Bank of Canada rate hikes may end amid declining inflation
The Bank of Canada’s series of interest rate hikes, initiated to combat inflation, may be reaching its end as recent data shows a drop
Hedge funds pile into banks ahead of earnings – BofA
NEW YORK (Reuters) – Hedge funds bought U.S. stocks in all sectors last week, but mainly in financials, Bank of America said in a
New York Fed’s Empire State factory gauge slumps in October
The numbers: The New York Fed’s Empire State business-conditions index, a gauge of manufacturing activity in the state, edged down 6.5 points in October
Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless’
By Luc Cohen NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,”
U.S. industrial output up 0.3% in September as auto strike has limited impact
The numbers: U.S. industrial production rose 0.3% in September, the Federal Reserve reported Tuesday. The gain was above expectations of a 0.1% gain, according
Canada’s annual inflation cools in September
TORONTO (Reuters) -Canada’s annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries,
U.S. October home builder confidence drops to lowest level since January
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence index fell 4 points to 40 in October, the U.S. trade group said
Explainer-Biden combines billions in chipmaking grants with China curbs to keep US ahead
By Alexandra Alper WASHINGTON (Reuters) – The Biden administration’s latest round of export curbs on China is part of a two-pronged strategy aiming to
Retail sales rise on strong car sales and internet buying. U.S. economy not slowing much.
The numbers: Sales at U.S. retailers jumped a bigger-than-expected 0.7% in September in a sign households have enough buying power to keep the economy
Russia may need tighter policy to bring inflation to target -c. bank analysts
MOSCOW (Reuters) – Inflation in Russia continues to accelerate and a return to the central bank’s 4% target may require additional monetary policy tightening,
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