AvatarReutersFed will accept higher inflation rate -advisorReutersThe Fed's closely watched inflation gauge rose 3.5% in June from a year ago, but Pence Wealth Management President Laila Pence tells Reuters' Fred Katayama why that's not a concern for now.
AvatarReutersU.S. halts IPOs for Chinese-based companiesReutersThe Securities and Exchange Commission, America's top securities regulator, ordered all initial public offerings for Chinese-based companies be put on hold as the agency tries to protect U.S. investors from a Beijing crackdown on Chinese companies. Conway G. Gittens reports.
AvatarReutersWant to rent a pool? There's an app for thatReutersCarmen Sanchez is renting out her backyard by the hour on Swimply, which calls itself 'the Airbnb of private swimming pools.' Rosanna Philpott reports.
AvatarReutersWhy are TV audiences tuning out of Tokyo Olympics?ReutersThe TV audience for the Olympics has fallen since 2016, as viewing becomes more fragmented and athletes compete in Japan when audiences are mostly asleep in the United States and Europe.
AvatarReutersU.S. consumer spending rises strongly in JuneReutersU.S. consumer spending rose more than expected in June, but part of the increase reflected higher prices, with annual inflation accelerating further above the Federal Reserve's 2% target. Fred Katayama reports.
AvatarReutersP&G forecasts higher earnings despite rising costsReutersProcter & Gamble beat quarterly sales estimates on Friday but warned that rising commodity and freight costs would take a nearly $2 billion bite out of its earnings this year. Fred Katayama reports.
AvatarReutersAir France-KLM losses narrow as bookings reviveReutersAir France-KLM saw losses narrow in the second quarter as bookings began to pick up. Julian Satterthwaite reports.
AvatarReutersAmazon hit with $886 million EU data fineReutersAmazon.com Inc has been hit with an $886.6 million European Union fine for processing personal data in violation of the EU's General Data Protection Regulation (GDPR), the e-commerce giant said on Friday. Ciara Lee reports
AvatarReutersThe Week in Numbers: techs tower, Robin reelsReutersFrom record numbers for big tech, to a damp debut for Robinhood, we round up the big stories in business and finance over the week to July 30. Ilan Rubens reports.
AvatarReutersNorth Korea takes a hit to its economyReutersNorth Korea's economy suffered its biggest contraction in 23 years in 2020. The isolated nation has been battered by continued U.N. sanctions, COVID-19 lockdown measures and bad weather, South Korea's central bank said on Friday. Eve Johnson reports.
AvatarReutersAfrica's biggest cinema group bets on drive-insReutersHaving filed for a local form of bankruptcy protection in January, South Africa-based Ster Kinekor is hoping that drive-in cinemas will lure back customers after more than a year of lockdown restrictions. David Doyle has more.
AvatarReutersBA-owner IAG stays cautious on recoveryReutersBritish Airways-owner IAG said summer capacity would rise to 45% of pre-pandemic levels, a more cautious bet than rivals, as its transatlantic business has yet to fully reopen. Ciara Lee reports