U.S. economy grows at fastest pace in more than two years
WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this we…
U.S. holiday shopping season surging towards a strong finish
CHICAGO (Reuters) – A jump in consumer spending in the final stretch of December should build on a strong start to the U.S. holiday season and help the embattled retail industry beat sales forecasts, industry research groups said. The spending boost in…
Wall Street higher as investors await tax-cut benefits
(Reuters) – Wall Street’s main indexes rose on Thursday as investors expected lower corporate tax rates to encourage companies to spend their additional capital on dividends, new projects and wage hikes.
Accenture’s digital push boosts earnings, shares hit record
(Reuters) – Consulting and outsourcing services firm Accenture Plc’s quarterly earnings and revenue topped Wall Street forecasts, as investments in fast-growing digital and cloud services paid off.
Wall St. heads higher as investors eye tax-cut benefits
(Reuters) – Wall Street’s main indexes rose on Thursday on hopes that lower corporate tax rates would allow companies to deploy additional capital on dividends, new projects and wages.
Fannie Mae, Freddie Mac receive $3 billion capital cushion
WASHINGTON (Reuters) – The U.S. regulator overseeing Fannie Mae and Freddie Mac has reinstated a $3 billion capital cushion for each of the mortgage guarantors, citing the imminent tax overhaul.
Wall Street opens higher after GDP data
(Reuters) – Wall Street opened higher on Thursday after data showed U.S. economy grew at its fastest pace in more than two years in the third quarter, while investors eyed gains from sweeping corporate tax cuts passed by Congress this week.
BNY Mellon freezes $22 billion in Kazakh oil fund assets: source
ALMATY/LONDON (Reuters) – Bank of New York Mellon has frozen $22 billion in assets held by Kazakhstan’s National Fund, a source told Reuters on Thursday, in a rare move that escalates a legal battle between the government and a Moldovan investor.
U.S. third-quarter economic growth trimmed; jobless claims rise
WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this we…
Futures make little progress even as Congress passes tax bill
(Reuters) – A long-promised bill to slash corporate taxes passed the U.S. Congress but failed to excite Wall Street on Thursday, as investors appeared to lock in gains after a record rally this year in anticipation of the bill.
