Reuters US Economy

Online furniture retailer Wayfair surges as upbeat results ease tariff jitters

28 Oct 2025

By Prerna Bedi (Reuters) -Wayfair shares soared nearly 23% on Tuesday, as the U.S. online furniture retailer’s third-quarter results and upbeat forecasts allayed investor worries over the impact of the latest tariffs.  Furniture retailers have struggled to gauge consumer appetite as housing demand has been uneven amid economic uncertainty. U.S. President Donald Trump’s 50% duty …

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Brazil plans to attach spending control measures to existing bill in Congress

28 Oct 2025

BRASILIA (Reuters) -Brazil’s Finance Minister Fernando Haddad said on Tuesday the government expects spending control measures to be included in a bill already under discussion in Congress, after a broader fiscal proposal containing those provisions expired. President Luiz Inacio Lula da Silva’s government had indicated the measures, which include tighter controls on certain social benefits …

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Argentine assets cheer Milei’s election victory with massive rally

27 Oct 2025

By Rodrigo Campos and Libby George NEW YORK/LONDON (Reuters) -Argentina’s bonds, stocks and currency rose sharply on Monday after President Javier Milei’s party won a decisive victory in Sunday’s midterm election, a key requisite to keep economic reforms on track and a U.S. financial backstop in place. International bonds rallied between 7 and 13 cents …

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Large rates market trade envisions end of Fed balance sheet unwind

27 Oct 2025

By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) -A sizable block trade in the U.S. rates market late last week appeared to be positioning ahead of the Federal Reserve’s expected announcement to finally end its long-running balance sheet reduction program, known as quantitative tightening (QT). CME Group data showed a huge block trade last …

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Malta cuts taxes for parents in bid to revive native birth rate

27 Oct 2025

VALLETTA (Reuters) -Malta announced tax cuts for parents of two or more children on Monday, in a government bid to counter its demographic decline. Finance Minister Clyde Caruana told parliament that the rock-bottom fertility rate of the Mediterranean island’s native population was the “biggest challenge” facing the country. “We need to encourage more families to …

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European shares close at record highs as signs of thaw in US-China tensions build

27 Oct 2025

By Sukriti Gupta and Purvi Agarwal (Reuters) -European shares closed at record highs for the third consecutive session as signs of easing Sino-U.S. trade tensions buoyed global risk appetite, while declines in healthcare shares limited gains. The continent-wide STOXX 600 index closed up 0.2%, while other major regional indexes were flat to slightly higher. Italy’s …

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American Water to fortify US presence with Essential Utilities deal

27 Oct 2025

(Reuters) -American Water Works on Monday agreed to buy Essential Utilities in an all-stock deal to create a combined company worth $63 billion, including debt, strengthening its position as the top regulated water utility in the country. The combined company will serve 4.7 million connections across 17 states, with American Water entering Texas, North Carolina …

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Copper to hold gains in 2026 as mine disruptions fuel deficit: Reuters poll

27 Oct 2025

By Eric Onstad and Noel John LONDON/BENGALURU (Reuters) -Analysts have hiked their price forecasts for copper next year after a series of mine disruptions fuelled worries about shortages and market deficits, a Reuters poll shows.. Benchmark copper on the London Metal Exchange hit its strongest in more than 16 months earlier in October after news …

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Investor reaction to Milei’s victory in Argentina midterm congressional vote

27 Oct 2025

NEW YORK/LONDON (Reuters) -Argentina’s President Javier Milei won a surprise victory in legislative elections on Sunday, boosting the libertarian leader’s free-market reforms and deep austerity efforts. The president’s party, La Libertad Avanza, took 41.5% of the vote in Buenos Aires province compared with 40.8% for the Peronist coalition, according to official results. The province has …

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Pakistan central bank holds interest rate at 11% for fourth time in a row

27 Oct 2025

By Ariba Shahid and Asif Shahzad KARACHI (Reuters) -Pakistan’s central bank kept its key interest rate unchanged at 11% on Monday, it said on its website, a fourth straight hold, as recent floods had a milder-than-expected impact on crops and inflation while growth and reserves continued to improve. The State Bank of Pakistan said the …

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