Browsing: Economy

Banks increased lending last week and deposits rose for the first time in a month, showing little evidence of an emerging credit crunch in the U.S.…

Costco’s CFO on Thursday offered some observations on inflationary pressures, saying they continue to “abate somewhat” for the retailer, especially with key food items.  “If you…

(Reuters) – Verizon Communications Inc (NYSE:) held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining” measures that are all but…

Treasury Secretary Janet Yellen on Friday said Congress must raise or suspend the U.S. debt ceiling by June 5 or risk a default, extending a previous…

French tire manufacturer Michelin has sold off its remaining assets in Russia and abandoned the country’s market. Michelin is selling its Russian branches to Power International…

By Anne Florentyna Gnanaraja Sekar and Ananya Mariam Rajesh (Reuters) -American Eagle Outfitters Inc cut its full-year revenue forecast on Wednesday, as demand for non-essentials, including…

Debt-ceiling talks are “up and down,” Republican Rep. Patrick McHenry of North Carolina, a key deputy for House Speaker Kevin McCarthy, told reporters on Friday. “We…

By Lucy Craymer WELLINGTON (Reuters) -The Reserve Bank of New Zealand Governor Adrian Orr said on Thursday the committee was confident in the level of restrictiveness…

President Joe Biden’s team and House Speaker Kevin McCarthy’s deputies are nearing a deal that would raise the U.S. debt ceiling and avoid a market-shaking default,…

Nordstrom’s decision to close both its downtown San Francisco stores will reportedly cost hundreds of employees their jobs in another blow to the California city plagued…