US consumer spending rebounded, but high inflation slowed demand

Consumer spending rose 0.4% in August Personal income rose 0.3%; The savings rate is fixed at 3.5% Core PCE price index jumps 0.6%; 4.9% year-over-year increase WASHINGTON (Reuters) – U.S. consumer spending increased more-than-expected in August, but stubbornly high inflation is dampening demand, which could limit an expected rebound in economic growth this quarter. The … Read more

Wall Street fell due to growing economic growth concerns

The S&P 500 Index is back to its lowest level in nearly two years Airlines and cruises canceled due to Hurricane Ian CarMax slips by missing second-quarter forecast Indices down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% (Reuters) – Wall Street fell on Thursday, on fears of a global economic slowdown from aggressive central bank policy … Read more

Russia is preparing to annex the territory of Ukraine; West warns of new sanctions

Russia says it overwhelmingly supports annexation Russia’s parliament may consider annexation on Tuesday Ukraine rejects referendums as illegal The West is preparing for new sanctions on the referendums ZAPORIZIA, Ukraine (Reuters) – Russia was preparing to annex a strip of Ukraine within days, unleashing what it called the number of votes showing overwhelming support in … Read more

Exclusive Twitter brands post ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaign or removed their ads from parts of Twitter because their promotional ads appeared alongside tweets urging child pornography, the companies told Reuters. Brands ranging from The Walt Disney Company (DIS.N)NBCUniversal (CMCSA.O) The Coca-Cola Company (KO.N) Children’s … Read more

Storm Fiona batters Canada’s east coast, forcing evacuations

HALIFAX, Nova Scotia (Reuters) – Powerful storm Fiona swept through eastern Canada on Saturday, bringing hurricane-force winds, forcing evacuations, blowing trees and power lines and leaving hundreds of thousands of homes and businesses without power. The US National Hurricane Center (NHC) said the storm’s center, which has been downgraded to Post-Tropical Hurricane Fiona, is now … Read more

At the United Nations, Micronesia denounces Japan’s plan to release Fukushima waters into the Pacific Ocean

A worker, wearing protective suits and masks, takes notes in front of radioactive water storage tanks at the Fukushima Daiichi Nuclear Power Plant of Tokyo Electric Power Corporation (TEPCO) in Okuma City, Fukushima Prefecture, Japan, February 10, 2016. REUTERS/Toro Hanai Register now to get free unlimited access to Reuters.com Register UNITED NATIONS (Reuters) – The … Read more

Hurricane Fiona was seen surging after hitting the Dominican Republic and Puerto Rico

SAN JUAN, Puerto Rico/SANTO DOMINGO (Reuters) – Hurricane Fiona was moving north on Monday evening after dumping torrential rain and strong winds in the Dominican Republic and causing a complete blackout in neighboring Puerto Rico, where at least two people live. Die. A Category 2 hurricane is likely to become a Category 3 hurricane as … Read more

The US dollar advances as markets brace for a significant Fed rate hike

US dollar banknotes are shown in front of the stock graph displayed in this illustration taken on February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now to get free unlimited access to Reuters.com Register Markets in consolidation mode ahead of Fed policy decision Fed Funds futures price has a 21% chance of a 100 basis point … Read more

Zelensky pledged no complacency as Ukraine says troops are crossing the Uskil River in the country’s northeast

Russia steps up strikes on Ukrainian civilian targets Ukraine says its forces have advanced to the east bank of the Oskil River Biden urges Putin not to use tactical nuclear and chemical weapons Kyiv (Reuters) – Ukrainian President Volodymyr Zelensky vowed not to stop fighting to reclaim lands lost to Russia as Kyiv said its … Read more

The Fed decided to raise the interest rate by 75 basis points; Axial early unlikely

A woman holds US dollar bills in this illustration taken on May 30, 2022. REUTERS/Dado Rovich/Illustration Register now to get free unlimited access to Reuters.com Register BENGALURU (Reuters) – The Federal Reserve will raise interest rates by 75 basis points next week and is likely to keep the rate on hold for an extended period … Read more