Reuters US Business

By Lewis Krauskopf and David Randall NEW YORK (Reuters) – An already-murky outlook for U.S. stocks and bonds is growing darker, as sizzling inflation ratchets up expectations for how aggressively the Federal Reserve will need to raise rates. For weeks, investors had debated whether the full extent of Fed hawkishness had been priced into markets, …

Analysis-Wall St outlook darkens as grim inflation report tees up more Fed hawkishness Read More »

By Hilary Russ SEATTLE (Reuters) – Starbucks is introducing technology to speed up production of its increasingly popular cold beverages and send digital orders away from busy locations, the company said on Tuesday as it seeks to prevent U.S. cafes from being overwhelmed by orders and improve working conditions for employees. A surge in digital …

Starbucks exploring tech to ease high U.S. demand, worker stress Read More »

By Stephen Culp NEW YORK (Reuters) – A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. All three major U.S. stock indexes veered sharply lower, snapping four-day winning streaks and notching their …

Wall St tumbles to biggest loss in two years following CPI data Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday. The surprisingly firm inflation readings reported by the Labor Department on Tuesday were despite …

Stubbornly high rents, food prices boost U.S. inflation in August Read More »

(Reuters) -The Federal Open Market Committee, the Federal Reserve’s policy-setting committee, is likely to raise its short-term interest rate target by a full percentage point at its policy meeting next week, because of the emergence of upside inflation risks, Nomura analysts said on Tuesday. Traders have been ramping up their 100 basis point bets all …

Nomura calls for 100 bps Fed hike in September as speculation rises Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The U.S. inflation report for August has landed, and the previously unthinkable is now a possibility: could the Fed raise rates by 100 basis points next week? It is something that U.S. rates futures traders attached as much as a 35% …

Goodbye 50, hello … 100? Read More »

By Renju Jose and Lewis Jackson SYDNEY (Reuters) -Star Entertainment Group, Australia’s second biggest casino operator, has been found unfit to hold a casino licence in Sydney after an inquiry into alleged breaches of anti-money laundering laws and criminal infiltration released its report. Australia’s New South Wales (NSW) state gambling regulator on Tuesday said the …

‘Frankly shocking’: Inquiry says Star unfit to hold Sydney casino licence Read More »

By Hadeel Al Sayegh DUBAI (Reuters) – Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff in the wake of the Russia-Ukraine war. BofA has moved some of its staff recently and is in the …

Bank of America moves some of its Russia-based bankers to Dubai – sources Read More »

HELSINKI (Reuters) – Finnish forestry group Stora Enso said on Tuesday it would sell its Maxau paper production site in Germany to Schwarz Group, the owner of discount supermarket chains Lidl GB and Kaufland. The transaction is part of Stora Enso’s plan to divest four of its five remaining paper production sites as it shifts …

Stora Enso sells paper mill to German Lidl owner Schwarz Group Read More »