Economy

Investing.com — St Louis Federal Reserve President Alberto Musalem suggested Wednesday that the Fed can take its time to gauge whether further rate cuts are needed, though said that if…

By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund manager Nelson Peltz, who backed president-elect Donald Trump this year, said the election-fueled stock market rally cannot continue uninterrupted. “Trees don’t…

By Giuseppe Fonte, Valentina Za and Andrea Mandala ROME (Reuters) -Italy on Wednesday raised 1.1 billion euros ($1.16 billion) by selling 15% of bailed-out bank Monte dei Paschi di Siena,…

(Reuters) – Cisco Systems (NASDAQ:CSCO) raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven…

By Davide Barbuscia NEW YORK (Reuters) – A unified government under Donald Trump may offer investors reprieve from the bruising battles around the U.S. debt ceiling that have roiled markets…

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…