Business
Why the Bank of Canada decided to hold interest rates in April
Divisions within the Bank of Canada over the timing of a much-anticipated cut to the key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face ...
UK retail sales slide in April, early Easter may be partly to blame: CBI
LONDON (Reuters) - British retailers suffered their worst April for sales since 2020, when the country was in its first COVID-19 lockdown, although the timing of the Easter holidays could be to blame, a survey showed on Thursday. The ...
Confounding US economic, inflation data muddy Fed's rate path
By Howard Schneider (Reuters) - The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with companies and ...
Futures falter as Meta Platforms weighs on megacaps
(Reuters) - U.S. stock index futures fell on Thursday, as shares of most megacap growth stocks took a beating after dour quarterly results from Meta Platforms, ahead of more economic data in the week that could influence the Federal Reserve's ...
US SEC expected to deny spot ether ETFs next month, industry sources say
By Suzanne McGee and Hannah Lang (Reuters) - U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with ...
UPS, FedEx transition to electric vans slowed by battery shortages, low supply
By Lisa Baertlein, Abhirup Roy and Nick Carey LOS ANGELES/SAN FRANCISCO (Reuters) - UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers and make a dent in the country's ...
Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?
By Echo Wang NEW YORK (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear. Shares of the company that operates former U.S. President Donald Trump's ...
Kenyan government recommends regulating, not banning, TikTok
By Duncan Miriri NAIROBI (Reuters) - Kenya's government has advised lawmakers against banning TikTok over concerns about content shared on the platform, and instead recommended stricter oversight by regulators. A panel in parliament has been ...
Analysis-The yen has a yield problem the BOJ can't easily fix
By Brigid Riley TOKYO (Reuters) - As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy changes, traders figure there is not much Tokyo can do to reverse the currency's slide while interest rates and ...
Holcim positive on U.S. demand after Q1 profit beat
By John Revill ZURICH (Reuters) -Holcim expects strong demand in North America to continue this year, the building materials and cement maker said on Thursday, after beating first-quarter profit forecasts. "In North America we had a few less ...