U.S. vulnerable to global slowdown, volatility: Fed’s Fischer
NEW YORK (Reuters) – The U.S. economy could suffer, with inflation remaining too low, if recent volatility in financial markets persists and signals a slowdown in the global economy, the Federal Reserve’s second-in-command said on Monday.
Obama likely to discuss TPP, Puerto Rico with Republican leaders: White House
WASHINGTON (Reuters) – President Barack Obama is likely to discuss a range of issues from international trade to Puerto Rico’s fiscal crisis when he meets with House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell on Tuesday, White House s…
Abbott Labs to buy diagnostics company Alere for $5.8 billion
(Reuters) – Abbott Laboratories said it would buy Alere Inc for $5.8 billion to become a leader in point-of-care testing, a fast-growing market as physicians increasingly adopt rapid tests that speed up treatment.
Banks eased loan standards for U.S. households in fourth quarter: Fed survey
WASHINGTON (Reuters) – Banks lowered lending standards for U.S. households in the fourth quarter but tightened them for commercial and industrial loans, according to a survey of loan officers released on Monday by the Federal Reserve.
Monthly coal use for U.S. power fell to 35-year low in November: EIA
(Reuters) – U.S power generation from coal fell to the lowest monthly level in 35 years in November 2015 as generators switched to cleaner and cheaper natural gas, according to federal data.
Oil drops 6 percent on China data, slim chances of OPEC deal
NEW YORK (Reuters) – U.S. crude oil prices fell 6 percent on Monday as weak economic data from China, the world’s largest energy consumer, reversed a four-day rally from last week and an OPEC source undermined chances of an emergency meeting to stem th…
Alphabet to give first peek at cost of ‘moonshot’ bets
(Reuters) – How much is Google-parent Alphabet Inc spending on “moonshots” – self-driving cars, glucose-monitoring contact lenses, Internet balloons and other ambitious projects?
Global factories parched for demand, need stimulus
LONDON/SYDNEY (Reuters) – January surveys of global factory activity released on Monday showed the new year began much as the old one ended, with too much capacity chasing too little demand.
Stocks retreat after grim China data, oil plummets
NEW YORK (Reuters) – Global markets got February off to a cautious start on Monday following a rocky January, with stocks and oil falling in the wake of weak manufacturing reports around the world.
Cheap oil won’t juice the U.S. economy this time: Reuters poll
WASHINGTON(Reuters) – U.S. consumers are cautious about spending their windfall from cheap gasoline and are saving more, according to a Reuters/Ipsos poll and official data, suggesting low oil prices are less of a boon for the U.S. economy than in the …
