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US consumer sentiment weakens in November as government shutdown drags on
WASHINGTON, Nov 7 (Reuters) - U.S. consumer sentiment weakened to the lowest level in nearly 3-1/2 years in early November amid worries about the economic fallout from the longest government shutdown in history, a survey showed on Friday.The University of Michigan's Surveys of Consumers said its...Reuters
Fri, Nov 7
Amazon takes low-cost ecommerce service global
Nov 7 (Reuters) - Amazon.com AMZN.O on Friday expanded the reach of its low-cost ecommerce service to 14 additional markets and will call it Amazon Bazaar, as part of a push to compete with Chinese rivals including Shein and PDD Holding's PDD.O Temu.The expansion of the service comes at a time w...Reuters
Fri, Nov 7
UoM Consumer Sentiment Index falls to 50.3 in November vs 53.2 expected
Consumer confidence in the United States (US) continued to deteriorate in November, with the University of Michigan's Consumer Sentiment Index falling to 50.3 from 53.6 in October. This print came in worse than the market expectation of 53.2.Fxstreet
Fri, Nov 7
Fed Vice Chair Jefferson: Slow approach to cuts makes sense as policy rate approaches neutral
Jefferson sees policy stance as 'still somewhat restrictive'He calls benchmark policy rate 'closer to neutral level'He cites potential lack of government data at December meetingBy Howard Schneider WASHINGTON, Nov 7 (Reuters) - The Federal Reserve should "proceed slowly" i...Reuters
Fri, Nov 7
Bundesbank chief uses AI to check dovish-hawkish balance in speeches
FRANKFURT, Nov 7 (Reuters) - Exploring the potential uses of artificial intelligence, Bundesbank President Joachim Nagel is now using the technology to check how his speeches will be perceived and whether he found the right balance on the dovish-hawkish spectrum, he said on Friday. Some investment b...Reuters
Fri, Nov 7
Impact of US government shutdown far worse than expected, White House adviser says
WASHINGTON, Nov 7 (Reuters) - The economic impact of the U.S. government shutdown is far worse than expected, but the U.S. economy is likely to rebound quickly once it ends, White House economic adviser Kevin Hassett said on Friday. Construction projects are starting to slow down and travel is suffe...Reuters
Fri, Nov 7
Fed's Jefferson: There is enough data for the Fed to continue making policy decisions
WASHINGTON, Nov 7 (Reuters) - There is enough data about the economy arriving at the Federal Reserve for policymakers to make interest rate decisions despite the federal government shutdown, Fed Vice-Chair Philip Jefferson said on Friday. Jefferson, speaking on a day when a second monthly jobs repor...Reuters
Fri, Nov 7
Swatch workers in Turkey set to strike in pay row
Swatch shops across country set to be affected by strikeWorkers disappointed by pay offer which is below inflationSwatch says union demands are unrealisticBy John Revill ZURICH, Nov 7 (Reuters) - Workers at 16 of Swatch Group's UHR.S directly operated stores in Turkey are set to strike on Mon...Reuters
Fri, Nov 7
Impact of US government shutdown far worse than expected, White House adviser says
WASHINGTON, Nov 7 (Reuters) - The economic impact of the U.S. government shutdown is far worse than expected, White House economic adviser Kevin Hassett said on Friday.The travel and leisure industry are among the hardest sectors hit, Hassett said in an interview with Fox Business Network.Reuters
Fri, Nov 7
