Economy

Economy News

Asian stocks fall on nagging Fed rate hike worries

By Sam Byford (Reuters) – Asian stocks tracked Wall Street losses and the yen fell on Friday as investors remained filled with uncertainty over how aggressively the Federal Reserve would.

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Economy News

Fed’s Mary Daly says it’s too early to ‘declare victory’ over inflation – FT

(Reuters) -San Francisco Federal Reserve Bank President Mary Daly warned it is far too early for the U.S. central bank to “declare victory” in its fight against inflation, the Financial.

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Economy News

Softer inflation ‘huge relief’ for battered investors in U.S. stocks and bonds

By Saqib Iqbal Ahmed and Davide Barbuscia NEW YORK (Reuters) -Softer than expected U.S. inflation data buoyed investors’ faith that twin rebounds in stocks and bonds will persist in a.

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Marketmind: Fed doesn’t see enough swallows for summer

A look at the day ahead in markets from Alun John Fed policymakers surged out of the traps last night, telling markets not to get too excited by the cooler-than-expected.

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Economy News

Mexico issues measures to mitigate high costs of train cargo as inflation soars

MEXICO CITY (Reuters) -Mexico’s government on Wednesday said it had issued so-called “emergency directives” for the transportation via train of products in a staple basket of goods with the aim of mitigating high.

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Economy News

Disney tops Netflix on streaming subscribers, sets higher prices

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney Co edged past Netflix Inc (NASDAQ:NFLX) with a total of 221 million streaming customers and announced it will increase.

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Economy News

France expects wine production rebound but drought threatens

PARIS (Reuters) – Wine production in France is expected to rebound this year from frost-hit output in 2021, although deepening drought may curb volumes, the country’s farm ministry said on.

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Continental expects stronger demand after ‘hurricane’ headwinds in Q2

BERLIN (Reuters) -Continental expects higher auto production in the second half of the year as supply chains and semiconductor availability improve, the company said on Tuesday, after reporting a heavy.

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Economy News

Rating agencies expect U.S. spending bill to cut inflation, deficit over time

By Kanishka Singh WASHINGTON (Reuters) – A sweeping bill passed by the U.S. Senate on Sunday and intended to fight climate change, lower drug prices and raise some corporate taxes,.

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Economy News

Foxconn to build autonomous electric tractors at Ohio facility

By Bianca Flowers (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker, on Tuesday said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio.

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