U.S. retail sales surprise to upside in strong boost to economy
WASHINGTON (Reuters) - U.S. retail sales unexpectedly increased in August, likely boosted by back-to-school shopping and child tax credit payments from the government, which could temper expectations for a sharp slowdown in economic growth in the third quarter.
Analysis-How Wall Street's hottest dealmaking trend fizzled
(Reuters) - Los Angeles Dodgers co-owner Todd Boehly made a lucrative offer last March that Sportradar Group AG founder and CEO Carsten Koerl could not pass up.
Biden expects Congress to approve spending, infrastructure bills
(Reuters) -U.S. President Joe Biden on Thursday expressed confidence that Congress will pass both a bill funding infrastructure investments and a supplementary spending bill as Democrats seek to infuse trillions of dollars into the U.S. economy.
Fed's Powell orders sweeping ethics review after officials' trading prompts outcry
WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has ordered a sweeping review of the ethics rules governing financial holdings and dealings by senior officials at the U.S. central bank, a Fed spokesperson said on Thursday.
As workers age, robots take on more jobs -study
(Reuters) - It turns out robots are taking over jobs fastest around the world in places where their human counterparts are aging the most rapidly.
S&P ends modestly lower as rising Treasury yields offset robust retail data
NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.
ECB's Lane reveals in private meeting inflation target may be hit by 2025 - report
FRANKFURT (Reuters) - European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times reported on Thursday.
U.S. Gulf crude oil ramps up after hurricane losses -data
HOUSTON/NEW YORK (Reuters) -U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.
Russia mulls new extraction tax and higher profit tax for metals firms -sources
MOSCOW (Reuters) - Russia's finance ministry proposed setting a mineral extraction tax (MET) linked to global prices for producers of iron ore, coking coal and fertilisers, as well as ore mined by Nornickel, four sources at companies familiar with talks told Reuters.
Foreign holdings of U.S. Treasuries hit a record high in July -data
NEW YORK (Reuters) -Foreign holdings of Treasuries rose for a fourth straight month in July, hitting a record high, data from the Treasury Department showed on Thursday.