(Reuters) – Edgar Bronfman’s plans for Paramount Global include partnering with technology companies like Amazon.com or Apple to improve its streaming TV business, Bloomberg News reported on Saturday, citing people familiar with his thinking. (Reporting by Nilutpal Timsina in Bengaluru, editing by Deepa Babington)
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) -Brazil’s central bank chief said on Saturday that discussing monetary policy transmission will become increasingly difficult without addressing fiscal issues, citing the growing burden of public debt driven by expanded government spending. Speaking at the Kansas City Federal Reserve’s annual economic conference in Jackson Hole, Wyoming, Roberto Campos …
Brazil’s central bank chief warns fiscal issues impact monetary policy transmission Read More »
(Reuters) – NASA will return Boeing’s faulty Starliner capsule to Earth without astronauts Butch Wilmore and Suni Williams, who will return to Earth on a SpaceX vehicle early next year, NASA chief Bill Nelson said on Saturday. Starliner launched its first two astronauts, both former military test pilots, into space on June 5 as a …
Boeing’s Starliner to return uncrewed as NASA taps SpaceX for astronauts’ return Read More »
By Michael S. Derby (Reuters) – Federal Reserve holdings of mortgage bonds play a “central” role in how monetary policy affects the economy’s momentum, academics wrote in a paper to be presented at a central bank research conference Saturday. The paper takes stock of how the Fed uses increases and contractions in its holdings of …
Fed mortgage bond holdings play ‘central’ policy rule, paper says Read More »
By Andrew Hay TAOS, New Mexico (Reuters) – After two arson attacks at a Starbucks construction site in Taos, New Mexico, a developer is trying again to build the chain’s first drive-through cafe in the mountain town with a history of revolts and opposition by some to national chains. It did not take long for …
New Mexico Starbucks nicknamed ‘Charbucks’ after arson attacks Read More »
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – The Federal Reserve’s credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had to be earned afresh with interest rate hikes that backed up policymakers’ verbal promises to restore price stability, according to new research presented …
Fed’s actions spoke louder than words in inflation fight, research shows Read More »
By Karl Plume (Reuters) – Canada’s rail shutdown may still delay loading of some bulk grain ships at the country’s west-coast ports despite the government’s move to end a stoppage at the nation’s two largest railroads, traders and analysts said. At risk are more than 20 bulk cargo ships at or bound for British Columbia …
Canada rail shutdown may still delay western grain exports Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September. In highly anticipated comments before the Jackson Hole Economic Symposium, Powell said “the time has come” to lower the Fed …
Wall Street ends sharply higher as Powell cements September rate cut hopes Read More »
(Reuters) -Sales of new U.S. single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is recovering. New home sales jumped 10.6% to a seasonally adjusted annual rate of 739,000 units last month, the highest level …
US new home sales rise to highest level in more than a year Read More »
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – The imminent rate cuts planned by the U.S. Federal Reserve are “in line” with International Monetary Fund advice that has put a premium on ensuring inflation was controlled but now sees risks shifting toward the labor market, IMF economic counsellor Pierre-Olivier Gourinchas said on Friday. “What was …
IMF’s Gourinchas says right for US to cut rates though inflation risk not gone Read More »
