NEW YORK (Reuters) – U.S. consumer spending was unchanged in March, while underlying inflation pressures remained strong, data from the Commerce Department showed Friday, which could see the Federal Reserve raising interest rates again next month. Though inflation remains elevated, it is gradually slowing. The personal consumption expenditures (PCE) price index gained 0.1% in March…
By Gabriella Borter and Sharon Bernstein (Reuters) – State legislatures are wrestling with how much to restrict or expand abortion access after the U.S. Supreme Court overturned Roe v. Wade last year. Here is a snapshot of pending and passed legislation seeking to restrict or protect access in 2023, including details on a law that…
WASHINGTON (Reuters) – U.S. consumer spending was unchanged in March, while underlying inflation pressures remained strong, which could see the Federal Reserve raising interest rates again next month. The unchanged reading in consumer spending last month, reported by the Commerce Department on Friday, followed a downwardly revised 0.1% gain in February. Consumer spending, which accounts…
(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Friday firmed up bets the U.S. central bank will raise its benchmark rate a final time in May after the government reported core inflation rose 4.6% in March from a year earlier. U.S. short-term interest rate futures were down slightly after the…
NEW DELHI (Reuters) – India’s infrastructure output expanded 3.6% year-on-year in March, its slowest pace in five months, in part dragged by a contraction in electricity and cement output, government data showed on Friday. The country’s infrastructure output last grew at a slower pace, of 0.1% year-on-year, in October 2022. Infrastructure output—which comprises eight sectors,…
By Francesco Canepa and Belén Carreño FRANKFURT/MADRID (Reuters) – The euro zone economy is barely growing but inflation in the bloc remains high, leaving the European Central Bank with little choice but to inflict more financial pain on households and businesses to tame prices. Buffeted for more than a year by the surge in fuel…
(Reuters) – Intel Corp shares rose nearly 6% as the once-dominant chipmaker’s quarterly print indicated “baby step progress” in efforts to turn around its business after ceding market share to rivals and struggling with all-time low margins. At least 13 brokerages raised their target price on the stock that has underperformed rivals this year, encouraged…
(Reuters) – Colgate-Palmolive Co raised its full-year organic sales forecast on Friday, betting on consistent price hikes and steady demand for its pet nutrition products. The company’s shares rose about 2% in premarket trading after it also beat first-quarter revenue and profit expectations. Like many consumer product makers, Colgate-Palmolive has been raising prices to battle…
By Gabrielle Tétrault-Farber GENEVA (Reuters) -A United Nations committee said on Friday it was deeply concerned about human rights violations by Russian forces and private military companies in Ukraine, including enforced disappearances, torture, rape and extrajudicial executions. In its findings on Russia, the U.N. Committee on the Elimination of Racial Discrimination called on the Russian…
By Gavin Jones and Giuseppe Fonte ROME (Reuters) -Italy’s economy grew by 0.5% in the first quarter from the previous three months, preliminary data showed on Friday, a stronger recovery than expected after a slight contraction at the end of last year. On a year-on-year basis, first quarter gross domestic product in the euro zone’s…
