U.S. consumer confidence slips; new home sales hit eight-month low
WASHINGTON (Reuters) – U.S. consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarte…
Fed’s Yellen says gradual hikes should continue, despite weak inflation
CLEVELAND (Reuters) – The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesday in remarks that acknowledged the central bank’s struggles to forecast one of it…
SEC chair grilled by Senate panel over cyber breach, Equifax
WASHINGTON (Reuters) – The chairman of the U.S. Securities and Exchange Commission (SEC) told a congressional committee on Tuesday he did not believe his predecessor Mary Jo White knew of a 2016 cyber breach to the regulator’s corporate disclosure syst…
Wall St. slips on mounting North Korea tensions
(Reuters) – U.S. stocks gave up early gains on Tuesday as rising tensions between the United states and North Korea weighed, while investors awaited Fed Chair Janet Yellen’s speech for more clarity on interest rate hikes.
Toyota to invest $373.8 million in five U.S. plants
(Reuters) – Toyota Motor Corp said on Tuesday it would invest $373.8 million in five manufacturing plants in the United States to produce its first American-made hybrid powertrain, as it looks to build more vehicles in the market which it sells.
Uber to withdraw from Quebec
TORONTO (Reuters) – Ride-hailing service Uber Technologies Inc [UBER.UL] said on Tuesday that it will stop operating in the Canadian province of Quebec next month, pulling out to avoid following tough new regulations announced last week.
U.S. consumer confidence falls; new home sales hit eight-month low
WASHINGTON (Reuters) – U.S consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter…
Nestle targets profit margin to satisfy investor hunger
LONDON/ZURICH (Reuters) – Nestle set a profit margin target for the first time on Tuesday, responding to an industry slowdown and pressure from activist investor Third Point for near-term returns from the world’s largest packaged food company.
Fed’s Brainard: Labor market disparities reducing U.S. economy’s potential
WASHINGTON (Reuters) – Labor market disparities in the U.S. economy are curbing the nation’s long-run potential growth, Federal Reserve Governor Lael Brainard said on Tuesday, as she urged the central bank to undertake more research to help diminish in…
U.S. homes in on NAFTA labor, investment as top officials join talks
OTTAWA (Reuters) – Talks to modernize NAFTA kick into higher gear on Tuesday when top officials from Canada, the United States and Mexico join the negotiations in Ottawa where the U.S. is expected to propose draft text on labor, investment and intellec…
