(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the U.S. central bank could likely cut interest rates given the underlying strength of the economy and the direction of inflation. Comparing the economic effect of tariffs to a…
By Tatiana Bautzer NEW YORK (Reuters) -Goldman Sachs President John Waldron said on Thursday that the outlook for investment banking remains “quite good.” The bank’s pipeline for deals worldwide is strong despite uncertainty over timing as U.S. tariff policies roil markets and stall activity, he told investors at a conference. “Our investment banking business is…
(Reuters) -Top mutual fund manager Vanguard Group on Thursday said it would roughly triple to 10 million the number of investors eligible to direct proxy votes in their funds, continuing an effort that would reduce the firm’s direct impact on shareholder elections. Closely-held Vanguard said it added four equity index funds to its “Investor Choice”…
By Jaspreet Singh (Reuters) -The New York Times is allowing Amazon.com to use its editorial content for artificial intelligence products such as Alexa, marking the publisher’s first licensing deal tied to generative AI. The multi-year agreement lets Amazon use news articles from The Times and content from NYT Cooking and sports website The Athletic, the…
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(Reuters) -GE Aerospace’s CEO said on Wednesday he is seeing supply chain improvements that will support an expected 15% to 20% increase in deliveries this year of jet engines used on popular narrowbody aircraft, after snags challenged deliveries in 2024. CEO Larry Culp also told the Bernstein Strategic Decisions conference that the engine maker pledged…
By Tim Hepher PARIS (Reuters) -Airbus is warning airlines that delays in deliveries will persist for another three years as it works through a backlog of supply-chain problems, industry sources said. The cautious tone on deliveries was reinforced at a recent customer gathering in Toulouse and increases pressure on Airbus to demonstrate progress towards a…
(Reuters) -Shein is working towards a listing in Hong Kong, as Chinese regulators did not approve the online fast-fashion retailer’s proposed IPO in London, according to three sources with knowledge of the matter. Here’s a timeline of the Singapore-headquarted company’s attempts to go public and the various setbacks it has encountered. Shein had moved its…
By Howard Schneider WASHINGTON (Reuters) -U.S. households reported little change in their economic well-being last year, with the cost of living remaining a top concern but nearly three-quarters of adults saying they were “doing OK or living comfortably,” the Federal Reserve reported in an annual survey of people’s attitudes about the economy. The poll of…
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