By Lewis Krauskopf NEW YORK (Reuters) – Some investors are growing concerned that the U.S. economy may not be cooling fast enough to justify bets that the Federal Reserve will cut interest rates this year, threatening a view that has helped boost stocks. Expectations of rate cuts in the second half of the year have…
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval was at 40% in recent days, close to the lowest level of his presidency, with Americans unhappy about his handling of immigration and inflation, a new Reuters/Ipsos poll showed. The three-day poll, which ended on Sunday, showed a marginal increase in Biden’s popularity…
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The British son of jailed Hong Kong media tycoon Jimmy Lai and a leading Catholic U.S. congressman criticized Britain and the Vatican on Wednesday for failing to speak out strongly against the crackdown on dissent in the Chinese territory. At a Washington event about the human…
By Nichola Groom (Reuters) -The U.S. Department of Homeland Security this week raided a factory and sales office operated by one of the world’s largest solar panel makers, China’s Jinko Solar Holding Co Ltd, the agency said on Wednesday. A spokesperson for the Homeland Security Investigations arm of DHS, Mike Meares, said search warrants were…
By Nell Mackenzie LONDON (Reuters) -Hedge funds cut their exposure to financial stocks in April after buying discounted equities in the market turmoil that followed the March failures of Silicon Valley Bank and Signature bank, according to S&P Global Market Intelligence data. Hedge funds reduced exposure to financial stocks including banks and trading companies by…
PARIS (Reuters) – The European Central Bank has travelled most of the way in its campaign to raise interest rates, French ECB policymaker Francois Villeroy de Galhau said on Wednesday, adding that further rate hikes would be “more marginal”. “What remains to be done is more marginal,” Villeroy told newspaper group EBRA. “It is the…
By Chibuike Oguh NEW YORK (Reuters) – A gloomy forecast from vacation rental firm Airbnb weighed on travel-related stocks on Wednesday as an expected slowdown in bookings signaled an impending slump in travel demand with consumers seeking cheaper accommodation amid inflation and recession fears. Airbnb, which reported a 20% rise in quarterly revenue on Wednesday,…
By Chibuike Oguh NEW YORK (Reuters) – A gloomy forecast from vacation rental firm Airbnb weighed on travel-related stocks on Wednesday as an expected slowdown in bookings signaled an impending slump in travel demand with consumers seeking cheaper accommodation amid inflation and recession fears. Airbnb, which reported a 20% rise in quarterly revenue on Wednesday,…
By Djaffar Sabiti NYAMUKUBI, Democratic Republic of Congo (Reuters) -The death toll from flooding in eastern Democratic Republic of Congo crept higher on Tuesday as aid workers found more bodies among the muddy devastation and wounded residents succumbed to their injuries in an underequipped local clinic. The floods, in a remote, mountainous area of South…
By Lucia Mutikani WASHINGTON (Reuters) – The annual increase in U.S. consumer prices slowed to below 5% in April for the first time in two years, while a key inflation measure monitored by the Federal Reserve subsided, potentially providing cover for the central bank to pause further interest rate hikes next month. Nevertheless, inflation remains…
