Powell: Fed to keep hiking rates until it controls inflation
WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there…
Exclusive-ECB’s Lagarde Gives National Central Bank Chiefs Louder Voice On Policy
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank President Christine Lagarde has given national central bank…
The Tale of Two Retailers
Two of the World’s largest retailers, Home Depot (HD) and Wal-Mart (WMT) posted first-quarter results. The earnings and price action…
Lockheed-Raytheon JV Wins $309 Million Javelin Missile Contract From U.S. Army
(This May 16 story corrects headline and paragraph 1 to clarify contract was awarded to the JV, not Lockheed.) (Reuters)…
Powell: Fed Will “keep Pushing” Until Clear Inflation Is Declining
WASHINGTON (Reuters) – The Federal Reserve will “keep pushing” to tighten U.S. monetary policy until it is clear inflation is…
Strong U.S. Retail Sales, Manufacturing Output Boost Economic Outlook
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose strongly in April as consumers bought more motor vehicles amid…
Live updates | Ukraine official: 7 killed in Donetsk region
KYIV, Ukraine — Seven civilians have been killed in Ukraine’s eastern Donetsk region as a result of Russian attacks, the…
Traders Can Decide If Russian Commodities Deals Are Allowed -Swiss
By Michael Shields ZURICH (Reuters) – Trading houses can decide for themselves whether commodity deals with state-controlled Russian companies meet…
Walmart Profit Falls Short, Cuts Outlook, Hit By Higher Fuel And Labor Costs
By Uday Sampath Kumar and Siddharth Cavale (Reuters) -Walmart Inc reported a 25% drop in quarterly earnings and cut its…
JPMorgan Shareholders Reject Special Payout To CEO Dimon
NEW YORK (Reuters) – Only 31% of votes cast in a shareholder advisory referendum on Tuesday supported JPMorgan Chase &…