US manufacturing production surges in April on motor vehicles
WASHINGTON (Reuters) – Production at U.S. factories surged in April, driven by an increase in output at motor vehicle plants,…
May 16, 2023
US homebuilder sentiment rises to 10-month high in May
WASHINGTON (Reuters) – U.S. homebuilder sentiment rose to a 10-month high in May as tight housing supply boosted demand for…
Fed’s Mester says not yet at point where it can ‘hold’ rates
By Padraic Halpin DUBLIN (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that she does not…
Canada’s inflation unexpectedly rises in April, upping rate-hike pressure
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate rose in April for the first time in…
Israel economy grows 2.5% in Q1, likely clinches another rate hike
By Steven Scheer and Maayan Lubell JERUSALEM (Reuters) – Israel’s economy slowed less than expected in the first quarter of…
Two online brokerages to remove China apps as Beijing data crackdown widens
SHANGHAI/HONG KONG (Reuters) -Online brokerages Futu Holdings Ltd and UP Fintech Holding Ltd will remove apps in mainland China amid…
US default could trigger recession, disrupt critical government services – Yellen
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday warned that a default on government debt…
AutoNation names Thomas Szlosek as CFO
(Reuters) – AutoNation Inc named Thomas Szlosek as its chief financial officer, effective on or about Aug. 7, the auto…
Tesla Succession Planning, Demand In Focus Ahead Of Shareholder Meeting
By Hyunjoo Jin and Tanya Jain (Reuters) – Tesla Inc CEO Elon Musk will be under pressure to address investor…
Home Depot cuts forecasts, signals weakness ahead for big US retailers
By Deborah Mary Sophia (Reuters) -Home Depot Inc on Tuesday cut its annual sales forecast and projected a steeper-than-expected decline…