High labor costs fuel debate at Fed about what it means for inflation
By Howard Schneider WASHINGTON (Reuters) – As the U.S. economy reopened from the pandemic in 2021 and companies realized the…
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Scores of world figures urge Putin to free Navalny in open letter
(Reuters) – Scores of famous figures, including writers and actors, have signed an open letter urging Russian President Vladimir Putin…
Global elite heads to Milken event to talk banks, rates and recession
By Svea Herbst-Bayliss and Carolina Mandl NEW YORK (Reuters) – When Wall Street investors, dealmakers and chief executives meet in…
Wall Street ends sharply lower, Treasury yields slide as recession fears mount
(This April 25 story has been corrected to rectify the name of the firm to Morgan Stanley Investment Management, not…
After Reliance-Warner deal, JioCinema pricing, local content in focus
By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil MUMBAI (Reuters) – The video streaming business of Mukesh Ambani, Asia’s richest…
Mastercard seeks to expand crypto card tie-ups
By Elizabeth Howcroft LONDON (Reuters) – Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto…
Instant View: US March PCE price index shows high, but cooling, inflation
NEW YORK (Reuters) – U.S. consumer spending was unchanged in March, while underlying inflation pressures remained strong, data from the…
Factbox-U.S. state abortion legislation to watch in 2023
By Gabriella Borter and Sharon Bernstein (Reuters) – State legislatures are wrestling with how much to restrict or expand abortion…
Traders firm up bets on Fed rate hike in May
(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Friday firmed up bets the U.S. central…
Intel climbs as Wall St cheers early signs of recovery
(Reuters) – Intel Corp shares rose nearly 6% as the once-dominant chipmaker’s quarterly print indicated “baby step progress” in efforts…