Jul 31, 2023
Archer shares jump on air taxi deal with US Air Force

(Reuters) - Archer Aviation shares jumped as much as 33% on Monday after the air taxi maker entered into a deal to provide up to six of its "Midnight" aircraft to the U.S. Air Force. The deal, worth up to…

Jul 29, 2023
Wall Street ends week higher on US soft landing hopes

By Carolina Mandl and Bansari Mayur Kamdar (Reuters) - All three major U.S. indexes ended the week with gains, after a slew of Big Tech earnings, economic data and central bank announcements boosted investor confidence in a soft landing for…

Jul 28, 2023
Second-quarter U.S. earnings estimate still weak, but improving

By Caroline Valetkevitch NEW YORK (Reuters) -The forecast for second-quarter S&P 500 earnings is looking slightly improved from a week ago, although it remains weak with results in from more than half of the S&P 500 companies, Refinitiv data showed…

Jul 28, 2023
Oil posts fifth week of gains on signals of tighter supply

By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant. Risk appetite in wider financial markets has…

Jul 28, 2023
US annual inflation posts smallest rise in more than two years

By Lucia Mutikani WASHINGTON (Reuters) - Annual U.S. inflation rose at its slowest pace in more than two years in June, with underlying price pressures receding, a trend that, if sustained, could push the Federal Reserve closer to ending its…

Jul 28, 2023
EU stress test shows three banks falling short

By Huw Jones and Tom Sims LONDON/FRANKFURT (Reuters) - Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billion euros ($546 billion) wiped from their buffers, the bloc's…

Jul 28, 2023
Mexican peso hits 7-1/2 year high vs dollar, further gains eyed

MEXICO CITY (Reuters) -Mexico's peso on Friday hit its highest level against the dollar since early December 2015, as the greenback lost steam after a slowdown in U.S. inflation bolstered the case for the Federal Reserve to end its interest…

Jul 28, 2023
Softening inflation props up U.S. consumer sentiment

By Safiyah Riddle (Reuters) - Diminishing inflation pushed consumer sentiment to the highest in nearly two years, a closely watched survey showed on Friday. The University of Michigan's final index of consumer sentiment came in at 71.6 in July, down…

Jul 28, 2023
Global central banks begin policy shift as inflation cools

By Howard Schneider, Francesco Canepa and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched to a more cautious posture about further moves in a…

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