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White House preparing order that could limit compensation for military contractors, says Punchbowl
Dec 16 (Reuters) - The White House is preparing an executive order that could limit stock buy backs, dividends and executive compensation for military contractors, Punchbowl News reported on Tuesday.The directive targets some of the biggest companies that supply the Pentagon with war fighting equipm...Reuters
11 minutes ago
Lennar posts weak quarterly profit as homebuying demand dips
Dec 16 (Reuters) - U.S. homebuilder Lennar LEN.N missed Wall Street's estimates for fourth-quarter profit on Tuesday, as affordability pressures continued to weigh on homebuying demand, sending the company's shares down more than 4% in after-hours trading.Co-CEO Stuart Miller said that while...Reuters
42 minutes ago
Swift Anglo-Teck merger approval shows Canada's pro-business shift, dealmakers say
Canada approves $53 billion Anglo-Teck merger Anglo-Teck commits C$4.5 billion investment in CanadaCanada signals openness to business post-tariff era, experts sayBy Divya Rajagopal TORONTO, Dec 16 (Reuters) - Canada's swift approval of the $53 billion merger between British miner Anglo Ameri...Reuters
53 minutes ago
Italy's Natuzzi's Q3 revenue dips
OverviewItaly luxury furniture maker's Q3 revenue fell 0.8% yr/yr due to weak consumer demandCompany's gross margin improved to 36.0% of revenue, from 31.8% in Q3 2024Operating loss narrowed to €1.7 mln from €3.8 mln in Q3 2024OutlookNatuzzi is advancing discussions for a restructuring plan ...Reuters
an hour ago
Chile central bank trims interest rate to 4.5%
SANTIAGO, Dec 16 (Reuters) - Chile's central bank on Tuesday trimmed its benchmark interest rate by 25 basis points to 4.5% in a unanimous decision, in line with expectations, as inflation further cooled.In both October and November, annual inflation came in at 3.4%, within the central bank'...Reuters
2 hours ago
Chile central bank trims interest rate to 4.5%
SANTIAGO, Dec 16 (Reuters) - Chile's central bank on Tuesday trimmed its benchmark interest rate by 25 basis points to 4.5% in a unanimous decision, in line with expectations, as inflation further cooled.In both October and November, annual inflation came in at 3.4%, within the central bank'...Reuters
2 hours ago
Dallas Fed paper argues federal funds rate transmission effectiveness waning
Dallas Fed warns federal funds rate losing its potencyTri-party general collateral rate works better to transmit monetary policyDallas Fed paper comes as bank leader Logan argues for reform By Michael S. Derby NEW YORK, Dec 16 (Reuters) - New research from the Federal Reserve Bank of Dallas is bu...Reuters
3 hours ago
More rate cuts could reignite inflation, hurt Fed credibility, Bostic says
By Howard Schneider WASHINGTON, Dec 16 (Reuters) - Further interest rate cuts could put U.S. monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation expectations, Atlanta Federal Reserve President Raphael Bo...Reuters
3 hours ago
TREASURIES-US yields fall as unemployment rate rises
Unemployment rate rises, data clouded by government shutdown distortionsEconomists expected 50,000 jobs, actual increase was 64,000Fed unlikely to cut rates soon, awaits job market clarityBy Karen Brettell NEW YORK, Dec 16 (Reuters) - U.S. Treasury yields fell on Tuesday after data showed an unex...Reuters
3 hours ago
What to Watch in the Day Ahead - Wednesday, December 17
Federal Reserve Board Governor Christopher Waller is likely to speak on the economic outlook before the Yale University CEO Summit (0815/1315). Meanwhile, Federal Reserve Bank of New York President John Williams is expected to give opening remarks before the 2025 FX (Foreign Exchange) Market Structu...Reuters
4 hours ago
Trump's approval rating slips to 39%, economy weighs, Reuters/Ipsos poll finds
Trump's approval rating drops to near lowest levelRepublican support for Trump's handling of economy declinesInflation remains elevated under Trump's administrationBy Jason Lange WASHINGTON, Dec 16 (Reuters) - President Donald Trump's approval rating slipped in recent days to near...Reuters
4 hours ago
WRAPUP 4-US job growth snaps back in November; shutdown distorts unemployment rate
Nonfarm payrolls increased by 64,000 jobs in NovemberEmployment declined by 105,000 in October due to federal government job lossesThe unemployment rate was 4.6% in NovemberGovernment shutdown prevented data collection for October jobless rateBy Lucia Mutikani WASHINGTON, Dec 16 (Reuters) - U.S. ...Reuters
4 hours ago
Moroccan central bank holds key rate at 2.25%
By Ahmed EljechtimiRABAT, Dec 16 (Reuters) - Morocco's central bank held its benchmark interest rate at 2.25% for a third consecutive meeting on Tuesday, saying current borrowing costs were appropriate given easing inflation domestically and global economic uncertainty. Due to a drop in food and...Reuters
4 hours ago
JD Vance asks for patience in Pennsylvania on US cost of living
VP JD Vance visits Pennsylvania to highlight economic policiesTour includes Uline warehouse, owned by major Trump donorsRising costs and inflation create political pressure for RepublicansBy Jarrett Renshaw ALBURTIS, Pennsylvania, Dec 16 (Reuters) - U.S. Vice President JD Vance called for patienc...Reuters
5 hours ago
EU drops 2035 combustion engine ban as global EV shift faces reset
EU sets 90% car CO2 emission reduction target for 2035EU's EV policy shift may benefit Chinese automakersComes after Ford takes $19.5 bln charge, retreats from EVsAnalysts say picture more nuanced in Europe vs USBy Philip Blenkinsop STRASBOURG, Dec 16 (Reuters) - The European Commission unvei...Reuters
5 hours ago
