Reuters US Business

WASHINGTON (Reuters) -Data available even in the absence of delayed U.S. government employment reports tells a consistent story of weak hiring, bolstering the need for the Federal Reserve to cut rates even as other data points to solid economic growth, Fed Governor Christopher Waller said on Thursday. “Either GDP momentum comes down or the labor …

Fed’s Waller: Available data show ongoing labor weakness, bolstering rate cut case Read More »

By Yoruk Bahceli LONDON (Reuters) -Reserve managers tend to buy the dollar when it weakens and sell when it rises, suggesting they might play a lesser role in driving the greenback than private investors, Standard Chartered said in a note on Thursday. Demand from central banks managing trillions of dollars worth of currency reserves is …

FX reserve managers react to, not drive dollar moves, StanChart says Read More »

WASHINGTON (Reuters) -U.S. Federal Reserve Governor Stephen Miran said economic growth for the coming year could turn on whether the escalating risks around U.S.-China trade are realized or defused. “We will have to see how the next few weeks play out,” Miran said on Fox Business’s Mornings with Maria of China’s new restrictions on exports …

Fed’s Miran: Growth next year could hinge on how U.S.-China tensions are resolved – Fox Business Read More »

By Mike Dolan What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets A combination of ongoing optimism over the AI boom, impressive U.S. bank earnings and an upturn in U.S. business surveys all boosted world stock markets despite U.S.-China trade tensions and the U.S. government shutdown. After Dutch chip …

Morning Bid: AI fizzes and banks are buoyant Read More »

By Manya Saini (Reuters) -Auto parts maker First Brands’ bankruptcy has sent ripples through credit markets in recent weeks, casting a spotlight on the exposure of some of the world’s top financial institutions.  The company filed for bankruptcy protection late last month, listing more than $10 billion in liabilities, highlighting the scale of losses facing …

Mapping the scale of beleaguered First Brands’ debts and its creditors Read More »