(Corrects show name to “Mornings” instead of “Morning” in last paragraph) WASHINGTON, Dec 16 (Reuters) – Both Kevin Warsh and Kevin Hassett are qualified to lead the Federal Reserve, U.S. Treasury Secretary Scott Bessent said on Tuesday, adding that any candidate President Donald Trump picks for the job needs to have “an open mind”. “They …
US Treasury’s Bessent says next Fed chair needs ‘an open mind’ Read More »
Dec 16 (Reuters) – U.S. business activity growth slowed in December to the weakest pace since June, with new orders sliding for both manufacturers and service providers to cap a year of volatility and uncertainty for the American economy, survey data showed on Tuesday. S&P Global said its “flash” – or preliminary – composite purchasing …
U.S. business activity growth hits 6-month low in December Read More »
Dec 16 (Reuters) – Wall Street’s main indexes slipped at the open on Tuesday after data broadly signaled a cooling U.S. economy, paving the way for more monetary policy easing by the Federal Reserve next year. The Dow Jones Industrial Average fell 36.4 points, or 0.08%, to 48,380.17 at the open. The S&P 500 fell …
Wall St slips at open as investors assess key jobs data Read More »
NEW YORK, Dec 16 (Reuters) – The pace of U.S. job growth rebounded in November after a drop in the prior month, but the unemployment rate increased to 4.6%, indicating the labor market continues to show signs of softening, while expectations the Federal Reserve was unlikely to cut rates in January remained largely unchanged. Nonfarm …
Job growth tops expectations in November, retail sales unchanged in October Read More »
Dec 16 (Reuters) – Ford’s $19.5 billion writedown tied to a reset of its electric-vehicle business highlights the mounting challenges for legacy automakers as they navigate waning demand and a changed regulatory backdrop, analysts said on Tuesday. The writedown was seen as the most visible sign to date of the auto industry’s pullback from a …
Ford’s $19.5 billion EV writedown signals tough road ahead for legacy carmakers Read More »
WASHINGTON, Dec 16 (Reuters) – U.S. retail sales were unexpectedly flat in October, though consumer spending appears to have remained on a solid footing at the start of the fourth quarter despite the rising cost of living that is forcing some households to scale back. The unchanged reading in retail sales reported by the Commerce …
US retail sales unexpectedly unchanged in October Read More »
By Mike Dolan Dec 16 – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The rare occurrence of a Tuesday U.S. payrolls report focuses markets’ attention back on the labor market against a backdrop of an ongoing retreat from top artificial intelligence stocks and hopes for a breakthrough …
Morning Bid: Jobs news, AI blues and falling oil Read More »
By Nora Eckert Dec 15 (Reuters) – Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand. The Dearborn, Michigan-based company said it …
Ford retreats from EVs, takes $19.5 billion charge as Trump policies grip industry Read More »
Dec 16 (Reuters) – The United States has closed a preliminary probe into 568,580 Hyundai Motor’s Palisade SUVs opened earlier this year over inadvertent unlatching of seat belts, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The auto safety regulator said Hyundai had already filed for a recall to address the issue, and as …
US closes probe into about 568,000 Hyundai vehicles over seat belt issue Read More »
Dec 16 (Reuters) – Global smartphone shipments are expected to decline 2.1% next year as rising chip costs are likely to impact demand, technology-focused market research firm Counterpoint said on Tuesday. Electronics supply chains around the world have been hit by a shortage of legacy memory chips in recent months as manufacturers turned their focus …
Rising chip costs to push global smartphone shipments down in 2026, Counterpoint says Read More »
