Key US short-term rate surges amid month-end turbulence
NEW YORK (Reuters) – A key U.S. overnight funding interest rate jumped on Monday in a sign of tighter liquidity in money markets at the end of the month and…
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US port strike adds another uncertainty to Fed’s outlook
By Howard Schneider NASHVILLE, Tennessee (Reuters) – The COVID-19 pandemic’s crushing blow to global supply chains also scarred U.S. Federal Reserve officials who thought the fallout from disrupted ports and…
UniCredit’s ‘federal model’ boosts its foreign subsidiaries, CEO says
By Valentina Za MILAN (Reuters) -UniCredit has built a “federal model” as a pan-European bank with subsidiaries in each of its 13 markets that can act locally, CEO Andrea Orcel…
CVS Health to lay off nearly 2,900 employees in cost-cutting push
(Reuters) -CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs. The reductions,…
Gold rally cripples physical demand in key markets
By Anjana Anil and Polina Devitt BENGALURU/LONDON (Reuters) – Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to sell…
Investing.com Poll: What will be the outcome of Friday’s US jobs report?
Investing.com — The latest US nonfarm payrolls report on Friday is due to highlight the economic calendar this week. Economists expect the US economy to add 144,000 jobs in September,…
US construction spending falls in August on single-family homebuilding
WASHINGTON (Reuters) – U.S. construction spending unexpectedly fell in August amid a sharp drop in outlays on single-family housing projects, but declining borrowing costs could stimulate activity in the months…
Column-Wall St eyes ‘slower for longer’ equity rise as rally broadens: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – A handful of mega-cap technology stocks has fueled Wall Street’s boom for much of this year, but the promise of aggressive interest rate…
Don’t expect September jobs report to be decisive for Fed’s November move: BofA
Investing.com — In a note on Tuesday, Bank of America analysts downplayed the significance of the upcoming September jobs report in determining the Federal Reserve’s next move in November. According…
US job openings rebound in August; hiring soft
WASHINGTON (Reuters) – U.S. job openings unexpectedly increased in August after two straight monthly decreases, but hiring was soft and consistent with a slowing labor market. Job openings, a measure…