By Ann Saphir and Howard Schneider (Reuters) – U.S. economic activity appeared to stall in recent weeks, a Federal Reserve report published on Wednesday showed, with job growth and inflation both slowing, and near-term business prospects looking slightly worse than previously. “Expectations for future growth deteriorated a little, though contacts still largely expected a further…
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by a stronger U.S. dollar and weak data from top oil importer China that fed demand fears. Brent crude futures for August delivery settled down $1.11 to $72.60 a barrel. U.S. West Texas Intermediate crude (WTI) settled down $1.37, or 2%, to $68.09. At…
(Reuters) -Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co CEO expressed his interest in pursuing a public office. “I love my country, and maybe one day I’ll serve my country in one capacity or another,” Dimon said in an…
DAKAR (Reuters) – Senegal’s President Macky Sall on Wednesday said his government would ensure peaceful, free and transparent elections next year following weeks of fresh opposition unrest over fears he might run for a third term and sideline a key rival. Sporadic violent protests have broken out across Senegal since opposition leader Ousmane Sonko was…
WASHINGTON (Reuters) – President Joe Biden expects to have the debt ceiling bill on his desk by June 5, before the U.S. runs out of money to pay its bills, White House spokesperson Karine Jean Pierre said on Wednesday. (Reporting By Trevor Hunnicutt and Jarrett Renshaw; Editing by Chris Reese)
(Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said on Wednesday that for the moment he is inclined to support a “skip” in interest rate hikes at the central bank’s next meeting in June, although economic data due soon could change his mind. “I am in the camp increasingly coming into this meeting…
(Reuters) – Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co CEO expressed his interest in pursuing a public office. “I love my country, and maybe one day I’ll serve my country in one capacity or another,” Dimon said in…
WASHINGTON (Reuters) – Amazon.com agreed to pay $25 million to settle allegations that it violated children’s privacy rights with its Alexa voice assistant, according to a court filing on Wednesday. (Reporting by Diane Bartz and David Shepardson)
BRASILIA (Reuters) – Brazil’s formal job creation fell short of expectations in April, with a net of 180,005 positions, according to figures released by the Labor Ministry on Wednesday. Economists polled by Reuters were expecting that 204,800 jobs would be created in the month. All five activity groups surveyed showed positive results, led by the…
By Jonathan Cable LONDON (Reuters) – The Bank of England will be far more aggressive in policy tightening than previously thought as it battles to contain stubbornly-high inflation running at the joint-highest rate among Group of Seven advanced economies, a Reuters poll found. Consumer prices rose 8.7% in annual terms last month, down from 10.1%…
