Reuters US Economy

By Tom Sims, John O’Donnell and Matthias Inverardi FRANKFURT (Reuters) – German Chancellor Olaf Scholz is launching a fresh bid to tackle a property crisis as the country braces for recession and elections that could bolster the far right. The government has scheduled a meeting of politicians, ministries and industry representatives in Hamburg on Dec. …

Exclusive-German chancellor lines up fresh crisis talks with property titans Read More »

By Abigail Summerville NEW YORK (Reuters) – Private equity firm Clayton, Dubilier & Rice (CD&R) is exploring options including a sale of American Greetings that could value the 118-year-old greeting card maker at about $1.5 billion, including debt, according to people familiar with the matter. CD&R, which acquired a majority stake in American Greetings in …

CD&R explores sale of American Greetings, sources say Read More »

By Jody Godoy (Reuters) – The U.S. Federal Trade Commission will probe why grocery prices remain high even as costs for retailers fall, Chair Lina Khan said on Thursday, a key theme for the Biden-Harris administration as it heads towards the presidential election. Once the FTC votes to authorize the study, major grocery chains would …

US targets surging grocery prices in latest probe Read More »

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks kicked off August sharply lower after a round of economic data on Thursday spurred concerns the economy may be slowing faster than anticipated while the Federal Reserve maintains a restrictive monetary policy. Equities initially opened higher, buoyed in part by gains in Meta Platforms after its …

Stocks slump in August kick-off as data reignites slowdown worries Read More »

OTTAWA (Reuters) – Canadian federal government’s target for a bump in its controversial capital gains tax over the next five years will fall short by a tenth, according to an analysis released on Thursday by the parliamentary budget officer. Finance Minister Chrystia Freeland revealed a new tax on wealthy individuals in her budget in April …

Canada’s capital gains tax target falls short by C$2 billion, says budget officer Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – As the first U.S. interest rate cut in this cycle draws closer, long and short positions in the Treasury futures market, and overnight repo lending volumes, have never been higher. And these record numbers could get even bigger if the Fed can deliver a soft landing for the …

Column-U.S. Treasury futures in unchartered waters as Fed cuts loom: McGeever Read More »