By Michael S. Derby, Ann Saphir (Reuters) -Federal Reserve policymakers, fresh from an interest rate cut this week, fleshed out on Friday the case for reducing borrowing costs more slowly next year as they assess progress in lowering inflation and the impact of tariffs and other policies promised by President-elect Donald Trump. San Francisco Fed …
Fed policymakers see slower rate-cut path next year Read More »
By Anuja Bharat Mistry (Reuters) -Cruise operator Carnival Corp forecast strong bookings for 2025 ahead of the busy summer travel season, riding the wave of strong spending on experiences even as prices increase, sending its shares up about 5% on Friday. The resilient demand for cruise vacations also helped Carnival post better-than-expected profit and sales …
Carnival forecasts robust 2025 bookings as cruise demand booms Read More »
(Reuters) -U.S. President-elect Donald Trump has moved the stake he owns in Trump Media & Technology to a revocable trust. Trump transferred 114.75 million shares, or 53% of Trump Media & Technology’s outstanding stock, to the revocable trust of which he is the sole beneficiary, according to securities filings. His stake in the company was …
Trump transfers his stake in Trump Media to revocable trust Read More »
(Reuters) – President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts and credits at accelerating America’s transition to a green energy economy. The Congressional Budget Office expects the cost to swell above $800 billion …
(Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Friday he now projects a shallower rate-cutting path in 2025 than he had previously, but added he still believes the U.S. central bank’s policy rate will fall a “judicious amount” next year. “The uncertainty about policy makes it particularly hard to make estimates of what …
Fed’s Goolsbee says policy uncertainty led to his shift on rate-cut path Read More »
By Arriana McLymore, Nathan Frandino and Greg Bensinger NEW YORK/SAN FRANCISCO (Reuters) -Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush as workers protest what they say is the retailing giant’s unfair treatment of its employees. Warehouse workers in cities including New York, Atlanta and San …
Amazon workers strike at seven US facilities ahead of Christmas rush Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Friday he expects the central bank to deliver more interest rate cuts but noted that what happens will be driven by incoming data, amid a policy that is still providing restraint on the economy’s momentum. Even with …
Fed’s Williams says Fed remains on track for cuts, amid uncertain outlook Read More »
By Andrew Silver SHANGHAI (Reuters) – As Novo Nordisk and Eli Lilly expand sales of their popular diabetes and weight-loss drugs, cheaper copies of their patented remedies are winning approval from some regulators overseas, posing a threat to the pharma giants’ prices and market share. Since Novo’s blockbuster Ozempic diabetes treatment was approved in the …
In weight loss battle, Novo and Lilly face growing offensive from licensed copies Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said Friday she voted against the central bank’s rate cut earlier this week because economic strength and the inflation outlook argued against easing policy. With monetary policy “not far” from a neutral stance, Hammack said she wants monetary policy to …
Fed’s Hammack says economic strength argued against rate cut Read More »
(Reuters) -The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November, marking a cooler inflation picture than October’s unrevised 0.2% gain, and, combined with solid but disappointing consumer spending, supported markets struggling with the Federal Reserve’s “hawkish’ rate cut this week. The Commerce Department also reported on Friday that in the year …
