By Howard Schneider WASHINGTON, Dec 12 (Reuters) – Even if overall inflation slows next year as the U.S. Federal Reserve anticipates, President Donald Trump will still face political headwinds over the cost of living with home mortgage rates expected to remain comparatively high, tariff-related price increases on goods seen persisting through the first part of…
By Howard Schneider WASHINGTON, Dec 12 (Reuters) – Even if overall inflation slows next year as the U.S. Federal Reserve anticipates, President Donald Trump will still face political headwinds over the cost of living with home mortgage rates expected to remain comparatively high, tariff-related price increases on goods seen persisting through the first part of…
By Andrea Shalal and Trevor Hunnicutt WASHINGTON, Dec 12 (Reuters) – President Donald Trump on Friday honored members of the U.S. men’s ice hockey team who beat their Soviet rivals in what was called the “Miracle on Ice” during the 1980 Winter Olympic Games in Lake Placid. Trump hosted the players in the Oval Office…
(Refiles to say Nasdaq 100, not Nasdaq’s 100, in headline) By Shashwat Chauhan Dec 12 (Reuters) – Bitcoin hoarding giant Strategy may be at risk of being removed from the Nasdaq 100 index at its annual reshuffle on Friday, amid questions over its business model that have weighed on its share price, some analysts flagged…
By Purvi Agarwal, Ragini Mathur and Nikhil Sharma Dec 11 (Reuters) – European shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the U.S. Federal Reserve’s overnight interest rate cut and assessed a policy decision from the Swiss National Bank. The pan-European STOXX 600 ended 0.5% higher at 581.17 points,…
MOSCOW, Dec 12 (Reuters) – Russian state oil and gas revenue is likely to almost halve in December compared with a year ago to 410 billion roubles ($5.17 billion) as a result of lower crude prices and a stronger rouble, Reuters calculations showed on Friday. For the entire year, the revenue is set to fall…
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By Abigail Summerville Dec 11 (Reuters) – Apollo Global Management is exploring options, including a sale or initial public offering, for Invited that could value the operator of golf and membership clubs at more than $3 billion including debt, according to sources familiar with the matter. Investment banks JPMorgan and Wells Fargo are working on…
Dec 10 (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that the current overshooting of the central bank’s 2% inflation target is mostly the result of President Donald Trump’s import tax hikes. “It’s really tariffs that are causing the most of the inflation overshoot,” Powell said after the latest Fed meeting, reiterating his expectation…
Dec 11 (Reuters) – Costco Wholesale beat Wall Street estimates for first-quarter revenue on Thursday, on the back of resilient demand from consumers across income groups amid rising economic uncertainty. Surging inflation and a weak job market have been pushing shoppers to trade down and hunt for bargains on everything from essentials such as groceries to…
