Saturday, October 26, 2024

Bussiness

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

WASHINGTON (AP) — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way...

Fed seen cutting policy rate by 25 bps next week

(Reuters) - U.S. central bankers will likely start a series of interest-rate cuts next week with a quarter-of-a-percentage point reduction, traders bet on Wednesday,...

US banks extend slide as investors weigh sobering outlook from executives

By Pritam Biswas(Reuters) - U.S. bank stocks fell before the bell on Wednesday, extending a sell-off that started after executives warned of a slower-than-expected...

Buffett’s Berkshire offloads $228.7 million worth BofA shares in latest sale

(Reuters) - Warren Buffett's Berkshire Hathaway has sold shares worth $228.7 million in Bank of America, as the conglomerate continues to trim its stake...

Debate 2024: Did Harris join the ‘all of above’ energy club? Appears so.

In one of the few substantive policy exchanges during Tuesday night's highly-anticipated debate, Vice President Kamala Harris talked more expansively about her energy approach...

TSX futures flat as investors await US inflation data

(Reuters) - Futures tied to Canada's main stock index were muted on Wednesday as investor caution ahead of U.S. inflation data overshadowed gains in...

As beer loses share to hard seltzer, US barley farmers scramble

By Heather SchlitzSharon, North Dakota (Reuters) - Don Nygaard, a third-generation farmer in a remote corner of North Dakota, used to grow malt barley...

German parliament approves rescue of shipbuilder Meyer Werft, lawmakers say

By Maria Martinez and Christian KraemerBERLIN (Reuters) - Germany's lower house of parliament and the state parliament of Lower Saxony have approved the rescue...

Etihad Airways plans IPO no earlier than 2025, sources say

By Hadeel Al Sayegh, Andres Gonzalez and Federico MaccioniDUBAI/LONDON (Reuters) - Abu Dhabi's Etihad Airways plans to make its stock market debut no sooner...

Flights grounded at Kenya’s main airport as workers protest against Adani deal

NAIROBI, Kenya (AP) — Hundreds of workers at Kenya's main international airport demonstrated on Wednesday against a planned deal between the government and a...

Stock market today: Global benchmarks mostly dip after Wall Street’s mixed finish

TOKYO (AP) — Global shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish.France's CAC 40 added 0.3% in early trading...

Services’ grip on UK economy tightens as manufacturing share ebbs further

By Andy Bruce(Reuters) - Britain's shift towards a services-dominated economy is accelerating, pushing manufacturing's share of economic output to a historic low and setting...

Latest news