U.S. Bancorp CEO says economy heading for “moderate” recession
(Reuters) – U.S. Bancorp’s Andy Cecere forecast a “moderate” recession that would be short and “not very deep in terms…
Business
Walmart to invest $257 million in beef-packing plant in Kansas
(Reuters) – Walmart said on Tuesday it would invest $257 million to open a beef-packing plant in Olathe, Kansas in…
Little progress seen on EU debt rules at Friday meeting
By Jan Strupczewski BRUSSELS (Reuters) – Not much progress is expected on the reform of European Union debt rules at…
Boeing delivers 50 jets in May as 737 MAX rebounds from defect
By Valerie Insinna (Reuters) – Boeing delivered 50 jets in May, 13 fewer than European rival Airbus, but a 43%…
Analysis-Tesla taps brakes on job ads after Musk clamps down on hiring
By Noel Randewich and Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla has tapped the brakes on aggressive job advertising in…
Surprise UK wage jump raises likelihood of higher interest rates
By Andy Bruce LONDON (Reuters) -British wage growth soared and employment also jumped in the three months to April, raising…
Fed still waiting on a core services price crash
By Howard Schneider WASHINGTON (Reuters) -Hotel executives see no letup in demand even with the Federal Reserve trying to stomp…
Fed seen holding rates steady this week after inflation data
(Reuters) -Federal Reserve policymakers are seen as far more likely to skip raising interest rates this week after government data…
Wells Fargo CFO expects upside in net interest income
NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer…
Brazil’s Azul launches exchange offer as part of restructuring plan
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday launched exchange offers aimed at pushing forward bonds…