Oil ends lower, posts weekly decline as US rate cut hopes dim

By Nicole Jao NEW YORK (Reuters) -Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be delayed by at least two more months. Brent crude futures settled down $2.05, or 2.5%, at $81.62 a barrel, while U.S. West Texas Intermediate […]

US state agriculture officials eye Cuba’s private sector

By Marc Frank HAVANA (Reuters) – The leader of an association of top U.S. state agriculture officials on Wednesday said his country might want to take advantage of reforms underway in Cuba, possibly through investments. “There seems to be a new Cuba that is emerging and it may represent a pathway toward greater collaboration,” Ted […]

UBS Wealth Management Pushes Back Fed Rate-Cut Forecast to June

(Reuters) -UBS Global Wealth Management said it now expects the U.S. Federal Reserve to start lowering interest rates in June, compared to its prior view of cuts beginning in May. The economy has been “resilient” in the face of tighter monetary policy, which has led the brokerage to push back its earlier forecast of a […]

Ford Cuts Prices of Electric Mustang Mach-E by up to $8,100

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January. The No. 2 U.S. automaker’s lowest-price 2023 model year Mach E version now has a suggested retail price of $39,895, down from $42,995. The […]

Yields, dollar rise after stronger-than-expected US PPI data

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. Treasury yields rose and the dollar edged up against the yen on Friday after data showed U.S. producer prices increased more than expected in January, adding to the view that any interest rate cuts by the Federal Reserve are not imminent. U.S. stocks ended lower, while the MSCI […]

Frigid temperatures chill US retail sales, factory production

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell by the most in 10 months in January, but economists cautioned against reading too much into the sharp drop amid frigid temperatures and difficulties adjusting the data for seasonal fluctuations at the start of the year. Still, the report from the Commerce Department on Thursday […]

Uber Hits Record High After Unveiling First-ever $7 Billion Share Buyback

By Samrhitha A (Reuters) -Uber Technologies shot to a record high on Wednesday after announcing its first-ever buyback of $7 billion worth of company shares after a strong recovery in ride-share revenue and healthy demand in its food delivery business. The company posted its first annual net profit last week since it went public in […]

Restaurant Brands gets a lift from Burger King turnaround, strong demand at Tim Hortons

By Deborah Mary Sophia (Reuters) -Restaurant Brands International beat Wall Street estimates for quarterly results on Tuesday, fueled by early success of an ongoing turnaround at its Burger King business and robust demand at coffee chain Tim Hortons. The company’s shares, however, slipped 3% on caution around its business in China and sluggish international sales […]

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    Oil ends lower, posts weekly decline as US rate cut hopes dim

    February 23, 2024

    By Nicole Jao NEW YORK (Reuters) -Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be delayed by at least two more months. Brent crude futures settled down $2.05, or 2.5%, at $81.62 a barrel, while U.S. West Texas Intermediate […]
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