(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Friday said that he and colleagues will be parsing what will be “a lot of data” between now and the Fed’s meeting in late July to assess if the US central bank needs to push borrowing costs up higher to bring down inflation. “That’s what…
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Friday said that he and colleagues will be parsing what will be “a lot of data” between now and the Fed’s meeting in late July to assess if the US central bank needs to push borrowing costs up higher to bring down inflation. “That’s what…
(Reuters) – General Motors said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries. GM said Algolion’s software will help the Detroit automaker bring to the market a “cost-effective” early hazard detection system at a quicker pace. The deal, for an undisclosed sum, comes at a time…
(Reuters) – U.S. President Joe Biden on Friday said he was concerned that a Supreme Court ruling that the constitutional right to free speech allows certain businesses to refuse to provide services for same-sex weddings could lead to more discrimination against LGBT Americans. The justices ruled 6-3 along ideological lines in favor of Denver-area web…
By Jan Lopatka PRAGUE (Reuters) – Cyanide maker Draslovka is considering an equity fundraising worth hundreds of millions of dollars support the roll out of new technology that could help miners slash use of cyanide, its CEO said in an interview on Friday. The privately-held Czech company is the world’s leading sodium cyanide maker. The…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending fizzled in May as households cut back on purchases of new light trucks and other long-lasting manufactured goods amid higher borrowing costs, suggesting the economy lost some speed in the second quarter. While the Commerce Department’s report on Friday showed annual inflation rising last month at…
By Amruta Khandekar, Matteo Allievi and Bansari Mayur Kamdar (Reuters) – European shares rose on Friday as lacklustre data on China’s factory activity spurred hopes of more policy stimulus, but ended the quarter on a sombre note as worries about further monetary policy tightening and weak Chinese demand capped gains. The pan-European STOXX 600 index…
MILAN (Reuters) – Italian luxury group Salvatore Ferragamo said on Friday that its Chief Financial Officer Alessandro Corsi would resign with effect from Sept.30 to take on “a new professional challenge”. Corsi has been Ferragamo’s CFO since January 2019. He is expected to become chief executive of a non-listed company which is not a rival…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Friday turned away a bid by two Black Mississippians to restore their right to vote after being barred under the state’s felon disenfranchisement law that traces its roots to the post-Civil War era and has disproportionately affected Black voters. The justices declined to hear…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Friday agreed to hear a bid by President Joe Biden’s administration to defend certain Securities and Exchange Commission in-house enforcement proceedings in a case that could broadly undercut the power of federal agencies. The justices took up the administration’s appeal of a lower court’s decision…
