NEW YORK (AP) — The largest part of the U.S. economy is holding up against the hottest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services have managed to keep gaining ground through the summer, according to the latest survey from the Institute for Supply…
Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. Figma, founded in 2012, allows those who design interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich developer ecosystem. The companies said that Figma’s web-based, multi-player capabilities will accelerate the delivery of…
By Alex Lawler LONDON (Reuters) -Brent crude oil fell 3% on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase outweighed supply concerns. The International Energy Agency said this week oil demand growth would grind to a halt in the fourth quarter. [IEA/M] The dollar…
Amtrak on Thursday worked to accommodate travelers whose plans were disrupted this week ahead of a tentative railway labor agreement. Crowds were noticeably smaller at New Jersey stop on Amtrak’s Northeast Corridor line between Philadelphia and New York hours after the agreement was announced, customers said. Amtrak cancelled several of its long-distance routes this week…
NEW YORK (AP) — Americans picked up their spending a bit in August from July even as surging inflation on household necessities like rent and food took a toll on family budgets. U.S. retail sales rose an unexpected 0.3% last month after falling 0.4% in July, the Commerce Department said Thursday. Excluding business at gas…
By Marc Jones LONDON (Reuters) – Stock markets were sluggish and the dollar and bond yields shuffled higher on Thursday as the likelihood of a further jump in global borrowing costs, including a possible 100 basis point U.S. rate hike next week, kept the bears on the prowl. With recession worries still nagging, Wall Street…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control. Applications for jobless aid for the week ending Sept. 10 fell by 5,000 to 213,000, the Labor Department reported Thursday….
(Reuters) – U.S. stock index futures struggled for direction on Thursday after lackluster trading in the previous session as investors awaited a slew of economic data that could provide more clarity on the Federal Reserve’s monetary policy tightening path. Wall Street’s main indexes closed slightly higher on Wednesday after wavering throughout the session as an…
BRUSSELS (AP) — European Union lawmakers on Thursday said that Hungary’s nationalist government is deliberately trying to undermine the bloc’s democratic values and they deplored the failure of the 26 other EU countries to take action that would bring the country back into line. In a resolution that passed in a 433-123 vote, with 28…
By Conor Humphries DUBLIN (Reuters) -Ryanair apologised on Thursday for blocking media access to its Annual General Meeting, saying it happened by mistake, but said it would continue to prevent access to one journalist from an Irish newspaper. Reporters who understood they were being brought to the Annual General Meeting room, which is normally open…
