‘Very uncertain’ Yellen still predicts U.S. inflation rebound
NEW YORK (Reuters) – Federal Reserve Chair Janet Yellen stuck by her prediction that U.S. inflation will soon rebound but offered on Tuesday an unusually strong caveat: she is “very uncertain” about this and is open to the possibility that prices could…
NAFTA talks hit wall as Mexico, Canada push back on U.S. demands
MEXICO CITY (Reuters) – The United States, Mexico and Canada failed to resolve any major differences in a fifth round of talks to rework the NAFTA trade deal, drawing a swift complaint from the Trump administration on Tuesday that the lack of progress …
Stocks rally on boost from strong global growth, earnings
SYDNEY (Reuters) – Asian shares joined a global rally to reach their highest in a decade on Wednesday as strong world growth and rising corporate profits lured hordes of investors into equities, while oil prices jumped closer to a recent 2-1/2 year to…
U.S. FCC chief plans to ditch U.S. ‘net neutrality’ rules
WASHINGTON (Reuters) – The head of the U.S. Federal Communications Commission unveiled plans on Tuesday to repeal landmark 2015 rules that prohibited internet service providers from impeding consumer access to web content in a move that promises to rec…
Fed close to goals, sees dual risks as it hikes rates: Yellen
NEW YORK (Reuters) – The Federal Reserve is “reasonably close” to its goals and should keep gradually raising U.S. interest rates to avoid the dual pitfalls of letting inflation drift below target for too long, and of driving unemployment down too far,…
New York Times to develop more products beyond news subscriptions
(Reuters) – The New York Times Co plans to develop two or three new standalone digital products next year focused on lifestyle topics as part of its push to get more people to pay for its content beyond traditional news, a senior executive told Reuters…
Tech gains help propel Wall Street to record highs
NEW YORK (Reuters) – U.S. stocks jumped on Tuesday, pushing all three major indexes to record closing highs, led by gains in this year’s top-performing technology sector.
HP Enterprise CEO Meg Whitman to step down
(Reuters) – Hewlett Packard Enterprise Co said on Tuesday that Meg Whitman was stepping down as chief executive officer after six years at the helm during which she steered the company through the biggest breakup in corporate history.
Disney-Pixar animation executive Lasseter takes leave after ‘missteps’: memo
(Reuters) – Walt Disney Co executive John Lasseter, who heads animation at both Disney and Pixar, told company staff on Tuesday he was taking a six-month leave of absence following what he called “missteps” including unwanted hugs that made employees u…
U.S. FCC chief plans to dump Obama-era ‘net neutrality’ policy
WASHINGTON (Reuters) – The head of the U.S. Federal Communications Commission unveiled plans on Tuesday to scrap landmark 2015 rules intended to ensure a free and open internet, moving to give broadband service providers sweeping power over what conten…
