Reuters US Economy

By Moira Warburton WASHINGTON (Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he was not seeking public office as he met with a group of Democrats in the U.S. House of Representatives to discuss economic matters. Dimon told reporters he was not in Washington to discuss a possible political …

JPMorgan’s Jamie Dimon says he won’t seek office as he meets with US House Democrats Read More »

By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday raised interest rates by a quarter-point to an 11-year high, and warned that further tightening may be required to ensure that inflation returns to target. The hawkish message sent the local dollar surging and bond yields spiking, as markets quickly moved to price in an …

Australia cenbank warns of more hikes ahead after raising rates to 11-yr high Read More »

(Refiles with no change in text) (Reuters) -Twitter’s new Chief Executive Officer Linda Yaccarino has begun her role at the social media company, she tweeted late on Monday, about a month after Elon Musk named her as the new CEO. “It happened — first day in the books!,” she tweeted, without providing further details. Yaccarino, …

Twitter’s new CEO Linda Yaccarino logs first day in role Read More »

(Reuters) – GSK said on Tuesday that the U.S. Food and Drug Administration had granted file acceptance for its cancer drug, Jemperli, when combined with chemotherapy to treat adult patients with certain types of endometrial cancer. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D’Souza)

By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 ended lower on Monday as investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground. Apple Inc ended 0.8% lower after the world’s most valuable …

S&P 500 ends lower as traders eye potential pause in rate hikes Read More »

NEW YORK (Reuters) – Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted coffers quickly after the recent suspension of the debt limit. The Treasury General Account has fallen sharply since January when Treasury hit its limit on borrowing. Cash balance targets indicate it will …

Markets brace for deluge of Treasury bill supply after US debt deal Read More »

WASHINGTON (Reuters) – The U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, which could aid the Federal Reserve’s fight against inflation. Meanwhile, factory orders rose for a second straight month in April, but aside from a jump in …

US services sector softens, factory orders boosted by defense Read More »

BRASILIA (Reuters) – Changes to the Brazilian inflation targeting system should not be linked to how monetary policy is carried out, the central bank’s director of economic policy said on Monday, amid speculation of an imminent change in inflation goal timelines. Brazil has annual inflation targets, and if they are not met within a given …

Brazilian inflation targeting changes should not affect monetary policy, Guillen says Read More »