Business

NEW YORK (Reuters) — U.S. stocks closed lower on Wednesday, with indexes volatile after minutes from the Federal Reserve’s meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September. Major indexes sharply cut their losses …

WASHINGTON (Reuters) — Federal Reserve officials saw “little evidence” late last month that U.S. inflation pressures were easing, and steeled themselves to force the economy to slow down to control an ongoing surge in prices, according to the minutes of their July 26-27 policy meeting. …

WASHINGTON (Reuters) — U.S. retail sales were unexpectedly unchanged in July as falling gasoline prices weighed on receipts at service stations, but consumer spending appeared to pick up at the start of the third quarter, further assuaging fears the economy was in a recession. Declining gasoline pr…

WASHINGTON (Reuters) — Production at U.S. factories increased more than expected in July as output rose at motor vehicle plants and elsewhere, pointing to underlying strength in manufacturing despite ebbing business confidence. Manufacturing output rebounded 0.7% last month after declining 0.4% in …

NEW YORK/LONDON (Reuters) — Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility. The exodus of participants, especially he…

NEW YORK (Reuters) — Stronger-than-expected corporate earnings have helped fuel the rebound for U.S. stocks but some investors are pointing to potential risks ahead for profits that could sap the market’s momentum. With the vast majority of S&P 500 companies reported, second-quarter earni…

(Press Release) — Atkins Kroll Inc., celebrating 55 years of service in the Commonwealth of the Northern Mariana Islands, announced its plans to plant deeper roots in the CNMI by building a new AK Toyota Lexus Automotive Sales and Service Center and Vehicle Repair Shop in Puerto Rico, Saipan. The n…

WASHINGTON (Reuters) — The Federal Reserve’s hawkish message on inflation registered quickly in U.S. housing markets this summer as mortgage rates shot up and home sales slowed. But that was the one prominent and anticipated adjustment across an economy that has met the U.S. central bank̵…

SINGAPORE (Reuters) — Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies. The dollar held near a one-week high as investors piled back into the safe-haven currency, while the Aussi…

(Reuters) — The U.S. Federal Reserve is hiking interest rates at the most aggressive pace in a generation, but the financial conditions it needs to tighten to tame soaring inflation are heading in the wrong direction. A rally in equities and falling government bond yields since the Fed’s June…