By Michael S. Derby NEW YORK (Reuters) – Americans’ expectations for inflation a year from now fell to the lowest level in two years, even as those same households said they expected more challenging financial times looming ahead, a New York Fed report on Monday said. In its May Survey of Consumer Expectations report, the…
(Reuters) – Biogen’s shares rose 2% on Monday as a unanimous backing of its Alzheimer’s drug by the U.S. health regulator’s advisers strengthened the case for a traditional approval with no major new safety warnings. The Food and Drug Administration’s advisory panel unanimously agreed that a late-stage trial of the drug Leqembi, developed with partner…
By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to exceed television revenue by 2028. GroupM, the world’s biggest media buyer, said it expects advertising revenue from retail media channels will grow 9.9% to reach…
LONDON (Reuters) – Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds, though its strategists said they remained wary of developing economies’ currencies in the face of a dollar that is set to remain strong. “We upgrade our stance on EM local currency bonds to bullish, where…
By Ananya Mariam Rajesh (Reuters) – Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious consumers are opting for cheaper six-packs, according to analysts and industry experts. With inflation making goods more expensive nationwide, consumers are trading down to more…
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who hoped to return the job market to its 2019, best-in-a-generation status after the pandemic, may be on the verge of success as the economy passes key milestones for labor participation and nears a return to pre-pandemic trend levels of employment. The question now: Will…
(Reuters) – The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted. “We are heading for a downturn and it varies region to region,” said…
(Reuters) – A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s a big week for markets with interest rate decisions from the three major central banks coming one after another. And one take away from last week’s surprise rate increases in Canada and Australia, is not to take anything…
BEIJING (Reuters) – China firmly opposes U.S. inclusion of two more companies, and some of their units, on a list of entities accused of alleged human rights abuses, the commerce ministry said on Monday. The action taken by the United States lacks factual basis and transparency, the ministry said, adding China will take necessary measures…
By Sarah N. Lynch WASHINGTON (Reuters) -Former U.S. Attorney General William Barr on Sunday defended Special Counsel Jack Smith’s 37-count indictment against Donald Trump on Sunday, saying if the allegations the former president willfully retained hundreds of highly classified documents are proven true, then “he’s toast.” “I was shocked by the degree of sensitivity of…
