Reversing fall in UK confidence requires policy turnaround: economists

Reversing fall in UK confidence requires policy turnaround: economists

LONDON, Sept 27 (Reuters) – Investor confidence in Britain will only recover if Finance Minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday. The pound touched an all-time low of $1.0327 on Monday and British government bonds sold off at a furious…

Wall Street posts fourth straight day of gains ahead of CPI report

Wall Street posts fourth straight day of gains ahead of CPI report

Sign up now for FREE unlimited access to Reuters.com Register Headline CPI fell on Tuesday Bristol Myers Rises on FDA Approval for Psoriasis Drug Twitter says Musk’s latest attempt to cancel the deal is invalid Indexes rose: Dow 0.71%, S&P 1.06%, Nasdaq 1.27% NEW YORK, Sept 12 (Reuters) – Wall Street extended its winning streak…

Morning quote: Fed Chair Powell hopes to make Maradona

Morning quote: Fed Chair Powell hopes to make Maradona

Federal Reserve Chairman Jerome Powell and his wife Elissa Leonard attend a dinner program in Grand Teton National Park where financial leaders from around the world gather for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 25, 2022. REUTERS/ Jim Urquhart Sign up now for FREE unlimited access to Reuters.com Register A look…

As Fed warns of turbulence, markets are buckling their seat belts

As Fed warns of turbulence, markets are buckling their seat belts

WASHINGTON, Aug 15 (Reuters) – The Federal Reserve’s hawkish report on inflation quickly registered on U.S. housing markets this summer as mortgage interest rates shot up and home sales slowed. But that was the only significant and expected adjustment across the economy, which met the US central bank’s most aggressive monetary policy shift in a…

Weekly U.S. jobless claims rise, but labor market remains tight

Weekly U.S. jobless claims rise, but labor market remains tight

Weekly jobless claims rise 6,000 to 260,000 Continuing claims will rise by 48,000 to 1.416 million The trade deficit narrowed by 6.2% to $79.6 billion in June WASHINGTON, Aug 4 (Reuters) – The number of Americans filing new claims for unemployment benefits rose last week, suggesting some softening in the labor market, although overall conditions…

Analysis: Colgate, Tide maker P&G adjusts pricing tactics to retain cash-strapped shoppers

Analysis: Colgate, Tide maker P&G adjusts pricing tactics to retain cash-strapped shoppers

People shop at a supermarket as rising inflation affects consumer prices in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson/File Photo Sign up now for FREE unlimited access to Reuters.com Register NEW YORK, July 25 (Reuters) – Makers of everyday staples such as Colgate toothpaste and Charmin toilet paper are preparing new strategies to…