ECB set scene for June rate cut at last meeting, account shows
FRANKFURT (Reuters) -Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers will likely start cutting interest rates from a record high…
Gold set for best week in five on renewed US rate-cut hopes
By Ashitha Shivaprasad (Reuters) – Gold prices firmed on Friday, poised for their best week since April 5, following recent economic data that boosted bets of an interest rate cut…
US Post Office chief defends restructuring plan as net loss narrows
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy defended the Postal Service’s 10-year restructuring plan in the face of harsh criticism from lawmakers as the agency reported a…
Ford mulls offering gas-powered vehicles, hybrids in Europe beyond 2030
(Reuters) – Ford Motor is considering offering gas-powered vehicles and hybrids beyond 2030 in Europe, a change from its initial plan for an all-electric lineup in the region, the Detroit…
Apple to power AI servers with its chips, Bloomberg News reports
(Reuters) – Apple will deliver some of its upcoming artificial intelligence features this year through data centers powered by its own in-house chips, Bloomberg News reported on Thursday, as the…
US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
WASHINGTON (Reuters) – U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide…
Factbox-EU to target LNG, ships, violations in new Russia sanctions package
BRUSSELS (Reuters) – European Union ambassadors will hold a first discussion on Wednesday on a planned 14th package of sanctions against Russia over its 2022 full-scale invasion of Ukraine. The…
Boeing Starliner capsule’s first crewed flight delayed over rocket glitch
(Reuters) – Boeing’s <BA.N> long-awaited first crewed test flight of the new Starliner space capsule was called off for at least 24 hours over a technical issue that launch teams…
US FAA opens probe into Boeing 787 inspections
By David Shepardson and Allison Lampert WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing 787 Dreamliner after the planemaker said some…
Fed’s Williams says next Fed move likely to be lower rates
By Michael S. Derby (Reuters) – Federal Reserve Bank of New York President John Williams said Monday that at some undefined point the U.S. central bank will lower its interest…