Electric vehicle (EV) manufacturer Rivian announced its second round of layoffs just this year on Wednesday as consumer demand for EVs stalls. The layoffs at Rivian will affect around 1% …
Slows
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By Lucia Mutikani WASHINGTON (Reuters) – U.S. services industry growth slowed further in March, while a measure of prices paid by businesses for inputs dropped to a four-year low, which …
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EAST ORANGE, NJ — A crash occurred on the Garden State Parkway southbound at Exit 147, Clinton Ave. Despite the incident, all lanes remain open with the vehicles involved moved …
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By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank on Monday kept its monetary policy settings unchanged, as expected, in its first review of the year as inflation pressures continued …
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By Samuel Indyk LONDON (Reuters) – European companies haven’t had such a low bar to clear in terms of earnings expectations in years, not least because of the highly complex …
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(Reuters) – Comerica on Friday forecast an 11% drop in its net interest income (NII) in 2024, as it pays more interest on deposits to keep customers from moving to …
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By Stella Qiu SYDNEY (Reuters) – Australian employment fell sharply in December after two months of surprisingly strong growth, while the jobless rate stayed at a 1-1/2 year high, adding …
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By Howard Schneider WASHINGTON (Reuters) – The slide in inflation that gathered pace at the end of 2023 has begun shifting attention at the U.S. Federal Reserve to the health …
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A look at the day ahead in European and global markets from Tom Westbrook A lurch lower in Australian inflation may be an encouraging sign for Thursday’s U.S. figures, where …
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WASHINGTON (Reuters) – The U.S. services sector slowed considerably in December, with a measure of employment dropping to the lowest level in nearly 3-1/2 years, a survey showed on Friday. …
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DUBLIN (Reuters) – Growth in Ireland’s services sector slowed in December as higher prices tempered new business demand, but new exports and the outlook for future activity both improved, a …
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NAIROBI (Reuters) – Kenya’s inflation slowed slightly to 6.6% year on year in December, down from 6.8% in November, the statistics office said on Friday. On a month-on-month basis inflation …
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SINGAPORE (Reuters) – Singapore’s key consumer price gauge slowed to 3.2% in November on the year, in line with expectations, official data showed on Tuesday, and headline inflation fell to …
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(Reuters) – Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses and a slower pace of …
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SYDNEY (Reuters) – Australian business confidence fell to its lowest since the pandemic in November as sales and profits softened, a survey showed on Tuesday, while price pressures picked up …
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By Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s industrial output growth slowed in October as the unemployment rate dropped to a record low 2.9%, federal statistics showed on …
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By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economy grew by 2.54% in the third quarter, largely steady from the 2.51% in the second quarter, data showed on Friday, as the oil …
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(Reuters) – Bath & Body Works lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on …
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NEW YORK (Reuters) – U.S. bond giant Pacific Investment Management Company (PIMCO) said on Tuesday it favors bonds over other asset classes next year as it expects economic growth to …
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By Hari Kishan BENGALURU (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists in a Reuters poll, who …
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By Gavin Jones and Antonella Cinelli ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months, preliminary data showed on Tuesday, a weaker reading than …
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BEIJING (Reuters) – China’s fiscal revenue grew 8.9% in the first nine months, decelerating from a 10% gain in January-August, official data showed, as its economic recovery remained on shaky …
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SEOUL (Reuters) – South Korea’s household borrowing grew in September for a sixth straight month, but by a smaller amount than the month before, central bank data showed on Thursday. …
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BERLIN (Reuters) – Investor morale in the euro zone fell less than expected at the start of October, with Germany’s economic weakness continuing to drag on the region but expectations …
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WASHINGTON (Reuters) – The U.S. services sector slowed in September as new orders fell to a nine-month low, but the pace remained consistent with expectations for solid economic growth in …