Investing

WASHINGTON (Reuters) – U.S. mortgage rates dropped to the lowest level in nearly two months this week, a trend that if sustained could boost home sales in the coming months.…

PARIS (Reuters) -French fashion house Chanel selected former Bottega Veneta design chief Matthieu Blazy as its next creative director, Women’s Wear Daily and the Financial Times reported Thursday. French luxury…

By Katie Paul NEW YORK – Autonomous “agents” and profitability are likely to dominate the artificial intelligence agenda next year, business executives and researchers predicted this week in interviews at…

By Andres Gonzalez LONDON (Reuters) -Spanish utility Iberdrola (OTC:IBDRY) aims to sell its smart metering business in the UK and has lined up advisers, according to three sources with knowledge…

FRANKFURT (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing in 2025 as growth…

By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits dipped 8.6% in the third quarter of 2024 to $65.4 billion, after enjoying a one-time surge the prior quarter, the Federal…

By Purvi Agarwal and Shashwat Chauhan (Reuters) – The S&P 500 and the Nasdaq slipped on Thursday after ending the previous session on a positive note, while investors assessed some…

(Reuters) -The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually.…

By Jamie McGeever ORLANDO, Florida (Reuters) – One of the many curiosities of 2024 has been how global stocks have surged so strongly even as central banks have drained liquidity…