News
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Judge dismisses retailing group's challenge to New York surveillance pricing law
NEW YORK, Oct 8 (Reuters) - A federal judge on Wednesday dismissed a lawsuit by the National Retail Federation challenging the constitutionality of a New York state law requiring retailers to tell customers when their personal data are used to set prices, known as surveillance pricing.U.S. District ...Reuters
Wed, Oct 8
IMF chief sees potential for more Fed rate cuts, keeping close eye on inflation
Georgieva says current US economic picture not very clearDisinflation stalling, but economy also softening, IMF saysConsumers not feeling full heat of tariffs yet, Georgieva saysBy Andrea Shalal WASHINGTON, Oct 8 (Reuters) - The U.S. Federal Reserve could further lower interest rates this year, b...Reuters
Wed, Oct 8
Fed last month saw rising risks to job market, but remained wary on inflation
Minutes show emerging debate over response to changing risksNew Fed Governor Miran alone in calling for oversized rate cutMajority of policymakers concerned about inflation despite job market risksBy Howard Schneider WASHINGTON, Oct 8 (Reuters) - Federal Reserve officials agreed at their recent p...Reuters
Wed, Oct 8
Former heads of US Bureau of Labor Statistics say Trump's attacks erode trust in data
BLS loses senior leaders as Trump targets agency's integrityAbout 12 of 35 senior leaders have left amid Trump's criticismModernizing data collection suggested to improve response ratesBy Lucia Mutikani WASHINGTON, Oct 8 (Reuters) - President Donald Trump's unwarranted attacks on the ...Reuters
Wed, Oct 8
What to Watch in the Day Ahead - Thursday, October 9
PepsiCo is expected to post a rise in third-quarter revenue, helped by steady demand for its sodas and snacks as well as some higher prices. Investors will watch out for an update on the company's venture into protein beverages as well as its broader growth strategy amid pressure from activist i...Reuters
Wed, Oct 8
Brazil's beef exports to China jump 38% in September amid US tariffs
By Roberto Samora SAO PAULO, Oct 8 (Reuters) - Brazil's beef exports to China rose 38.3% in September from a year earlier, reaching 187,340 tonnes, industry group Abrafrigo said on Wednesday, helping push total monthly exports to a record high.China is the largest market for Brazilian beef, a...Reuters
Wed, Oct 8
US crude stockpiles rise, fuel inventories fall on higher demand, EIA says
Crude inventories rise 3.7 mln bbls vs forecast of 1.9 mln buildCrude builds on higher imports, lower exportsGasoline, distillates draw down due to strong fuel demandTotal product supplied hits highest since December 2022By Liz Hampton and Georgina McCartneyOct 8 (Reuters) - U.S. crude oil stockpile...Reuters
Wed, Oct 8
IMF's Georgieva raises alarm about rising public debt levels
WASHINGTON, Oct 8 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva on Wednesday said she was concerned that public debt was rising more rapidly in advanced economies than low-income countries, and urged countries to address the issue.In low-income countries, she said hi...Reuters
Wed, Oct 8
German economy ministry lifts 2025 growth forecast to 0.2%
Germany revises 2023 growth forecast to 0.2% from zeroDomestic demand, not exports, to drive Germany's recoveryUnemployment in Germany expected to decrease slightly by 2027By Maria Martinez BERLIN, Oct 8 (Reuters) - Germany slightly raised its growth forecast for this year to 0.2% on Wednesda...Reuters
Wed, Oct 8
Belgian earplugs brand Loop enters US stores with Target partnership
By Neil J KanattOct 8 (Reuters) - Loop said on Wednesday its earplugs will be available in over 600 Target TGT.N stores starting this month, marking the Belgian startup's entry in traditional brick-and-mortar retail in the United States.Designed to look like fashion accessories, Loop's earpl...Reuters
Wed, Oct 8
US crude stocks rise, gasoline and distillate inventories fall - EIA says
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.7 million barrels to 420.3 million barrels in the week ended October 3, the EIA said, compared with analysts' expectations in a Reu...Reuters
Wed, Oct 8
TREASURIES-US yields dip ahead of notes auction, Fed minutes
WASHINGTON, Oct 8 (Reuters) - U.S. Treasury yields were flat to lower in early trading on Wednesday as markets awaited an auction of 10-year notes and the release of minutes from last month's central bank meeting.Investors overwhelmingly expect the Federal Reserve to cut interest rates again lat...Reuters
Wed, Oct 8
IMF chief says global economy doing 'better than feared,' risks remain
IMF forecasts slight slowdown in global growth in 2025, 2026Georgieva notes high uncertainty, rising demand for goldIMF urges countries to take steps to boost growth, address excessive imbalances WASHINGTON, Oct 8 (Reuters) - The world economy has proven more resilient than expected despite acute...Reuters
Wed, Oct 8
Brazil's auto sales up in September, production falls
SAO PAULO, Oct 8 (Reuters) - Brazil's auto sales rose in September from the previous month, but production fell, data released by automakers association Anfavea showed on Wednesday.According to Anfavea, auto sales in Latin America's largest economy increased 7.9% in the month to 243,230 unit...Reuters
Wed, Oct 8
Equifax rises after slashing credit score pricing
** Shares of U.S. credit bureau Equifax EFX.N rise 3% premarket to $245 ** Co on Tuesday says it plans to offer its VantageScore 4.0 credit score service at more than 50% below market leader Fair Isaac Corp FICO.N, commonly known as FICO. ** FICO last week unveiled plans to sell its cred...Reuters
Wed, Oct 8
US Commerce Department adds 29 entries to entity list under China, Turkey and UAE
WASHINGTON, Oct 8 (Reuters) - The U.S. Commerce Department added 29 entries related to China, Turkey and the United Arab Emirates to its restricted export list, according to a government posting on Wednesday.Reuters
Wed, Oct 8
