the planned move. The layoffs could impact at least 100 journalists or about 20% of the newsroom in a move to address the …
Los Angeles Times plans ‘significant’ layoffs, guild says Read More »
(Reuters) – The U.S. Federal Aviation Administration said on Friday it will investigate an incident where an Atlas Air Boeing 747-8 cargo plane made an emergency landing at Miami International Airport after facing an engine malfunction shortly after departure. (Reporting by Akanksha Khushi in Bengaluru; Editing by Arun Koyyur)
(Reuters) – Comerica on Friday forecast an 11% drop in its net interest income (NII) in 2024, as it pays more interest on deposits to keep customers from moving to other options, while seeing slower demand for loans. The downbeat forecast and commentary added to the gloom in the industry, which is bracing for a …
Comerica forecasts weak interest income as deposit costs rise, loan growth slows Read More »
(Reuters) – U.S. equity funds saw large outflows in the seven days to Jan. 17 as a solid retail sales report and pushback from Federal Reserve officials tempered hopes about a policy rate cut in March. Investor sentiment also remained pressured as some major U.S. lenders, including Morgan Stanley, reported a drop in fourth-quarter earnings. …
US equity funds see big outflows on rate-cut uncertainty, earnings caution Read More »
By Timothy Gardner and Curtis Williams WASHINGTON (Reuters) – The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security. The Federal Energy Regulatory Commission, a panel of …
Biden administration taking heat from all sides over Louisiana LNG project Read More »
By John Kruzel WASHINGTON (Reuters) – Three cases before the U.S. Supreme Court will help determine the advance of the conservative push called the “war on the administrative state” that aims to weaken federal agencies that regulate key aspects of American life and business. The court, with a 6-3 conservative majority, is weighing cases challenging …
Explainer-How is the ‘war on the administrative state’ faring at the Supreme Court? Read More »
By David Morgan WASHINGTON (Reuters) – Hardline Republicans who repeatedly brought the U.S. House of Representatives to a halt last year were sidelined in this month’s bipartisan push to avert a government shutdown, as even some in their own party tired of their demands. The House on Thursday passed a stopgap measure meant to give …
Hardline US Republicans who cried ‘wolf’ side-lined by spending deal Read More »
By Richard Cowan and Makini Brice WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday approved a stopgap bill to fund the federal government through early March and avert a partial government shutdown, sending it to President Joe Biden for final approval. The measure passed 314-108, with 106 Republicans and two Democrats in opposition. Earlier …
US Congress passes bill to avert government shutdown, sends it to Biden Read More »
WASHINGTON (Reuters) – A bill to avert a partial U.S. government shutdown secured enough votes to pass in the House of Representatives on Thursday, hours after the Senate passed it. Voting was still underway. (Reporting by Makini Brice, Richard Cowan and Kanishka Singh in Washington)
