WASHINGTON (Reuters) – U.S. business inventories rose moderately in February, suggesting that inventory investment could subtract from economic growth in the first quarter. Business inventories increased 0.2% after falling 0.2% in January, the Commerce Department said on Friday. Economists polled by Reuters had expected inventories, a key component of gross domestic product, to rise 0.3%….
(Reuters) -Digital media conglomerate Starboard said on Friday it has bought Parler for an undisclosed sum and will temporarily shut down the social media app popular with U.S. conservatives to give itself time to roll out a revamped version of the platform. The move comes months after the collapse of a deal that would have…
(This April 13 story has been corrected to fix the year of the last dollar bond issuance to 2022, not 2019) By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) – Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she…
WASHINGTON (Reuters) – U.S. consumer sentiment inched up in April, but households expected inflation to rise over the next 12 months. The University of Michigan’s preliminary April reading on the overall index of consumer sentiment came in at 63.5, up from 62.0 in the prior month. Economists polled by Reuters had forecast a preliminary reading…
(Reuters) – Florida’s Republican Governor Ron DeSantis has signed a bill into law that bans most abortions after six weeks, setting the stage for abortion access to be drastically curtailed in the state and across the U.S. South. DeSantis signed the legislation late on Thursday night after lawmakers in the state’s Republican-led House of Representatives…
(Corrects month in second paragraph to February from January) WASHINGTON (Reuters) – Production at U.S. factories fell more than expected in March, but eked out a modest gain in the first quarter. Manufacturing output dropped 0.5% last month, the Federal Reserve said on Friday. Data for February was revised higher to show production at factories…
(Reuters) – A U.S. recession is certainly feasible as the Federal Reserve’s steep rate-hikes over the past year filters fully through the economy, Chicago Fed President Austan Goolsbee said on Friday, as he again urged the central bank to be prudent on policy. “There is no way you can look at current conditions around the…
(Reuters) – Southwest Airlines expects an ongoing Boeing 737 MAX manufacturing problem to delay some plane deliveries this year, Southwest said Friday. “We are in discussions with Boeing to understand what that impact will be in 2023 and beyond,” the company said. The manufacturing problem involves fittings that were incorrectly installed on the fuselage made…
(Reuters) – Southwest Airlines expects an ongoing Boeing 737 MAX manufacturing problem to delay some plane deliveries this year, Southwest said Friday. “We are in discussions with Boeing to understand what that impact will be in 2023 and beyond,” the company said. The manufacturing problem involves fittings that were incorrectly installed on the fuselage made…
(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Friday kept bets the U.S. central bank will increase its benchmark rate in May by another quarter-of-a-percentage point, even after a report showed overall retail sales dropped more than expected last month. U.S. short-term interest rate futures reflect the view that a…
