By Stephen Culp NEW YORK (Reuters) – Wall Street shuffled to a modestly higher close on Friday and Treasury yields advanced as investors digested a deluge of economic data ahead of the Christmas[...]
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December 23, 2022
U.S. dollar weakens as risk appetite rises with data showing slowdown
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar slid against most currencies in choppy, thin trading on Friday as data signaled that the U.S. economy is cooling a bit, reinforcing ex[...]
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Italy’s government wins lower house confidence vote on 2023 budget
ROME (Reuters) -The Italian government on Friday comfortably won a vote of confidence in the Chamber of Deputies, which it called to speed up approval of its expansionary 2023 budget before a year-end[...]
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Oil rises $3/bbl after Russia signals output cut due to price cap
By Shariq Khan NEW YORK (Reuters) -Oil prices settled about $3 per barrel higher on Friday for a second straight week of gains after Moscow said it could cut crude output in response to the G7 price c[...]
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IRS delays $600 income reporting rule for U.S. gig workers
WASHINGTON (Reuters) – The U.S. Internal Revenue Service said on Friday it would delay a new rule requiring more extensive reporting by gig workers and others who are paid through third party ap[...]
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Analysis-US stock investors face recession fears as they bid good riddance to 2022
By Lewis Krauskopf NEW YORK (Reuters) – A rough year for U.S. stocks is winding down, but the market’s pain may be far from over, as investors brace for an expected recession in 2023. With only[...]
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U.S. consumer spending, inflation rise moderately amid rate hikes
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months, but demand is probably not cooling fas[...]
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U.S. consumers’ 1-year inflation outlook drops to 18-month low – UMich
(Reuters) – U.S. consumers expect price pressures to moderate notably in the next year, with a benchmark survey on Friday showing their one-year inflation outlook dropping to the lowest in 18 mo[...]
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Canada posts C$174 million deficit over first seven months of 2022/23
OTTAWA, Dec 23 (Reuters) – Canada recorded a C$174 million ($127.91 million) budget deficit for the first seven months of the 2022/23 fiscal year, partly due to higher debt charges, the finance[...]
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