Where Netflix goes, Big Tech may follow
SAN FRANCISCO (Reuters) - Netflix Inc's
quarterly report on Monday may offer an advanced preview of whether Facebook Inc , Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering.
Asia stocks rise on China growth, U.S. govt. funding woes dent dollar
TOKYO (Reuters) - Asia stocks shook off losses on Wall Street and edged up to record highs on Friday following China's announcement of faster-than-expected fourth quarter growth, while worries over a possible U.S. government shutdown weighed on the dollar.
Wall St. pauses rally as utilities, industrials fall
NEW YORK (Reuters) - Wall Street fell on Thursday as losses in industrials and interest-rate sensitive sectors offset marginal gains in tech stocks.
Fed's Williams under consideration for No. 2 Fed post: WSJ
(Reuters) - San Francisco Federal Reserve Bank President John Williams is under consideration by the White House for the post of vice chair of the Fed Board in Washington, the Wall Street Journal reported on Thursday, citing unnamed people familiar with the matter.
U.S. workforce shortages bolster case for Fed rate hikes
LINCOLNSHIRE, Ill. (Reuters) - HydraForce Inc is going to almost desperate lengths, including offering to bus in out-of-town workers, to find the muscle it needs to meet growing demand for hydraulic valves from its three factories north of Chicago.
Japan's December core inflation likely steady, BOJ policy seen unchanged
TOKYO (Reuters) - Japan's consumer prices are expected to have posted a 12th straight month of gains in December, a Reuters poll found, although the persistently modest inflation will pressure the central bank to maintain its stimulus to meet its 2 percent target.
Empty prisons, grounded warplanes: U.S. budget dysfunction hits home
WASHINGTON (Reuters) - Three hours west of Chicago, a federal prison stands ready to take in thousands of inmates and hire hundreds of guards, but its expansion is on hold, awaiting approval from a U.S. Congress that is again paralyzed by budget disputes.
Oil prices fall over 1 percent on recovery in U.S. output
SINGAPORE (Reuters) - Oil prices dropped more than 1 percent on Friday as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.
Dollar wallows near three-year trough, fears of U.S. govt. shutdown add to gloom
TOKYO (Reuters) - The dollar was lodged near a three-year low against a basket of currencies on Friday as fears of a possible U.S. government shutdown added to underlying weakness that stems from the growing trend toward monetary policy normalization around the world.
India goods, services tax benefit probably won't show up next year: poll
BENGALURU (Reuters) - India's economy won't significantly benefit from a goods and services tax until after next fiscal year, according to a slim majority of economists polled by Reuters, but almost half said rewards might come sooner.