U.S. business activity growth hits 6-month low in December
Dec 16 (Reuters) - U.S. business activity growth slowed in December to the weakest pace since June, with new orders sliding for both manufacturers and service providers to cap a year of volatility and uncertainty for the American economy, survey data s...
30m ago
Europe's leaders and laggards in electric vehicle sales
By Nick Carey and Marie Mannes LONDON/STOCKHOLM, Dec 16 (Reuters) - As the European Union has looked to push carmakers towards electric vehicles, sales of EVs across the continent have been uneven, skewed more to northern and western countries, while ...
33m ago
Humana taps Amazon executive to head insurance unit as veteran retires
Dec 16 (Reuters) - Humana said on Tuesday that George Renaudin will step down as president of its insurance segment and named Amazon healthcare executive Aaron Martin as his successor. Renaudin, who played a pivotal role in establishing and growing th...
40m ago
Wall St slips at open as investors assess key jobs data
Dec 16 (Reuters) - Wall Street's main indexes slipped at the open on Tuesday after data broadly signaled a cooling U.S. economy, paving the way for more monetary policy easing by the Federal Reserve next year. The Dow Jones Industrial Average fe...
48m ago
White House adviser Hassett: Fed independence is really important
WASHINGTON, Dec 16 (Reuters) - White House economic adviser Kevin Hassett, one of President Donald Trump's top contenders to lead the Fed, said the independence of the central bank was important, amid concerns he might be too close to the president. "...
52m ago
Ford's $19.5 billion EV writedown signals tough road ahead for legacy carmakers
Dec 16 (Reuters) - Ford's $19.5 billion writedown tied to a reset of its electric-vehicle business highlights the mounting challenges for legacy automakers as they navigate waning demand and a changed regulatory backdrop, analysts said on Tuesday. The...
59m ago
US retail sales unexpectedly unchanged in October
WASHINGTON, Dec 16 (Reuters) - U.S. retail sales were unexpectedly flat in October, though consumer spending appears to have remained on a solid footing at the start of the fourth quarter despite the rising cost of living that is forcing some househo...
1h ago
UK's Starmer orders probe into foreign election interference after ex-Reform politician jailed, Times reports
LONDON, Dec 16 (Reuters) - British Prime Minister Keir Starmer has ordered a probe into foreign election interference after a former senior member of Reform UK was jailed for taking bribes to promote Russian interests in the European Parliamen...
1h ago
US job growth beats expectations in November; unemployment rate at 4.6%
By Lucia Mutikani WASHINGTON, Dec 16 (Reuters) - U.S. job growth rebounded in November after nonfarm payrolls declined in October because of government spending cuts, but the unemployment rate was at 4.6% as the labor market weakens against the backdro...
1h ago
Futures turn positive after jobs data
Dec 16 (Reuters) - U.S. stock index futures turned positive on Tuesday, as investors assessed a long-delayed jobs report and prospects of interest rate cuts by the Federal Reserve. A Labor Department report showed nonfarm payrolls increased 64,000 i...
1h ago
