WASHINGTON (Reuters) – An apparent rebound in the residential housing market could impact the Federal Reserve’s inflation fight, with home prices “leveling out” even as the U.S. central bank awaits the impact of falling rents on headline inflation data, Fed Governor Michelle Bowman said on Wednesday. “We expect lower rents will eventually be reflected in…
By Praveen Menon, Min Zhang and Fransiska Nangoy (Reuters) – Chinese tycoon Xiang Guangda has to find a way to bail his Tsingshan Holding Group out of a crisis after its bet on nickel prices backfired, fuelling more volatility in a metal essential for the electric vehicles industry. One of the world’s top nickel producers…
(Reuters) – Federal Reserve Chair Jerome Powell will deliver a talk on the economic outlook on Aug. 25 at the central bankers’ confab held each year in Jackson Hole, Wyoming by the Kansas City Fed, the U.S. central bank said on Thursday. The speech, set for 10:05 am ET, will provide a chance to give…
By Blake Brittain and Brendan Pierson NEW YORK (Reuters) -Ed Sheeran’s 2014 hit “Thinking Out Loud” did not unlawfully copy from Marvin Gaye’s classic 1973 song “Let’s Get It On,” a jury decided on Thursday in a closely watched copyright lawsuit – a verdict that the British pop star said would help protect the creative…
LONDON (AP) — British Airways said Tuesday that it’s suspending sales of short-haul flights from London’s Heathrow Airport, a response to the airport’s request to limit bookings to help ease travel disruptions caused by booming demand and staff shortages. The suspension applies to new bookings for domestic U.K. and European destinations departing from Heathrow, Britain’s…
By Lananh Nguyen, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Large U.S. banks have managed their exposure to Credit Suisse in recent months and view risks from the lender as contained so far, according to three industry sources on Wednesday who declined to be identified because of the sensitivity of the situation. The…
By Sharon Bernstein (Reuters) – A day after all five women in the South Carolina state senate banded together to block a proposed abortion ban, Republican Senator Sandy Senn posted a picture of the group on her Facebook page calling the three Republicans, one Democrat and one Independent “united and unstoppable.” The senators came together…
By Laura Sanicola (Reuters) – Oil prices settled lower after choppy trading on Thursday, rising as much as $1 a barrel after a Russian ban on fuel exports snatched the focus from Western economic headwinds that had pushed prices down $1 a barrel early in the session. Brent futures for November delivery settled down 23…
WASHINGTON (AP) — Pushing back against critics, a key nominee to the Federal Reserve’s Board of Governors said Thursday before a Senate panel that she would not make it more difficult for any industry to obtain bank loans. President Joe Biden nominated Sarah Bloom Raskin, a former Fed governor and deputy Treasury Secretary, to be…
By Sharon Bernstein (Reuters) – Republican lawmakers in North Carolina said on Tuesday they had reached agreement on a plan to limit most abortions to the first trimester of pregnancy, a sharp drop from the state’s current limit of 20 weeks gestation. If passed, the proposed legislation would reverberate beyond North Carolina, limiting options for…
