By Caroline Valetkevitch NEW YORK (Reuters) – Investors worried the U.S. could be on the brink of a recession may be relieved by some early comments from company executives this earnings season suggesting demand remains strong and any potential downturn will likely be mild. American Express Co’s chief financial officer was among the latest to…
By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on Friday, after last year’s hefty outflows as pension funds and other investors navigated a banking crisis and faced fresh fears of an economic downturn. It was the first quarterly inflow…
WASHINGTON (Reuters) – A senior U.S. sanctions official is alerting European countries to Russian efforts to acquire certain sanctioned goods, as Washington seeks to root out sanctions evasion by Moscow. Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson is visiting Switzerland, Italy, Austria and Germany this week, where he is meeting…
By Valerie Insinna and Brenda Goh WASHINGTON/SHANGHAI (Reuters) -China’s aviation regulator has published a report that Boeing views as a key step for the U.S. planemaker to resume deliveries of its 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes. Boeing has more than 130 completed MAX…
WASHINGTON (Reuters) – No decision yet has been made to evacuate American diplomatic personnel from Sudan but the United States is preparing for such an eventuality if it becomes necessary, the White House said on Friday. John Kirby, the White House national security spokesperson, said that for all American citizens in Sudan, they must “make…
(Reuters) – A Russian official warned on Friday of an “uncontrollable” arms race involving multiple nuclear powers, the state-owned RIA news agency said. “In essence, we are witnessing a missile arms race with consequences that are hard to predict. Tens of billions of dollars are being invested in improving missile technology. This process is taking…
RAMSTEIN AIR BASE, Germany (Reuters) – The U.S. decision to provide Ukraine with 31 advanced M1A2 Abrams tanks will make a difference in the war but is no silver bullet, U.S. Army General Mark Milley, chairman of the Joint Chiefs of Staff, said on Friday. Milley’s remarks came as the United States announced that Abrams…
(Reuters) – Alphabet Inc’s Google said on Friday it will update Bard, its generative artificial intelligence (AI) chatbot, to help people write code to develop software, as the tech giant plays catch-up in a fast-moving race on AI technology. Last month, the company started the public release of Bard to gain ground on Microsoft Corp. The…
(Reuters) -U.S. Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal losses on securities they hold, the Wall Street Journal reported on Friday, signaling a retightening of bank oversight is in the cards following last month’s failures of Silicon Valley Bank and Signature Bank. If approved, the move spearheaded…
By Jessica DiNapoli NEW YORK (Reuters) – Doing laundry is a drag. But after two years of price hikes on detergent, U.S. consumers may finally get some relief as Procter & Gamble Co deepens discounts on Tide, one of its biggest brands, according to a Reuters analysis of NielsenIQ data. Makers of consumer products like…
