Reuters US Business

By Ismail Shakil OTTAWA (Reuters) – A Canadian news industry body on Thursday lent support to some of Google’s concerns about a new law that aims to make large internet companies share advertising revenue with news publishers in the country. Alphabet’s Google has made a “good faith articulation of legitimate concerns” that the Canadian government …

Canada news industry body backs Google’s concerns about online news law Read More »

BUENOS AIRES (Reuters) -Argentina’s central bank raised the country’s benchmark interest rate to 133% from 118% on Thursday, it said in a statement, as the South American country battles triple-digit annual inflation. It came after a last minute decision not to raise the rate to 145% “following a leak,” after Reuters reported the higher figure, …

Argentina central bank raises interest rate to 133% as peso falters Read More »

By Jody Godoy and Luc Cohen NEW YORK (Reuters) -Jurors at Sam Bankman-Fried’s trial heard a recording on Thursday of Caroline Ellison telling employees of his Alameda Research hedge fund that Bankman-Fried had approved using money that belonged to customers of his FTX cryptocurrency exchange to pay off the fund’s loans. “With crypto being down …

Sam Bankman-Fried approved use of customer funds, Caroline Ellison says in recording Read More »

By Helen Coster NEW YORK (Reuters) – Digital World Acquisition Corp (DWAC), the blank-check acquisition company that plans to merge with former U.S. President Donald Trump’s social media firm, said on Thursday it would return to investors $533 million raised for a cash infusion in the deal, after some already backtracked on another $467 million …

SPAC returns remaining $533 million raise for Trump social media deal Read More »

By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes fell on Thursday after a U.S. Treasury auction sent bond yields higher while investors were already digesting data that showed consumer prices rose more than anticipated in September. Surging shelter costs pushed consumer prices higher last month while the annual increase in the …

Wall Street falls as Treasury yields rise, investors digest inflation data, Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Thursday said the latest inflation data underscores uneven progress toward restoring price stability, in comments that reiterated her view that the central bank may have to raise rates again to get price pressures back to the 2% target. …

Fed’s Collins says CPI data drives home uneven progress on restoring price stability Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased in September amid a surprise surge in rental costs, but a steady moderation in underlying inflation pressures supported financial market expectations that the Federal Reserve would not raise interest rates next month. The report from the Labor Department on Thursday showed the annual increase in …

Surging rents lift US consumer prices; underlying inflation grinding lower Read More »

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials throughout this year had pinned their hopes for falling inflation in part on an expected easing of U.S. housing price increases that would flow from their sharp interest rate hikes, and the data had largely followed suit. That changed in September when U.S. central bank officials themselves …

Housing remains a puzzle in Fed’s inflation fight Read More »

MARRAKECH, Morocco (Reuters) – International Monetary Fund managing director Kristalina Georgieva on Thursday said the Israel-Hamas conflict was “heartbreaking” and threatened to darken the already tepid global economic outlook. “We are closely monitoring how the situation evolves, how it is affecting, especially oil markets,” Georgieva said. She said there had been some fluctuations in oil …

Israel-Hamas conflict is ‘new cloud’ darkening economic outlook -IMF chief Read More »