Italian Industry Output Jump Allays Recession Fears
By Valentina Consiglio and Gavin Jones ROME (Reuters) -Italian industrial output was much stronger than expected in April, rising 1.6%…
Bets Rise On Bigger Fed Rate Hikes As Inflation Sears
By Ann Saphir and Lindsay Dunsmuir (Reuters) -Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will need…
Stocks Slide, Dollar Gains On Hot U.S. Inflation Data
By Herbert Lash NEW YORK (Reuters) -U.S. and European stocks slid while the dollar strengthened on Friday after hot U.S….
Russian Rouble Approaches Multi-year Highs After Rate Cut
(Reuters) -The rouble soared on Friday to its strongest level against the dollar since late May, close to multi-year peaks,…
Netflix Shares Slide As Goldman Downgrades On Grim Economic Picture
(Reuters) – Netflix Inc shares fell 5% on Friday after Goldman Sachs downgraded the streaming giant, which is facing a…
Small businesses are facing ‘summer of uncertainty’
NEW YORK (AP) — Small businesses that depend on outdoor crowds and free-spending tourists aren’t sure what to expect this…
Red-hot U.S. Inflation Hammers European Shares Amid Recession Fears
By Susan Mathew (Reuters) -European shares slumped 2.3% to hit three-week lows on Friday after U.S. inflation came in hotter…
Instant View: U.S. May CPI Rises On Soaring Gasoline, Food Prices
NEW YORK (Reuters) – U.S. consumer prices accelerated in May as gasoline prices hit a record high and the cost…
Dozens of S. Korean truckers detained in strike over wages
SEOUL, South Korea (AP) — South Korean police have detained several dozen truckers for blocking traffic and disrupting the movement…
Soaring Gasoline, Food Prices Boost U.S. Consumer Inflation In May
WASHINGTON (Reuters) – U.S. consumer prices accelerated in May as gasoline prices hit a record high and the cost of…