US single-family homebuilding surges, rising supply a near-term constraint
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded sharply in August, but a moderate increase in building permits…
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Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
(Reuters) – The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is…
Climate-related ‘one-two punch’ seen driving Los Angeles wildfires
By Andrew Hay (Reuters) – Wildfires around Los Angeles have burned rapidly in the past week after vegetation growth and…
Harris calls for end to war in Gaza, no Israeli reoccupation
By Andrea Shalal and Stephanie Kelly PHILADELPHIA (Reuters) -U.S. Democratic presidential candidate Kamala Harris called on Tuesday for an end…
JPMorgan in talks with Apple over Goldman credit card partnership, source says
(Reuters) -JPMorgan Chase is in talks with Apple about replacing Goldman Sachs as the tech giant’s credit-card partner, a source…
Musk’s Neuralink gets FDA’s breakthrough device tag for ‘Blindsight’ implant
(Reuters) -Elon Musk’s brain-chip startup Neuralink said on Tuesday its implant aimed at restoring vision received the U.S. Food and…
Big oil companies defeat US consumer lawsuit over production, prices
(Reuters) – Several oil companies including Exxon Mobil and Chevron on Monday defeated an appeal by consumers who accused them…
Fed rate cuts will not be as deep as the market expects, says BlackRock
NEW YORK (Reuters) – The Federal Reserve will likely not cut U.S. interest rates as deeply as the bond market…
Teamsters meet VP Harris, could make US presidential pick this week
By David Shepardson WASHINGTON (Reuters) – The 1.3 million-member Teamsters union could decide who to endorse in the 2024 U.S….
Boeing imposes hiring freeze, takes steps to conserve cash after strike starts
WASHINGTON (Reuters) – Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on…