(Reuters) - The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as it slowly returns interest-rate policy to normal.
TOKYO (Reuters) - Asian stocks steadied early on Monday, taking cues from Wall Street shares hovering around record highs, while the pound nursed losses after a poll showed a shrinking lead for Prime Minister Theresa May's party in Britain's upcoming elections. MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed.
The man accused of stabbing and killing two passengers aboard a train in Portland, Ore. — after they tried to stop him from shouting anti-Muslim threats at two teen girls — was identified by police Saturday as a rabid racist and felon.
Members of the terrorist network behind last week’s suicide bombing in Manchester could still be at large, U.K. Home Secretary Amber Rudd said Sunday, as police made another arrest in their fast-moving investigation.
Back on American soil from his first foreign trip, President Donald Trump on Sunday released a flurry of Twitter posts dismissing White House leaks as “fake news,” though he has previously called for an investigation into leaks.
MOSCOW (Reuters) - Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.
A new pro-business president, record stock-market prices and the highest level of consumer confidence in years shows a lot has changed for the U.S. economy in 2017. But one thing hasn’t: growth is still pedestrian. Another healthy increase in hiring in May won’t change that.
FRANKFURT (Reuters) - Problems at one of its suppliers has forced German carmaker BMW to halt production in Leipzig and could hit its plants in China and South Africa, German magazine Focus reported in its online edition.
SEOUL/BEIJING (Reuters) - Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.
MUMBAI (Reuters) - Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.
(Reuters) - General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes.
For years, a key driver for U.S. stocks has been the idea that, no matter what potential headwinds there may be, they were more attractive than bonds. But now, with major equity indexes at records and valuations stretched by many metrics, that argument have become less compelling.
BOSTON (Reuters) - Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporations.
As the digital currency, bitcoin, has surged a breathtaking 400% over the past year, Wall Street may be apt to take Yves Lamoureux’s call a little more seriously. At least, that is the hope of the 54-year-old former retail broker and trader who established what he describes as macroeconomic research firm, Lamoureux & Co., about four years ago.
A report issued Wednesday by a California nonprofit claims that Tesla Inc. factory workers are injured at a higher rate than the industry average, and spend nearly twice as many days away from duty than the norm.
Nutanix Inc. enjoyed a strong quarter of sales growth fueled by an increased number of big-name corporate customers buying into its hybrid-cloud strategy, regaining some of its credence with investors.
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