MEXICO CITY (Reuters) -Mexico’s annual inflation slowed in March by more than expected to 6.85%, the lowest rate in nearly 1-1/2 years, although core price pressures remained elevated, data from national statistics agency INEGI showed on Wednesday. The March reading was the lowest since October 2021, and came in slightly below the consensus forecast of…
NEW YORK (Reuters) – The Financial Industry Regulatory Authority, Wall Street’s self-funded watchdog, fined Goldman Sachs Inc $3 million on Tuesday for mistakenly marking some of its stock orders as “long” instead of “short”, and for trade reporting violations. From October 2015 to April 2018, Goldman mismarked around 60 million short sale orders totaling more…
By Valerie Insinna WASHINGTON (Reuters) -Boeing Co said on Wednesday it had restarted deliveries of its widebody 767 after a three-month pause caused by supplier quality issues. The U.S. planemaker was forced to halt deliveries of the 767F freighter and KC-46 tanker earlier this year after it discovered center fuel tanks made by a supplier…
(Reuters) -Johnson & Johnson’s shares rose nearly 4% in early trading to hit a near two-month high of $164.48 on Wednesday as the company’s $8.9 billion offer to settle talc-related lawsuits gained support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue. Some analysts were positive about the…
By Tatiana Bautzer NEW YORK (Reuters) -Wall Street bankers face an increasingly gloomy job market after last month’s banking crisis worsened an already bleak outlook for pay and staffing. The failure of two U.S. banks – Silicon Valley Bank and Signature Bank – shook confidence in the industry and prompted government intervention to protect the…
DETROIT (Reuters) – Ford Motor Co plans “dramatic reductions” in the complexity of its product lineup starting in the 2024 model year, Jim Baumbick, the automaker’s product development chief, said Wednesday at a conference hosted by Bank of America. At the same time, Ford plans to develop more variations of certain model lines, such as…
By Siddharth Cavale (Reuters) -Walmart Inc on Wednesday said inflation would continue to pressure its business this year, and that it would slow its pace of hiring as it builds out automation technology amid a tight labor market. “We believe, over time, the number of associates will grow, but at a slower pace than in…
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, as the group slims its bloated infrastructure to compete better with United Parcel Service and Amazon. The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx…
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday it was too early to know if the U.S. central bank would need to raise its benchmark interest rate at its next policy meeting in early May. Her comments, in an interview with Bloomberg TV, came a day after she gave a speech…
(Reuters) -Conagra Brands Inc raised its full-year profit forecast on Wednesday, as the Slim Jim beef jerky maker bets on price increases to shield its margins at a time when demand for its frozen foods and snacks showed signs of weakening. Packaged food companies have been raising product prices to limit margin pressures from elevated…