Reuters US Economy

By Sruthi Shankar and Shashwat Chauhan (Reuters) -European stocks fell on Thursday, with the benchmark STOXX recording its biggest single-day drop since early November as investors fled riskier assets after the U.S. Federal Reserve signalled a slower pace of interest rate cuts next year. The pan-European STOXX 600 index closed 1.5% lower, hitting a three-week …

Europe’s STOXX 600 clocks worst day in more than a month after Fed’s hawkish signal Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Barington Capital Management nominated its founder, James Mitarotonda, and two other executives with public board experience as director candidates at casket maker Matthews International. In addition to Mitarotonda, Barington nominated Ana Amicarella, who currently serves on the boards of Forward Air and Warrior Met Coal, and investment …

Barington nominates Mitarotonda and two others as directors at Matthews Read More »

By Juveria Tabassum (Reuters) – Lamb Weston trimmed its annual forecasts and replaced its CEO with insider Michael Smith on Thursday, following pressure from activist investor Jana Partners to revamp its top management or sell itself. Its shares tumbled 15% in early trading. They have lost about 28% this year amid the company’s struggles with …

Lamb Weston replaces CEO amid push from Jana as forecast cuts singe shares Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) -The end of the Federal Reserve’s interest rate-cutting cycle is suddenly in sight, and a complete U-turn with rate hikes next year can no longer be ruled out.     The Fed lowered the fed funds rate by 25 basis points on Wednesday to a target range of 4.25%-4.50%, as …

Fed’s hawkish cut fires up rate hike debate: McGeever Read More »

By Lewis Krauskopf and Suzanne McGee NEW YORK (Reuters) -The rally in U.S. stocks is encountering a fresh hurdle — a potentially problematic rise in Treasury yields as the Federal Reserve signals fewer interest rate cuts for 2025. The central bank’s rate outlook on Wednesday included only two cuts in the coming year, rather than …

Analysis-US stocks face headwind from rising yields after Fed signals fewer rate cuts Read More »

By Wayne Cole SYDNEY (Reuters) -New Zealand’s economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was slashed, a dire result that cements the case for more aggressive rate cuts. The shock news sent the local dollar to a fresh two-year low …

New Zealand sinks into recession, more rate cuts coming Read More »

NEW YORK/LONDON (Reuters) – Brazil’s real tumbled by the most in over two years to a fresh record low on Wednesday and stocks were also under pressure as financial markets put the Brazilian government’s spending plans and wide budget deficit to the test. The local currency hit its weakest-ever mark of 6.3139 to the dollar …

Brazil’s real hits record low as markets eye govt spending Read More »