By Ananya Mariam Rajesh and Aatrayee Chatterjee (Reuters) -U.S. holiday sales rose by 5.3%, but fell short of estimates, as shoppers feeling the brunt of stubbornly high inflation pulled forward purch[...]
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January 18, 2023
European shares extend winning streak on earnings boost
By Bansari Mayur Kamdar and Ankika Biswas (Reuters) – European shares marked their longest winning streak since November 2021 on Wednesday, lifted by upbeat earnings, while optimism over China[...]
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Fed’s current structure has boosted public confidence, George says
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve’s current structure, with the Washington-based Board of Governors and 12 quasi-autonomous regional banks, has “created[...]
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Fed’s Bullard urges colleagues not to “stall” on remaining rate increases
WASHINGTON (Reuters) – St. Louis Fed President James Bullard said Wednesday that U.S. Federal Reserve policymakers should get the policy rate of interest above 5% “as quickly as we can[...]
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U.S. business inventories rise in November as sales fall
WASHINGTON (Reuters) – U.S. business inventories increased in November as higher interest rates depressed sales, boosting the inventory-to-sales ratio to the highest level in nearly two years. B[...]
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EU tourist stays neared pre-pandemic levels in 2022 – Eurostat
By Diana Mandia and Dina Kartit (Reuters) – The number of nights spent in tourist accommodation in the European Union in 2022 approached pre-pandemic levels, the bloc’s statistics office E[...]
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U.S. home builder spirits brighten to kick off 2023, NAHB says
By Dan Burns (Reuters) – Confidence among U.S. single-family homebuilders improved for the first time in more than a year in January, potentially signaling the housing slump may have reached its[...]
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U.S. manufacturing output tumbles in December
WASHINGTON (Reuters) – Production at U.S. factories fell more than expected in December and output in the prior month was weaker than previously thought, indicating that manufacturing was rapidl[...]
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Exclusive-Hopes rise Germany could skirt recession this year
By Holger Hansen BERLIN (Reuters) -Germany is set to dodge a widely expected recession this year, a source told Reuters on Wednesday, adding to a chorus of voices predicting a brighter outlook for Eur[...]
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