By Michael S. Derby NEW YORK (Reuters) – Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in th[...]
Read more
US
Fed reverse repo facility hits record $2.554 trillion
By Michael S. Derby NEW YORK (Reuters) – A key facility the Federal Reserve uses to help control short-term interest rates saw record inflows on Friday, the final trading day of the year. The Ne[...]
Read more
U.S. dollar down, still set for best year since 2015
By Hannah Lang WASHINGTON (Reuters) – The dollar was on track to post its best year since 2015 on Friday in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a[...]
Read more
Stumbling Treasury rally clouds bond market outlook for 2023
By Davide Barbuscia NEW YORK (Reuters) – U.S. government bond investors hurting after the biggest annual decline in the history of the asset class are riding out yet another selloff, as worries[...]
Read more
First pre-trial hearing in Microsoft-Activision case set for Jan. 3
WASHINGTON (Reuters) – A judge has set Jan. 3 for the first pre-trial hearing in the Biden administration’s case against Microsoft over its $69 billion bid to take over “Call of Duty[...]
Read more
Apple CEO Cook conveyed app store curb concerns to Japan PM – Nikkei
(Reuters) – Apple Inc Chief Executive Tim Cook asked Japanese Prime Minister Fumio Kishida to consider protecting users when regulating distribution of smartphone apps, Nikkei reported on Friday[...]
Read more
Southwest Airlines operations back to normal after being crippled by storm
WASHINGTON (Reuters) – Southwest Airlines was up and running on a normal schedule on Friday after a massive winter storm crippled operations this week and exposed problems at the low-cost carrie[...]
Read more
How 2022 shocked, rocked and rolled global markets
By Marc Jones LONDON (Reuters) – Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires – 2022 has[...]
Read more
Southwest promises refunds as airline sees ‘certain’ financial impact
By Doina Chiacu and David Shepardson WASHINGTON (Reuters) -Southwest Airlines promised to reimburse passengers for expenses such as hotels and car rentals in addition to refunding tickets after it can[...]
Read more