By Sarah Morland and Raul Cortes MEXICO CITY (Reuters) – Mexican Economy Minister Marcelo Ebrard said on Wednesday that a 25% across-the-board tariff proposed by U.S. President-elect Donald Trump would lead to the loss of 400,000 jobs in the United States, slow growth and hurt U.S. companies and consumers. “It’s a shot in the foot,”…
MOSCOW (Reuters) – Sanctions imposed by the United States on Russia’s third largest lender Gazprombank, which handles the energy trade, are behind the rouble’s free fall in recent days, a top executive from VTB, Russia’s second largest bank, said on Wednesday. “My assumption is that the sanctions against Gazprombank have had a significant impact, as…
(Reuters) – The personal consumption expenditures (PCE) price index climbed 0.2% in October, the Commerce Department said on Wednesday, matching September’s unrevised gain. In the 12 months through October, the PCE price index increased 2.3 after advancing 2.1% in September. Excluding the volatile food and energy components, the PCE price index rose 0.3%, after a…
Investing.com — HSBC downgraded CrowdStrike Holdings Inc (NASDAQ:CRWD) to “hold” from “buy” on Thursday, citing limited near-term visibility on revenue growth, even after the cybersecurity firm reported better-than-expected quarterly results. CrowdStrike’s revenue for the third quarter of fiscal 2025 grew 29% from a year earlier, crossing $1 billion for the first time. The results exceeded Wall…
By Harry Robertson and Amanda Cooper LONDON (Reuters) -French stocks and bonds fell sharply on Wednesday, driving the premium the government pays for long-term borrowing to its highest since the euro zone debt crisis of 2012, as investors grew uneasy over the fate of the new government and its budget. Prime Minister Michel Barnier told…
By Elizabeth Pineau PARIS (Reuters) – The future for French Prime Minister Michel Barnier’s government looks bleak, with his struggles to push the 2025 budget through a polarised parliament increasingly likely to end in the toppling of his fragile coalition. Barnier’s government could fall before Christmas, and perhaps even by next week, if far-right and…
By Hari Kishan BENGALURU (Reuters) – Most major stock markets will fail to even repeat this year’s lacklustre performance in 2025 based on the prospect of global trade tensions and a worsening inflation outlook holding back gains, according to a Reuters poll of equity analysts. U.S. President-elect Donald Trump’s plan to impose tariffs on its…
NORTH WILDWOOD, N.J. (AP) — A decadelong conflict over the condition of a New Jersey resort town’s beaches, involving tens of millions of dollars in litigation and fines, could come to an end soon. Patrick Rosenello, the mayor of North Wildwood, says his town has reached an agreement with the New Jersey Department of Environmental…
Customers shop in the deli meat aisle of a grocery store on October 17 in Miami, Florida.Joe Raedle/Getty Images CNN — The Federal Reserve’s favored inflation gauge just moved in the wrong direction. It comes as President-elect Donald Trump promises massive tariffs that could push the cost of living even higher. The Personal Consumption Expenditures…
College Football Playoff 2024: Byes, bracket and new top 25 Imagn Images ESPN Nov 26, 2024, 08:37 PM ET Email Print The College Football Playoff committee released its fourth set of rankings Tuesday, and the big news was that only three SEC teams are in the current field — and two of them would play…
