By Michael S. Derby (Reuters) -Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Thursday that last week’s central bank interest-rate cut was needed to help ensure that the job market remains in a good place. While the economy is currently in a pretty good spot relative to the Fed’s inflation and job …
Fed’s Schmid says rate cut was right move to offset job market risks Read More »
WASHINGTON (Reuters) -The U.S. trade deficit in goods contracted sharply in August amid a plunge in imports, government data showed. The goods trade gap narrowed 16.8% to $85.5 billion last month, the Commerce Department’s Census Bureau said on Thursday. Economists polled by Reuters had forecast the goods trade deficit shrinking to $95.2 billion. Imports of …
US goods trade deficit contracts sharply in August Read More »
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell last week, but the labor market has lost its luster amid an anemic pace of hiring. Initial claims for state unemployment benefits dropped 14,000 to a seasonally adjusted 218,000 for the week ended September 20, the Labor Department said on Thursday. Economists …
US weekly jobless claims fall, but labor market softening Read More »
SAO PAULO (Reuters) -Brazil’s central bank projected on Thursday that inflation will hover near the official goal in the first quarter of 2028, but still fail to meet it, according to the bank’s latest quarterly monetary policy report. After projecting earlier this month annual inflation at 3.4% for the first quarter of 2027, the relevant …
Brazil’s central bank sees inflation still missing target in early 2028 Read More »
(Reuters) -Canada’s BlackBerry raised its fiscal 2026 revenue forecast on Thursday, banking on strong demand for its cybersecurity software amid a rise in online hacking. Enterprises have been boosting their spending on software provided by cybersecurity companies such as BlackBerry to protect their digital infrastructure as the rapid advancement of artificial intelligence opens up new …
BlackBerry raises annual revenue forecast on resilient software spending Read More »
By Suzanne McGee (Reuters) -Fidelity Investments is rolling out a major upgrade to its trading platform on Thursday to meet the rapidly growing demand for new tools by self-directed individual investors. The new Fidelity Trader+ platform will offer real-time analytics, customizable charts and other features to the firm’s most active traders, a fast-evolving and growing …
Fidelity launches new trading platform for retail investors Read More »
By Fabian Cambero SANTIAGO (Reuters) -Chile will have a “responsible” 2026 budget with a limited increase while state-run Codelco, the world’s largest copper miner, seeks to recover from recent production problems, the country’s new finance minister told Reuters on Wednesday. In an interview at his office in Santiago, Nicolas Grau, appointed in August by his …
Chile to curb budget growth as Codelco ramps up recovery, minister says Read More »
By Anna Szymanski What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Wall Street looks set for a weak opening ahead of the bell on Thursday. Federal Reserve Chair Jerome Powell’s warning about stretched valuations has perhaps injected a bit of caution into markets, given the run-up in equities this …
By David Lawder WASHINGTON (Reuters) -President Donald Trump’s administration said on Wednesday it was formally implementing the U.S. trade agreement with the European Union, confirming that a 15% duty rate for EU autos and auto parts began on August 1 and listing tariff exemptions for generic pharmaceuticals, aircraft and aircraft parts. In a Federal Register …
US implements EU trade deal, 15% autos tariffs retroactive to Aug 1 Read More »
By Howard Schneider WASHINGTON (Reuters) -The massive tariffs proposed by President Donald Trump on “Liberation Day” in April put the U.S. dollar’s role as the world’s anchor currency at risk, while the administration’s eventual climbdown to more modest rates has likely left it secure, new economic research has concluded. The research found that the country’s …
Tariffs could weaken, but not yet reverse, the dollar’s reserve status, research shows Read More »
