Fed’s Williams wants low rates, hot economy in 2016
SAN FRANCISCO (Reuters) – The Federal Reserve aims to keep the U.S. economy running hot next year to boost the job market and inflation, a top central banker said, and to achieve that goal interest-rate hikes will be slow but will not follow any predic…
Oil ends down for third week as U.S. rig count rises
NEW YORK (Reuters) – Oil prices fell about half a percent on Friday after the U.S. oil rig count unexpectedly rose for the first time in five weeks, pressuring a market already at seven-year lows.
Bombardier’s Beaudoin seen stepping down as chairman: source
WASHINGTON/MONTREAL (Reuters) – Pierre Beaudoin is expected to step down as executive chairman of Canada’s Bombardier Inc in early 2016, according to a source familiar with discussions about the issue, a move that could erode family control of the plan…
Wall St. slides on lower crude prices, stock options expiry
(Reuters) – U.S. stocks closed lower on Friday for the second straight day, as concerns, ranging from a decline in crude oil prices to the global response to the Federal Reserve’s interest hike, weighed down the market.
Global stocks fall on global growth worries, dollar slips
NEW YORK (Reuters) – Global equity markets fell sharply on Friday as slumping oil prices raised concerns about slower growth, while the dollar slipped against the yen on views the Bank of Japan may not ease policy as much as expected.
Fed’s Lacker says four rate hikes in 2016 would be “gradual”
CHARLOTTE, N.C. (Reuters) – Federal Reserve forecasts pointing to four interest rate hikes in 2016 show what the U.S. central bank means when it says it anticipates raising rates at a “gradual pace,” Richmond Fed President Jeffrey Lacker said on Friday…
Exclusive: Target in initial development of own mobile wallet – sources
(Reuters) – Target Corp is in the early stages of developing its own mobile wallet, three people familiar with the matter said, joining Wal-Mart Stores Inc in posing a threat to recent entrants like Apple Pay.
Fed to raise rates again in March, follow up with fewer hikes: Reuters poll
(Reuters) – The U.S. Federal Reserve will raise interest rates again in the next three months, according to two-thirds of economists polled by Reuters, although many say rates won’t rise as quickly next year as policymakers have suggested.
Citi to cut 2,000 jobs starting next month: Bloomberg
(Reuters) – Citigroup Inc plans to cut at least 2,000 jobs starting next month as the lender restructures its businesses, Bloomberg reported.
Amazon in talks to lease Boeing jets to launch air-cargo business: report
(Reuters) – Amazon.com Inc is negotiating to lease 20 Boeing Co 767 jets to start its own air-delivery service next month, seeking to avoid delays from third-party carriers, the Seattle Times reported, citing cargo-industry executives.
