Global rate cutting cycle picking up pace
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Interest rate cuts from major central banks are well underway, with…
US producer prices rise slightly above expectations in August
WASHINGTON (Reuters) – U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the…
US household wealth hits record $163.8 trln on real estate gains
(Reuters) – U.S. household wealth rose last quarter to $163.8 trillion, a fresh record, driven by gains in real estate…
Senior US House Republican calls for talks with Democrats as shutdown looms
By Moira Warburton WASHINGTON (Reuters) – A senior U.S. House Republican said on Thursday that his party needs to begin…
ECB policymakers see October cut as unlikely
FRANKFURT (Reuters) – European Central Bank policymakers see an interest rate cut in October as unlikely, barring a major deterioration…
EU rejects minimum price offers from Chinese EV exporters
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission said on Thursday it had received offers from electric vehicle makers in…
US Treasury reports $380 billion August budget deficit
WASHINGTON (Reuters) – The U.S. Treasury on Thursday reported a $380 billion federal budget deficit for August, a massive shift…
IMF says appropriate for U.S. Fed to start easing cycle as economy slows
WASHINGTON (Reuters) – The International Monetary Fund said on Thursday it was appropriate for the U.S. Federal Reserve to begin…
Factbox-More than 350,000 customers without power in Louisiana due to storm Francine
(Reuters) – Over 350,000 homes and businesses in Louisiana were left without power on Thursday after Hurricane Francine barrelled onto…
Microsoft says productivity software suite recovering after outage
(Reuters) -Microsoft said its cloud-based software suite was recovering after an outage impacted thousands of its users on Thursday. “We’ve…