Reuters US Business

By Chuck Mikolajczak NEW YORK, Dec 5 (Reuters) – U.S. stocks closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut next week intact. In the wake of the 43-day government shutdown, market participants have been digesting delayed …

Wall St closes with slight gains as data keeps Fed cut expectations on track Read More »

By David Shepardson WASHINGTON, Dec 5 (Reuters) – Alphabet unit Waymo said Friday it would issue a recall for its self-driving vehicles after Texas officials said they illegally passed school buses at least 19 times since the start of the school year. The National Highway Traffic Safety Administration, which opened a probe in October into …

Waymo to issue recall over self-driving vehicles driving past stopped school buses Read More »

By Douglas Gillison WASHINGTON, Dec 5 (Reuters) – The U.S. Consumer Financial Protection Bureau will next week convene its expert consumer advisory panel to discuss ending anti-discrimination policies, and a recent proposal to narrow civil-rights-era fair lending regulations, among other recent policy changes, according to an agenda seen by Reuters. The gathering of its Consumer …

Mortgage, buy-now, pay-later firms to address US consumer watchdog panel Read More »

Dec 5 (Reuters) – Morgan Stanley said on Friday it now expects the U.S. Federal Reserve to deliver a quarter-percentage point rate cut in December, joining peers J.P.Morgan and BofA Global Research, following dovish remarks from central bank policymakers. All three brokerages previously expected the Fed to hold rates steady in December. Softer U.S. economic …

Jumped the gun, says Morgan Stanley; reverses Dec Fed rate call to 25bps cut Read More »

By Lucia Mutikani WASHINGTON, Dec 5 (Reuters) – U.S. consumer spending increased moderately in September after three straight months of solid gains, suggesting a loss of momentum in the economy at the end of the third quarter as a lackluster labor market and rising cost of living curbed demand. The report from the Commerce Department …

US consumer spending slows in September as high prices curb demand Read More »

By Jody Godoy Dec 5 (Reuters) – Some members of Congress on Friday deemed Netflix’s $72 billion proposed acquisition of Warner Bros Discovery’s studios and streaming unit an antitrust “nightmare” for consumers and creatives, while the company touted the deal as driving value for viewers, workers and shareholders. Netflix said the deal would create jobs …

Netflix-Warner Bros deal faces political pushback even as company touts benefits Read More »

Dec 5 (Reuters) – Wall Street’s main indexes had a subdued open on Friday as investors avoided large bets and awaited a long-delayed key inflation report that could shape the Federal Reserve’s policy path. The Dow Jones Industrial Average rose 28.7 points, or 0.06%, at the open to 47,879.6. The S&P 500 rose 9.2 points, …

Wall St subdued at open as investors await key inflation report Read More »