US holiday sales to grow up to 3.5% in 2024, NRF forecasts
(Reuters) – U.S. holiday sales are expected to grow as much as 3.5%, the slowest pace in six years, the National Retail Federation forecast on Tuesday, as shoppers turn more…
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Israel inflation eases to 3.5% in September but stays above target
By Steven Scheer JERUSALEM (Reuters) -Israel’s inflation rate eased in September for the first time in seven months, data from the Central Bureau of Statistics showed on Tuesday, but it…
Fed’s Daly says monetary policy still working to lower inflation
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said on Tuesday that even with last month’s rate cut monetary policy is…
LVMH sales fall 3% as China demand for luxury goods worsens
PARIS (Reuters) -French luxury giant LVMH reported a 3% fall in third-quarter sales on Tuesday, its first decline in quarterly sales since the pandemic, as rising prices and economic uncertainty…
US consumers see higher long-run inflation, rising delinquency risk
By Michael S. Derby NEW YORK (Reuters) – Americans said they expected higher inflation over the longer run last month, as their expectations of credit turbulence rose to the highest…
IMF sees Mexico economic growth slowing in 2024, 2025
MEXICO CITY (Reuters) – The International Monetary Fund (IMF) on Tuesday said it sees Mexico’s economic growth slowing to around 1.5% this year, citing capacity constraints and tight monetary policy.…
US adds three Chinese companies to ‘Unverified List’ requiring additional export checks
(Corrects day of week in first paragraph to Tuesday) (Reuters) – The U.S. Commerce Department on Tuesday added three companies in China to a list of firms receiving U.S. exports…
Wall Street banks propelled by investment banking gains
(Reuters) -Wall Street’s biggest banks reported rising investment-banking fees in the third quarter fueled by more deals and as companies increasingly issued debt, and said that their pipeline of new…
PNC Financial quarterly profit drops on lower interest income, higher provisions
(Reuters) – PNC Financial (NYSE:PNC) reported a 4% drop in third-quarter net profit on Tuesday, as it earned less from customer interest payment and set aside a bigger buffer of…
Charles Schwab’s third-quarter profit jumps on higher asset management fees
(Reuters) – Brokerage firm Charles Schwab (NYSE:SCHW)’s third-quarter net income rose about 25% on Tuesday, driven by a jump in asset management fees and client assets hitting a record high,…