LONDON (Reuters) – A wave of debt defaults by companies in the United States and Europe is imminent, due in part to the fastest monetary tightening cycle in 15 years, Deutsche Bank said in its annual default study released on Wednesday. Deutsche expects default rates to peak in the fourth quarter of next year. It…
May 31 (Reuters) – U.S. Labor Department report of job openings and labor turnover, seasonally adjusted. Rates (percent) Apr 2023 Mar 2023 Apr 2022 Job openings (1) 6.1 5.9 (r) 7.2 Hires (2) 3.9 3.9 (r) 4.3 Separations (3) 3.7 3.9 (r) 4.1 Quits (4) 2.4 2.5 3.0 Layoffs and discharges 1.0 1.2 0.9 Levels…
(Corrects to describe bill as bipartisan, not Republican) WASHINGTON (Reuters) – The U.S. House of Representatives will have the votes needed to pass a bipartisan debt ceiling bill later on Wednesday, Representative Tom Emmer, the No. 3 House Republican, said. “We’re going to have the votes tonight. This will pass,” Emmer told CNN in an…
WASHINGTON (Reuters) – The bipartisan debt ceiling bill will become law, U.S. House of Representatives Speaker Kevin McCarthy said on Wednesday, hours ahead of a much-anticipated vote in the chamber on the measure, which if passed would then go to the Senate for a vote. “It’s going to become law,” McCarthy told reporters. (Reporting by…
By Steve Gorman (Reuters) -An all-private astronaut team of two Americans and two Saudis, including the first Arab woman sent into orbit, splashed down safely off Florida on Tuesday night, capping an eight-day research mission aboard the International Space Station (ISS). The SpaceX Crew Dragon capsule carrying them parachuted into the Gulf of Mexico off…
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – U.S. home prices will decline less than previously expected this year before stagnating in 2024, despite widespread expectations interest rates will remain higher for longer, according to property analysts polled by Reuters. Even though the U.S. Federal Reserve has embarked on its most aggressive tightening cycle…
(Reuters) – Wall Street’s main indexes opened lower on Wednesday as a deal to raise the nation’s debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. The Dow Jones Industrial Average fell 94.07 points, or 0.28%, at the open…
(This May 17 story has been corrected to say Marathon Petroleum, not Marathon Oil, in paragraph 8) By Trixie Yap and Florence Tan SINGAPORE (Reuters) – Finnish refiner Neste expects renewable fuels from its new facilities in Singapore and the U.S. to drive its growth this year despite expectations of lower oil product margins in…
WASHINGTON (Reuters) – An apparent rebound in the residential housing market could impact the Federal Reserve’s inflation fight, with home prices “leveling out” even as the U.S. central bank awaits the impact of falling rents on headline inflation data, Fed Governor Michelle Bowman said on Wednesday. “We expect lower rents will eventually be reflected in…
By Tibisay Romero, Deisy Buitrago and Marianna Parraga VALENCIA/CARACAS (Reuters) – The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world’s largest crude reserves. Pedro…
