Economy

By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at…

(Reuters) – Carrier Global (NYSE:CARR) cut its annual revenue forecast on Thursday due to weak consumer spending on non-essential items such as heating, ventilation and air conditioning systems, sending its…

By Jamie McGeever ORLANDO, Florida (Reuters) – Last month Federal Reserve Chair Jerome Powell and his colleagues were lauded for starting their policy easing cycle with a half percentage-point rate…

WASHINGTON (Reuters) – U.S. business activity increased in October amid strong demand, and firms raised prices for goods and services at the slowest pace in nearly 4-1/2 years, indicating that…

By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada’s annual economic growth forecast is overly optimistic, economists said, and another large interest rate cut this year will likely be…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said Thursday inflation pressures have been easing but still have yet to return to…

WASHINGTON (Reuters) -Bank of England interest rate-setter Catherine Mann welcomed a recent fall in inflation in Britain but said the cooling of price growth still had “a long way to…

(Reuters) -U.S. railroad operator Union Pacific (NYSE:UNP) missed Wall Street estimates for quarterly revenue and profit on Thursday, as an unfavorable business mix and reduced fuel surcharge revenue offset gains…

By Pritam Biswas and Laura Matthews (Reuters) -Nasdaq reported a rise in third-quarter profit on Thursday, helped by strong demand in its solutions business that houses the exchange operator’s financial…