IMF says U.S. should tighten fiscal policy to help cut persistent inflation
By David Lawder DETROIT (Reuters) -The International Monetary Fund said on Friday U.S. interest rates will likely need to remain…
Business
Instant view: Stubborn US April PCE inflation revives focus on June Fed hike
NEW YORK (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the…
Strong US consumer spending, inflation readings put Fed in tough spot
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects…
Microsoft sets out grounds for Activision appeal against UK regulator
By Sam Tobin LONDON (Reuters) -Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty”…
Brexit to blame for a third of Britain’s food bill rise, researchers say
By James Davey LONDON (Reuters) – Britain’s departure from the European Union has accounted for about a third of the…
Mexico president eyes ‘half’ of Citi unit amid IPO plan
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half…
How Americans plan to travel this Memorial Day
(Corrects to add dropped word in last bullet) (Reuters) – The upcoming Memorial Day weekend is expected to see millions…
Debt ceiling deal may shift investor focus to further Fed action
By David Randall NEW YORK (Reuters) – A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely…
Ex-CBS shareholders reach proposed $167.5 million settlement over Viacom deal
WILMINGTON, Delaware (Reuters) – Former CBS shareholders reached a proposed $167.5 million settlement to resolve allegations that Shari Redstone, the…
Factbox-What’s in the debt ceiling deal Biden, McCarthy are negotiating?
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal…