By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation without a recession, meet this week with an autoworkers strike, a possible federal government shutdown, and a student loan squeeze on consumers posing new risks to that best-case outcome. The United Auto Workers launched a…
By Herbert Lash NEW YORK (Reuters) – Global equities slid and the 10-year Treasury yield traded close to a 16-year high on Monday amid rising concerns that the Federal Reserve’s higher-for-longer message on interest rates will take a toll on U.S. consumers. Rising oil prices, a possible government shutdown in less than two weeks and…
Gold Prices Climb as Markets Anticipate Steady Fed Rates and U.S. Government Shutdown Fears On Monday, gold prices experienced an uptick, driven by market expectations that the Federal Reserve will maintain current interest rates during its upcoming meeting. Simultaneously, growing concerns regarding a potential U.S. government shutdown have amplified safe-haven demand for the precious metal….
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against a basket of currencies on Monday but remained near a six-month high in muted trading as traders awaited interest rate decisions this week by the Federal Reserve, Bank of England and Bank of Japan. “The plethora of event risk and central bank meetings…
(Reuters) -U.S. oil output from top shale-producing regions is on track to fall for a third month in a row in October to the lowest level since May 2023, the U.S. Energy Information Administration (EIA) said in its monthly drilling productivity report on Monday. U.S. oil output is expected to fall to 9.393 million barrels…
By Andrew Mills, Humeyra Pamuk and Parisa Hafezi DOHA/NEW YORK (Reuters) -A U.S.-bound plane carrying five Americans freed by Iran left Doha on Monday as part of a prisoner swap for five Iranians held in the United States and the transfer of $6 billion in Iranian funds, marking a rare deal between the long-time antagonists….
By Marc, Frank and Nelson Acosta HAVANA (Reuters) – Developing nations on Saturday declared Sept. 16 the annual “Day of Science, Technology and Innovation in the South” as they prepared to wrap up a two-day summit on the subject. “We note with deep concern the existing disparities between developed and developing countries in terms of…
By David Morgan WASHINGTON (Reuters) -With a possible partial government shutdown looming in two weeks, House of Representatives Speaker Kevin McCarthy on Sunday said he would bring a defense spending bill to a vote “win or lose” this week, despite resistance from hardline fellow Republicans.McCarthy is struggling to bring fiscal 2024 spending legislation to the…
By Nick Carey and Lisa Baertlein LONDON/LOS ANGELES (Reuters) – A clutch of European and U.S. delivery company startups is racing to serve the growing market for offering zero-emission, electric last-mile deliveries in cities to retailers and consumers before giant shippers do the same. The likes of Germany’s Liefergrun, the UK’s Zedify and Packfleet, and…
ISTANBUL (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company’s Turkish unit. It did not specify when the investment would be made….