Former Fed chief Bernanke says labor costs becoming more prominent in inflation
By Howard Schneider WASHINGTON (Reuters) -A tight U.S. job market and rising wages are beginning to have more of an…
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Boeing CEO predicts supply chain pressure through 2024
By Andrew Mills and Tim Hepher (Reuters) – Boeing Chief Executive Dave Calhoun on Tuesday said it could take until…
Fed’s jobs-weighted framework caused more problems than it fixed -research
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve’s 2020 move to put more weight on jobs in setting…
US business activity rises to 13-month high in May, S&P Global survey shows
WASHINGTON (Reuters) – U.S. business activity increased to a 13-month high in May, lifted by strong growth in the services…
BlackRock puts Italy head in charge of southern Europe
MILAN (Reuters) – BlackRock, the world’s biggest asset manager, has named Giovanni Sandri, its current head of Italy, as head…
Barclays hires McDavid as equities head from Morgan Stanley
LONDON (Reuters) -Barclays has appointed a Morgan Stanley veteran Scott McDavid as its new global head of equities, the British…
Fed’s Logan: Discount window operations need to keep pace with speed of banking
RICHMOND, Virginia (Reuters) – U.S. banks should be prepared to borrow regularly from the Federal Reserve’s discount window, while the…
IMF chief hopes U.S. debt ceiling deal will come before ’11th hour’
LONDON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday she hoped the world economy would not…
Top Israeli general says ‘action’ is on horizon over Iran nuclear work
By Dan Williams JERUSALEM (Reuters) – The top Israeli general raised the prospect of “action” against Iran on Tuesday even…
Auto parts retailer AutoZone misses Q3 sales estimates on inventory pile-up
(Reuters) – Auto parts retailer AutoZone Inc missed expectations for third-quarter net sales on Tuesday, as increased prices of automobile…