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Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Customers use ATMs at a Citibank department within the Jackson Heights community of the Queens borough of New York City, U.S. October 11, 2020....

US annual inflation slows to below 5%, price pressures still strong

Consumer price index will increase 0.4% in AprilCPI rises 4.9% year-on-yearCore CPI beneficial properties 0.4%; up 5.5% year-on-yearWASHINGTON, May 10 (Reuters) - The annual...

Wall Street tumbles as Credit Suisse sparks fresh bank selloff

Feb retail gross sales, manufacturer inflation fallCredit Suisse U.S. stocks hit document lowRegional bank shares fallIndexes down: Dow 1.82%, S&P 1.55%, Nasdaq 0.88%NEW ...

Wall Street gains as inflation cools, bank jitters subside

Feb CPI consistent with expectanciesRegional banks reboundMeta rises on extra layoff plansUber, Lyft achieve following California courtroom determinationIndexes up: Dow 0.23%, S&P 0.82%, Nasdaq...

U.S. labor market remains tight; housing recession persists

Weekly jobless claims fall 15,000 to 190,000Continuing claims enhance 17,000 to 1.647 millionSingle-family housing begins rise 11.3%; permits fall 6.5%WASHINGTON, Jan 19 (Reuters)...

Goldman job cuts hit investment banking, global markets hard -source

Mass redundancies, spending assessment beckons for Wall Street bigCuts to all main divisions anticipated, globallyRestructuring in Asian wealth unit kicks off Wednesday's layoffsNEW YORK/LONDON/HONG...

U.S. consumer spending solid in October; weekly jobless claims fall

WASHINGTON, Dec 1(Reuters) - U.S. consumer spending elevated solidly in October, whereas inflation moderated, giving the economic system a strong increase in the...

Column: U.S. diesel shortage increasingly likely until economy slows

LONDON, Oct 27 (Reuters) - U.S. diesel provides have gotten critically low with shortages and value spikes likely to happen within the subsequent...

U.S. weekly jobless claims hit 8-month high; producer prices come in hot

Weekly jobless claims enhance 9,000 to 244,000Continuing claims fall 41,000 to 1.331 millionProducer value index will increase 1.1% in JuneCore producer prices rise...

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