More hawkish Fed policy committee may increase dissent in 2025
By Ann Saphir (Reuters) – A slightly more hawkish set of Federal Reserve regional bank presidents will become voters on…
Day: December 19, 2024
Biden confirms that he will ‘of course’ attend Trump’s inauguration
WASHINGTON (Reuters) – U.S. President Joe Biden said he would “of course” attend Donald Trump’s presidential inauguration next month, personally…
IMF says Fed taking appropriate action on rates given high US uncertainty
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund views Wednesday’s Federal Reserve interest rate cut and adoption of…
US mortgage rates rise after three straight weekly declines
WASHINGTON (Reuters) – U.S. mortgage rates increased this week following three straight weekly declines and could rise further after the…
US asks Nvidia to probe how its chips ended up in China, Information reports
(Reuters) -The U.S. Department of Commerce has recently asked Nvidia to look into how the company’s products ended up in…
Nike profits and sales beat forecasts, shares surge 11%
(Reuters) – Nike beat quarterly profit expectations and posted a smaller-than-expected drop in revenue on Thursday, as customers flocked to…
Texas launches billboard campaign in Mexico to deter migrants
By Ted Hesson (Reuters) – Texas is launching a visceral billboard campaign in Mexico and Central America to deter illegal…
FedEx to spin off its less-than-truckload freight business
(Reuters) -FedEx announced the much-anticipated spinoff of its less-than-truckload freight division on Thursday, as it looks to restructure its operations…