Reuters US Business

By David French (Reuters) – The S&P 500 closed higher on Thursday, snapping a five-session losing streak, as investors pushed the index higher after interpreting data showing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow. Wall Street’s main indexes had come under pressure in recent …

S&P 500 snaps losing streak on jobless claims rise Read More »

By Andrea Shalal FORT WORTH, Texas (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday hailed fellow pioneers during the unveiling of the first U.S. banknotes printed with two women’s signatures, while calling for “much more” work to advance equity for women and minorities. Yellen, the first woman to head the Treasury and chair the …

Yellen honors pioneers as U.S. prints first banknotes with women’s signatures Read More »

By Diane Bartz WASHINGTON (Reuters) – The Biden administration filed a complaint on Thursday aimed at blocking tech giant Microsoft’s $69 billion bid to buy “Call of Duty” games maker Activision, over concerns the deal would deny rivals access to popular games. Microsoft, which owns the Xbox, said in January 2022 that it would buy …

U.S. seeks to stop Microsoft’s $69 billion bid for games maker Activision Read More »

WASHINGTON (Reuters) – The U.S. securities regulator on Thursday warned public companies to examine whether they need to disclose to investors any potential impacts from recent market volatility and bankruptcies in the cryptocurrency industry. In guidance to public companies, the Securities and Exchange Commission (SEC) detailed information that businesses may be required to share with …

U.S. SEC advises public companies on disclosing crypto impacts Read More »

FORT WORTH, Texas (Reuters) – The United States can avoid recession, given that there is no wage-price spiral and supply chain bottlenecks are starting to ease, U.S. Treasury Secretary Janet Yellen said on Thursday. “Recession is not inevitable,” Yellen told reporters after speaking at an event in Fort Worth, Texas, adding that recent movements in …

U.S. can avoid recession, Yellen says Read More »

MEXICO CITY (Reuters) – Mexico’s central bank’s monetary policy tightening cycle will likely end in the first half of 2023 with the benchmark interest rate at 11%, before policymakers start to gradually ease rates, a Franklin Templeton executive said on Thursday. Banxico, as the Mexican central bank is called, has increased the key rate by …

Bank of Mexico hiking cycle seen ending with key rate at 11% -Franklin Templeton Read More »

By David Shepardson and Tim Hepher WASHINGTON/PARIS (Reuters) -The U.S. Federal Aviation Administration said it has approved special conditions for the Airbus A321XLR after concerns were raised that a novel type of fuel tank could pose fire risks in its newest narrow-body jet. Rival planemaker Boeing told European regulators in 2021 the architecture of a …

U.S. approves conditions for Airbus A321XLR to address fire risks Read More »

(Reuters) – GameStop Corp posted a 9.4% fall in quarterly revenue on Wednesday as consumers cut back spending on discretionary items amid stubbornly high inflation. The company launched a digital wallet earlier this year to enable transactions in a marketplace it is building for gamers and others to buy, sell and trade non-fungible tokens, or …

GameStop posts 9.4% fall in third-quarter revenue Read More »

By Isabel Woodford and Anthony Esposito MEXICO CITY (Reuters) -Mexico’s financial system has a resilient and solid position, the country’s central bank said on Wednesday during the launch of its financial stability report, adding that certain vulnerabilities and risks seen during the pandemic have eased. Banxico, as Bank of Mexico is known, said “commercial banks …

Mexican financial system stable and resilient amid pandemic recovery -central bank Read More »