News
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ANALYSIS-China signals sharper pivot to consumption as imbalances worsen
Leaders pledge to channel more fiscal funds to public servicesAim for significant rise in consumption's share in GDPTo maintain a reasonable share for manufacturingResource distribution key to boosting consumption, analyst saysBy Kevin Yao BEIJING, Oct 31 (Reuters) - China's over-reliance...Reuters
Thu, Oct 30
US weekly jobless claims fall, economists estimate
Economists estimate weekly jobless claims dropped to around 219,000Claims at current estimated levels point to stable labor marketContinuing claims estimated to have increased to about 1.957 million By Lucia Mutikani WASHINGTON, Oct 30 (Reuters) - The number of Americans filing new applications f...Reuters
Thu, Oct 30
US-backed mortgage giant Fannie Mae cuts more than 62 jobs across departments
Oct 30 (Reuters) - U.S. government-sponsored mortgage enterprise Fannie Mae has cut more than 62 jobs across departments, including Information Technology, and Diversity, Equity and Inclusion, Federal Housing Finance Agency Director William Pulte said on Thursday. "We, like any...Reuters
Thu, Oct 30
Mexico gov't sees economy improving after Q3 contraction
Finance minister confident in Q4 pick-upQ3 marked first year-on-year contraction since 2021Ministry hikes year-end inflation forecasts2025 GDP growth, public debt forecasts maintainedBy Ana Isabel MartinezMEXICO CITY, Oct 30 (Reuters) - Mexico's finance ministry predicted on Thursday that Latin ...Reuters
Thu, Oct 30
CORRECTED-Amazon forecasts quarterly revenue largely above estimates
Oct 30 (Reuters) - Amazon.com AMZN.O forecast quarterly revenue largely above Wall Street estimates on Thursday on strong demand for its cloud services as businesses continue to spend relentlessly on artificial intelligence. The massive cloud demand is helping the tech company ease the pressure from...Reuters
Thu, Oct 30
TREASURIES-US yield rise amid rate cut uncertainty, Meta bond deal
Fed's Powell says December rate cut not guaranteedUS Treasury yields rise amid lower rate-cut oddsGovernment shutdown's effect on data may affect policyMeta $30 billion bond sale attracts strong investor demandBy Tatiana Bautzer NEW YORK, Oct 30 (Reuters) - U.S. Treasury yields continued ...Reuters
Thu, Oct 30
ECB keeps rates unchanged as economy holds up for now
Rates could remain steady for years to come, markets betA cut is still more likely to be next move than a hikeLagarde says has no complaints about growth nowTariffs, Chinese dumping keep growth outlook modestBy Francesco Canepa and Balazs Koranyi FLORENCE, Italy, Oct 30 (Reuters) - The European C...Reuters
Thu, Oct 30
Mexico gov't sees 2025 fiscal deficit just above 4% of GDP, in line with forecasts
MEXICO CITY, Oct 30 (Reuters) - Mexican Finance Minister Edgar Amador said on Thursday he expects the country's fiscal deficit to land between 4.3%-4.4% of gross domestic product this year, in line with estimates in the government's recent budget report.Public debt for the end of September s...Reuters
Thu, Oct 30
BREAKINGVIEWS-The K-shaped economy is claiming corporate victims
By Pranav KiranTORONTO, Oct 30 (Reuters Breakingviews) - For corporate America, youth appeal is becoming a liability. As older and richer consumers become more and more crucial to keeping up U.S. spending, their poorer or younger peers are falling behind. The problem is big enough that it’s now show...Reuters
Thu, Oct 30
Goldman Sachs CEO Solomon warns of a US 'reckoning' on government debt
Oct 30 (Reuters) - Goldman Sachs GS.N CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster."If we continue on the current course, and we don't take the growth level up... there will be a reckoning,...Reuters
Thu, Oct 30
What the latest Fed rate cut means for your money — even if the next one is not certain
Fed rate cut impacts bonds, savings, and credit cardsExperts predict further rate cuts in next 6-12 monthsMortgage rates drop, expected to fall below 6% in a yearBy Lauren Young NEW YORK, Oct 30 (Reuters) - The U.S. Federal Reserve cut its key interest-rate target by a quarter of a percentage poi...Reuters
Thu, Oct 30
US 30-year fixed-rate mortgage falls to one-year low of 6.17%
WASHINGTON, Oct 30 (Reuters) - U.S. mortgage rates dropped to a one-year low this week, but scope for further declines is limited as Treasury yields have risen after Federal Reserve Chair Jerome Powell tempered expectations for another interest rate cut in December.The average rate on the popular 30...Reuters
Thu, Oct 30
TREASURIES-Uncertain prospects for further Fed rate cuts boost Treasury yields
Fed's Powell says December rate cut not guaranteedUS Treasury yields rise amid lower rate-cut oddsGovernment shutdown's effect on data may affect policyBy Tatiana Bautzer NEW YORK, Oct 30 (Reuters) - U.S. Treasury yields continued to rise on Thursday as markets saw lower odds of another F...Reuters
Thu, Oct 30
Brazil's September budget gap slightly narrower than expected
BRASILIA, Oct 30 (Reuters) - Brazil's central government recorded a primary budget deficit of 14.497 billion reais ($2.68 billion) in September, Treasury figures showed on Thursday. Economists polled by Reuters were expecting a larger 15.3 billion reais shortfall.The result reflected a modest 0....Reuters
Thu, Oct 30
Mexico's economy contracts in third quarter as industrial activity slows
MEXICO CITY, Oct 30 (Reuters) - Mexico's economy contracted 0.3% in the third quarter from the previous three-month period, preliminary data showed on Thursday, marking its first year-on-year quarterly decline since 2021 and raising prospects its central bank will press ahead with a fresh intere...Reuters
Thu, Oct 30
