By Chibuike Oguh and Naomi Rovnick NEW YORK/LONDON (Reuters) -Global stocks edged higher in choppy trading on Friday, making it the fourth consecutive month of gains despite a bout of heavy selling in[...]
Read more
August 30, 2024
Dow notches record high close after upbeat economic data
By Noel Randewich (Reuters) -Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expec[...]
Read more
U.S. home prices forecast to rise modestly as Fed cuts rates – Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal Reserve interest rate cuts, according to[...]
Read more
US dollar rises broadly as inflation data underpins smaller Fed cut
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased, su[...]
Read more
Brazil targets banks in income tax hike bill
BRASILIA (Reuters) – Brazil’s government submitted a bill to Congress on Friday that increases some income taxes as part of a revenue-raising effort, including a more pronounced rate hike[...]
Read more
Solid US consumer spending pushes against hopes for hefty Fed rate cut
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-[...]
Read more
Brazil’s government to end 2024 within fiscal target tolerance band, finance minister says
BRASILIA (Reuters) – Brazil Finance Minister Fernando Haddad said on Friday that the government should close this year within the tolerance band of its fiscal target if Congress approves the com[...]
Read more
European shares inch up to record high as inflation data sets stage for ECB rate cut
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation c[...]
Read more
FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken
By Khushi Singh (Reuters) -The UK’s main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month, with real estate shares in the lead as interest rate-cut hop[...]
Read more