News
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Saks Global plans to shutter off-price retail locations
Jan 29 (Reuters) - Saks Global on Thursday said it will wind down the majority of its off-price operations, including its Saks OFF 5TH retail locations and the remaining Last Call stores, amid its bankruptcy protection proceedings.Reuters
Thu, Jan 29
Amid policy clash over rates, Fed and administration share key points about the outlook
Fed and administration align on productivity gainsFed cautious on rate cuts despite administration's push for deeper reductionsPowell optimistic about economic growth, sees stable unemployment rateBy Howard Schneider WASHINGTON, Jan 29 (Reuters) - The wide gulf between the Trump administratio...Reuters
Thu, Jan 29
Lawyers leaving US government drive workforce shift
Influx of ex-government lawyers boosts law firm hiringSusman Godfrey's $4,000-an-hour billersTobey Maguire testifies at fellow poker-player Tom Goldstein's tax trialBy David Thomas Jan 29 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or s...Reuters
Thu, Jan 29
Gold exports from Switzerland up 27% m/m in December as deliveries to UK jump
LONDON, Jan 29 (Reuters) - Gold exports from Switzerland rose 27% month on month in December as shipments to Britain jumped to their highest since August 2019, Swiss customs data showed on Thursday.Deliveries from Switzerland, the world's biggest bullion refining and transit hub, to the UK, home...Reuters
Thu, Jan 29
Brazil's formal job creation slows to lowest since 2020
BRASILIA, Jan 29 (Reuters) - Brazil created 1,279,498 formal jobs in 2025, data from the Labor Ministry showed on Thursday, the lowest level in five years amid high interest rates.Job creation fell 24% from the previous year, marking the weakest annual result since Latin America's largest econom...Reuters
Thu, Jan 29
WRAPUP 2-US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years
Weekly jobless claims fall 1,000 to 209,000Continuing claims decrease 38,000 to 1.827 millionTrade deficit widens 94.6% to $56.8 billionBy Lucia Mutikani WASHINGTON, Jan 29 (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week from an upwardly revise...Reuters
Thu, Jan 29
Trump administration unlawfully ended Venezuelans' legal status, US court rules
Court rules Trump's end of TPS for Venezuelans unlawfulRuling affects 600,000 Venezuelans Supreme Court order allows end of TPS to remain in effectBy Nate Raymond Jan 29 (Reuters) - A federal appeals court has ruled that U.S. President Donald Trump's administration unlawfully ended legal ...Reuters
Thu, Jan 29
SGD: Monetary policy outlook remains hawkish – Standard Chartered
The Monetary Authority of Singapore (MAS) maintained its monetary policy settings in January, contrary to expectations of a tightening move. The statement's hawkish tone suggests potential policy accommodation withdrawal in April.Fxstreet
Thu, Jan 29
Mexico's Sheinbaum, Trump talk trade as USMCA review approaches
USMCA review set to start by July 1, potential reforms discussedTrump praises Sheinbaum, calls her a 'wonderful leader'By Brendan O'Boyle and Aida Pelaez-Fernandez MEXICO CITY, Jan 29 (Reuters) - U.S. President Donald Trump and Mexican President Claudia Sheinbaum spoke on Thursday...Reuters
Thu, Jan 29
Trump plans to announce his Fed chairman choice next week
WASHINGTON, Jan 29 (Reuters) - President Trump said he intends to announce his pick to replace Federal Reserve Chair Jerome Powell next week, ending weeks of speculation over who will lead the U.S. central bank after Powell’s term expires in May 2026.Reuters
Thu, Jan 29
Philippines: GDP growth misses expectations – UOB
The Philippine economy grew 3.0% year-on-year in 4Q25, falling short of expectations and marking the weakest pace since 1Q21, according to UOB's Global Economics & Markets Research. For the full year, real GDP grew 4.4% in 2025, below the forecast of 4.6%.Fxstreet
Thu, Jan 29
TREASURIES-US yields dip as investors look to payrolls data after Fed meeting
Investors await payrolls data next week for signals on economyFed chief upbeat about economy, but hints at medium-term cuts Yield curve steepens on inflation worriesBy Tatiana Bautzer NEW YORK, Jan 29 (Reuters) - U.S. Treasury yields slipped on Thursday as investors settled into a wait-and-se...Reuters
Thu, Jan 29
Canada records big jump in trade deficit in November as US exports fall
Exports to US drop to 68% in November from 76% a year agoUS trade surplus increased to C$6.6 billion in NovemberExports of metals, non-metallic goods down 24.4%, led by goldImports from other countries rose 7.8%, led by China By Promit MukherjeeOTTAWA, Jan 29 (Reuters) - Canada posted a huge jump in...Reuters
Thu, Jan 29
Sherwin-Williams Expects New Residential Market To Be Down Mid Single Digits This Year - Conf Call
Jan 29 (Reuters) - Sherwin-Williams Co SHW.N:SHERWIN-WILLIAMS SAYS EXISTING HOME SALES OUTLOOK IN 2026 VARIES FROM SLIGHTLY DOWN TO UP DOUBLE DIGITS; DEMAND HARD TO PREDICT - CONF CALLSHERWIN-WILLIAMS EXPECTS NEW RESIDENTIAL MARKET TO BE DOWN MID SINGLE DIGITS THIS YEAR - CONF CALLSHERWIN-WILLIAMS T...Reuters
Thu, Jan 29
