The case for a ‘one and done’ Fed rate hike grows as economy slows
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Economic data has begun to fill in the portrait of a…
Business
Citigroup beats estimates on higher income from loans; shares rise
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) – Citigroup Inc’s first-quarter profit beat Wall Street expectations as it earned more…
U.S. banks highlight office real estate as next big worry
By Matt Tracy and Saeed Azhar (Reuters) – Some of the largest U.S. banks singled out office commercial real estate…
Weak retail sales, manufacturing output data point to slowing US economy
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in March as consumers cut back on…
Walmart US merchandising chief Redfield to step down
(Reuters) – Walmart Inc U.S. chief merchandising officer Charles Redfield is stepping down after just over a year in the role,…
Fed’s Bowman says bank failures not indictment of broader regulatory regime
(Reuters) – Federal Reserve Governor Michelle Bowman said on Friday that the recent failures of Silicon Valley Bank and Signature…
Wells Fargo profit exceeds estimates as rising rates bolster income
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo & Co’s profit surpassed expectations for the first…
Russia raises 2023 GDP growth forecast, longer-term outlook worsens
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s economy ministry revised higher on Friday its 2023 gross domestic product…
UnitedHealth’s quarterly beat clouded by 2024 Medicare uncertainty
By Khushi Mandowara and Bhanvi Satija (Reuters) -UnitedHealth Group Inc on Friday topped expectations for first-quarter results but shares fell…
European banks surge on strong Q1 results from U.S. peers
(Fixes typo in first paragraph) By Joice Alves LONDON (Reuters) – European banks surged on Friday, rising to a one-month…