US services sector still growing; inflation remains sticky
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. services sector maintained a steady pace of growth in April as new…
Economy
US Senate Democrats launch renewed effort to counter China
By Patricia Zengerle and David Shepardson WASHINGTON (Reuters) – U.S. Senate Democrats launched a renewed effort to stave off competition…
Estee Lauder sinks after dour 2023 outlook due to slow recovery in Asia
By Ananya Mariam Rajesh and Katherine Masters (Reuters) – Estee Lauder Cos Inc’s shares plunged on Wednesday after the cosmetics maker…
Toronto home prices rise for third month in April
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices increased in April from March as new listings…
Analysis-Why Republican presidential hopefuls are keeping out of US debt-ceiling squabble
By Gram Slattery and Tim Reid WASHINGTON (Reuters) – It is the one topic that everyone on Capitol Hill is…
Leonardo posts lower Q1 profits and earnings, but orders rise
ROME (Reuters) – Italy’s state-controlled defence and aerospace group Leonardo on Wednesday posted lower first-quarter profits and earnings, but reported…
European shares end higher with eyes on Fed, oil stocks fall for second day
By Shreyashi Sanyal (Reuters) -European shares climbed on Wednesday, a day after their biggest fall in a month, as speculation…
Nvidia short sellers lose $5 billion as shares rise more than 90% in 2023
NEW YORK (Reuters) -Nvidia Corp short sellers have lost $5.09 billion so far this year as the stock has jumped…
Russian economy shrank estimated 2.2% y/y in Q1 – economy ministry
(Reuters) – Russia’s economy contracted by 2.2% in the first quarter of 2023 in annual terms, the economy ministry estimated…
33 Democrats urge ban on investor-state dispute provisions in all U.S. trade deals
By David Lawder WASHINGTON (Reuters) – Democratic U.S. lawmakers on Wednesday urged the U.S. Trade Representative and State Department to…