By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt about the potential aggressiveness of the Federal Reserve in fighting inflation. U.S. Treasury yields were also mostly lower after the data. The Commerce…
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia’s central bank board on Friday unanimously held the benchmark interest rate steady for the first time in nearly two years, with the market anxiously awaiting signs of when policymakers may begin to cut rates as inflation cools. All 22 analysts polled in a Reuters survey last…
By Laura Sanicola (Reuters) -Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand. Benchmark Brent crude futures for August delivery which expires on Friday, settled up 56 cents, or 0.8%, at $74.90. In the three months to the end…
(Reuters) – U.S. Senator Elizabeth Warren has questioned Goldman Sachs’ role in the failure of Silicon Valley Bank (SVB) and the profits it allegedly made in the process. “Goldman Sachs, serving as both the buyer of SVB-held bonds and the architect of failed efforts to raise capital for the bank, raked in profits and fees…
FRANKFURT (Reuters) -Deutsche Bank’s head of human resources, Michael Ilgner, has decided to leave the bank, Deutsche Bank announced on Friday, the latest in a spate of management changes. The move follows an investigation earlier this year into Ilgner’s purchase of the bank’s own bonds just days before the lender reported earnings, a move that…
(Reuters) – The U.S. Supreme Court ruling striking down race-conscious policies in college admissions includes some subtle warnings to companies about the legal limits of workforce diversity efforts and is likely to fuel challenges to them, experts said. Here are how some of the biggest corporations in the United States fare on diversity, equity and…
MILAN (Reuters) – Italy aims to generate nearly two thirds of its electricity from renewable energy sources by the end of the decade, the energy ministry said on Friday, slightly improving targets made public three years ago. In a revision of the country’s energy and climate plan, the ministry said Italy aimed to get 65%…
(Reuters) – ESPN laid off about 20 of its sports personalities on Friday as the Walt Disney unit seeks to more closely manage costs, a source said. Among those affected by the cuts were long-time NBA analyst Jeff Van Gundy, former head coach of the New York Knicks and Houston Rockets, and studio analyst Jalen Rose, a…
By Stephen Nellis (Reuters) -Artificial intelligence chips from Advanced Micro Devices are about 80% as fast as those from Nvidia Corp, with a future path to matching their performance, according a Friday report by an AI software firm. Nvidia dominates the market for the powerful chips that are used to create ChatGPT and other AI…
By Medha Singh (Reuters) – U.S. airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season. The rebound in travel spending after the pandemic has held up despite rising inflation and signs of a slowing economy,…
