Reuters US Business

By Saqib Iqbal Ahmed and Davide Barbuscia NEW YORK (Reuters) -The Federal Reserve’s decision to avoid signaling imminent rate cuts despite relentless political pressure underscores its prevailing caution and has forced investors to dial back expectations for an easing at the next policy meeting. The Federal Open Market Committee held interest rates on Wednesday in …

Fed’s reticence on rate cuts forces market to rethink outlook Read More »

By Anuja Bharat Mistry (Reuters) -Canada Goose posted a bigger-than-expected quarterly loss on Thursday, hit by higher costs from efforts to expand its retail presence and promotional campaigns that lifted demand for its puffer jackets and hoodies. The luxury goods maker’s collaboration with French designer Haider Ackermann and its push for fresh, fashion-forward styles have …

Canada Goose’s retail push, designer tie-up power sales as costs surge Read More »

WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting that the labor market remained stable, though it is taking longer for laid-off workers to find new opportunities. Initial claims for state unemployment benefits rose 1,000 to a seasonally adjusted 218,000 for the week ended July 26, the …

US weekly jobless claims rise marginally Read More »

(Reuters) -MPLX LP said on Thursday it will acquire Northwind Midstream for $2.38 billion in cash to expand its sour gas gathering and processing footprint in the Permian Basin, as producers ramp up drilling in New Mexico. Northwind, backed by Five Point Infrastructure, operates in Lea County, New Mexico, with a network spanning more than …

MPLX to buy Northwind Midstream for $2.38 billion to expand Permian sour gas footprint Read More »

(Reuters) -Kellanova missed Wall Street estimates for second-quarter profit on Thursday on softening demand for its ready-to-eat breakfast items and snacks including Pringles and Pop-Tarts, as macroeconomic uncertainty pressures consumer spending. WHY IT IS IMPORTANT Macroeconomic volatility due to U.S. President Donald Trump’s trade tariffs have impacted consumer spending in the United States, urging budget-conscious …

Kellanova misses quarterly profit estimates amid US consumer spending squeeze Read More »

By Lewis Jackson and Polina Devitt BEIJING/LONDON (Reuters) -The once-mighty premium U.S. copper enjoyed over the global benchmark slid on Thursday as markets clawed back months of gains in hours of frenzied trading after President Donald Trump surprised markets with pared-back tariffs. Trump said on Wednesday the United States would impose a 50% tariff on …

Trump’s watered-down copper tariffs crush Comex premium Read More »