The Fed's preferred inflation measure stayed high in July — and consumers are continuing to spend
US inflation may have remained elevated in July, but consumers just wanted to have some fun.
2023-08-31 21:55
McLaren Applied's Lavoie buys bankrupt Dutch e-bike maker VanMoof
By Nick Carey and Toby Sterling LONDON/AMSTERDAM (Reuters) -Lavoie, the electric scooter unit of Formula One engineering and technology firm
2023-08-31 21:53
Fed expected to hold interest rates steady next month
Traders kept bets the Federal Reserve will leave its benchmark interest rate in its current range of 5.25%-5.5%
2023-08-31 20:53
Dollar General cuts annual forecasts on weak traffic, discretionary spending slowdown
Dollar General cut its annual sales and profit forecasts on Thursday, hurt by a decline in store traffic
2023-08-31 19:46
Sage Therapeutics to cut 40% of jobs after depression drug setback
Sage Therapeutics said on Thursday it would cut its workforce by about 40%, weeks after the U.S. health
2023-08-31 18:59
Euro zone inflation unexpectedly steady in August but core drops
FRANKFURT Euro zone inflation held steady this month but underlying price growth fell as expected, a mixed picture
2023-08-31 18:57
California case could deal blow to high-interest online lenders
By Jody Godoy A California judge is poised to decide if an online lender offering small loans at
2023-08-31 18:27
Sri Lanka's key inflation rate eases to 4% in August
COLOMBO Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics
2023-08-31 17:51
South Africa producer inflation slows to 2.7% y/y in July
JOHANNESBURG South Africa's producer inflation slowed to 2.7% year on year in July from 4.8% in June, statistics
2023-08-31 17:47
Thailand's economic recovery on track but exports weigh
BANGKOK Thailand's economic recovery remained on track in July as private spending increased and the tourism sector expanded
2023-08-31 17:27
Inflation in Europe stuck at 5.3% in August
Consumer prices in the 20 countries that use the euro rose 5.3% on average this month compared with a year ago, preliminary estimates by Europe's statistics office showed Thursday.
2023-08-31 17:25
UBS to cut 3,000 jobs after Credit Suisse takeover
The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.
2023-08-31 17:16