Headlines

Wall St rallies, dollar drops after cooler US inflation; Fed in the wings

Wall St rallies, dollar drops after cooler US inflation; Fed in the wings

NEW YORK (Reuters) -U.S. stocks rallied and the dollar sank as cooler-than-expected inflation data fueled rate cut optimism, hours bef..

Germany’s May inflation rises 2.8% on higher services prices

Germany’s May inflation rises 2.8% on higher services prices

BERLIN (Reuters) -German inflation rose in May due to higher services prices, the federal statistics office said on Wednesday, confirm..

UK economy shows no growth in April – ONS

UK economy shows no growth in April – ONS

(Reuters) -A swift rebound in Britain’s economy in early 2024 came to a halt in April, driven by sharp declines in industrial an..

Exclusive-Capital Group shakes up strategy to hit $4 trillion by 2031

Exclusive-Capital Group shakes up strategy to hit $4 trillion by 2031

LONDON (Reuters) – Capital Group aims to grow its fixed income business, accelerate overseas expansion and diversify away from i..

Dollar calm ahead of inflation test, Fed decision

Dollar calm ahead of inflation test, Fed decision

TOKYO (Reuters) – The dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market pl..

Oil climbs on optimistic demand outlook

Oil climbs on optimistic demand outlook

SINGAPORE (Reuters) -Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administra..

Johnson & Johnson reaches $700 million talc settlement with US states

Johnson & Johnson reaches $700 million talc settlement with US states

NEW YORK (Reuters) – Johnson & Johnson has agreed to pay $700 million to settle an investigation by 42 U.S. states and Washi..

How Apple used Google’s help to train its AI models

How Apple used Google’s help to train its AI models

SAN FRANCISCO (Reuters) – On stage on Monday CEO Tim Cook’s Apple announced a splashy deal with OpenAI to include its powe..

NASA, Boeing push back Starliner’s crewed return to June 18

NASA, Boeing push back Starliner’s crewed return to June 18

WASHINGTON (Reuters) – NASA and Boeing said they expect to bring Starliner and its first astronaut crew back to Earth from the I..

World Bank says global growth stabilizing but well below pre-pandemic levels

World Bank says global growth stabilizing but well below pre-pandemic levels

WASHINGTON (Reuters) – The World Bank on Tuesday said the U.S. economy’s stronger-than-expected performance has prompted i..