WASHINGTON (Reuters) – U.S. retail sales surged in October, likely as Americans started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at the start of
Home »
U.S. retail sales beat expectations in October
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October, likely as Americans started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at
Renaissance, other big hedge funds increase stakes in Tesla in third quarter
FILE PHOTO: A Tesla model 3 car is seen in their showroom in Singapore October 22, 2021. REUTERS/Edgar SuNEW YORK (Reuters) – Renaissance Technologies, Aristides Capital and Adage Capital Partners were among large U.S. hedge funds that boosted their stake
Wall Street advances, powered by big tech
NEW YORK (Reuters) – Wall Street gained on Friday with market-leading growth stocks helping the indexes resume their climb as investors shrugged off disappointing economic data.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in
Fed sings the 'transitory' inflation refrain, unveils bond-buying 'taper'
WASHINGTON (Reuters) – The Federal Reserve threw its weight back behind the drive for a full U.S. jobs recovery on Wednesday, restating its belief that current high inflation is “expected to be transitory” and, despite risks to that view, arguing
Wall Street mints record highs, helped by strong earnings; Fed up next
(Reuters) – Wall Street’s main indexes rose on Tuesday to record highs as a strong earnings season continued to lift sentiment for equities, while investors were looking ahead to the outcome of a critical Federal Reserve meeting.FILE PHOTO: Traders work
Inflation, wage data, challenge Fed 'transitory' narrative
WASHINGTON (Reuters) – Price and wage increases running at multi-decade highs may challenge Federal Reserve officials this week as they try to maintain a balance between ensuring inflation remains contained and giving the economy as much time as possible to
Delta variant hampers U.S. growth in third quarter; labor market strengthening
WASHINGTON (Reuters) – The U.S. economy grew at its slowest pace in more than a year in the third quarter as a resurgence in COVID-19 infections put more strain on global supply chains, leading to shortages of goods like automobiles
U.S. Treasury names former JP Morgan executive as racial equity czar
FILE PHOTO: The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg/File PhotoWASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen has named Janis Bowdler, a Latina activist and former head of the philanthropic arm of JP Morgan Chase,
U.S. economy grew at "modest to moderate" rate: Fed's Beige Book
FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque/File Photo(Reuters) – The U.S. economy grew at a “modest to moderate” rate in September and early October, as the latest