Economy

Investing.com — The road ahead for a December rate cut remains in place as recent comments from Fed members signal that policy is still in restrictive territory, UBS said in…

By David Morgan WASHINGTON (Reuters) – Republicans’ lock on power in Washington next year will allow President-elect Donald Trump to pursue an aggressive agenda of tax cuts for businesses, workers…

By David Shepardson WASHINGTON (Reuters) – U.S. passenger railroad Amtrak said Wednesday it was temporarily suspending all train service between New York and Washington because of overhead power issues in…

By Richard Cowan WASHINGTON (Reuters) – President-elect Donald Trump’s Republican Party will control both houses of Congress when he takes office in January, Edison Research projected on Wednesday, enabling him…

(Reuters) -Elon Musk’s X Corp has tapped former Tubi executive Mahmoud Reza Banki as chief financial officer, in one of the social media platform’s biggest hires as its billionaire owner…

WASHINGTON (Reuters) – The U.S. budget deficit jumped nearly four-fold to $257 billion in October, a figure inflated by several one-off factors, the Treasury Department said on Wednesday but starting…

(Reuters) – Kansas City Federal Reserve Bank President Jeffrey Schmid on Wednesday said the U.S. central bank’s interest-rate cuts to date acknowledge its growing confidence that inflation is headed down,…

By Nell Mackenzie and Ludwig Burger LONDON/FRANKFURT (Reuters) -Hedge fund D.E. Shaw took a 1.02 billion euro ($1.08 billion) short bet against Bayer (OTC:BAYRY) on Tuesday, a regulatory filing in…

MOSCOW (Reuters) – Russian consumer prices jumped by 0.3% in the latest week, bringing the headline number to 7% since January, close to the official government forecast of 7.3% for…