(Reuters) – U.S. business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting some possible relief ahead as the Federal Reserve looks for signs that the economy is ebbing enough to bring inflation down further. S&P Global said on […]

By Elizabeth Howcroft LONDON (Reuters) – Bitcoin’s so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency’s fortunes were more closely tied to broader financial market sentiment and geopolitics. Bitcoin enthusiasts had eagerly waited for the “halving” – a change to the cryptocurrency’s underlying technology […]

By Ananya Mariam Rajesh and Jessica DiNapoli (Reuters) – Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap. Even though P&G’s third-quarter net sales fell short of analysts’ expectations, the company has […]

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future. Economic data showed that the labor market remained resilient, […]

By Allison Lampert and Abhijith Ganapavaram (Reuters) -Boeing’s safety culture and manufacturing quality, both at the center of a corporate crisis following a January mid-air panel blowout on a near-new 737 MAX 9, were scrutinized on Wednesday in two U.S. Senate hearings. Testimony at the U.S. Senate Permanent Subcommittee on Investigations raised questions about Boeing’s […]

(This April 17 story has been officially corrected after Toyota clarified it incorrectly stated customer orders for the Prius model had been suspended, in the the headline and paragraph 1) TOKYO (Reuters) – Toyota Motor has recalled more than 135,000 Prius hybrid cars in Japan due to a problem with rear door handles. The cars […]

By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious U.S. Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings. Benchmark U.S. Treasury yields and the dollar eased back from multi-month highs, while gold backed down from its all-time high. All three major […]

By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) -Bank of America shares on Tuesday fell more than 3% after its first-quarter profits shrank and the bank set aside more money to cover souring loans from consumers whose finances are worsening. U.S. lenders have cited resilient household finances as evidence that the economy remains on […]