economy

Diesel cheating inquiries widen to Renault and Fiat

By Gilles Guillaume, Simon Carraud and Agnieszka Flak PARIS/MILAN (Reuters) – European carmakers were drawn into widening investigations into diesel emissions cheating on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV. Volkswagen's admission that some of its diesel vehicles were fitted with devices which hid their true level of emissions has sparked a global regulatory push to

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Diesel cheating inquiries widen to Renault and Fiat

economy

Retail sales rise on strong auto demand

WASHINGTON, Jan 13 (Reuters) – U.S. retail sales rose solidly in December amid strong demand for automobiles, providing further evidence that the economy ended the fourth

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Retail sales rise on strong auto demand

economy

New policies coming to America could take weight off Fed: Powell

By Jason Lange CHICAGO (Reuters) – A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America's mix of policies which in recent years have relied too much on the Federal Reserve, …

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New policies coming to America could take weight off Fed: Powell

economy

U.S. housing, consumer confidence data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump's plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though

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U.S. housing, consumer confidence data bolster economic outlook

economy

Slowdown in orders, hiring curbs U.S. services sector growth

Other data on Thursday showed planned job cuts by U.S.-based employers dropped 31 percent to a five-month low last month. The mixed reports came a day after the Federal Reserve offered a fairly upbeat assessment of the economy and signaled it could raise interest rates next month.

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Slowdown in orders, hiring curbs U.S. services sector growth

economy

Fed holds rates steady, sets stage for December hike

The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signaled it could hike in December as the economy gathers momentum and inflation picks up. Fed policymakers also expressed more optimism that inflation was moving toward their 2 percent target. “The committee judges that …

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Fed holds rates steady, sets stage for December hike

economy

WHY IT MATTERS: Energy

The issue:

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WHY IT MATTERS: Energy

economy

Germany denies investigating Tesla over software updates

By Michael Nienaber and Rene Wagner BERLIN (Reuters) – Germany's Transport Ministry denied a media report on Friday that it was investigating Tesla Motors Inc for updating driving assistance software without informing authorities, but said it was “clarifying technical issues” on the matter. German magazine Der Spiegel reported, without citing a source, that there were indications Tesla uploaded new software features to a driving assistance system which had not been examined for

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Germany denies investigating Tesla over software updates

economy

U.S. economy posts largest job gains in eight months in June

U.S. job growth surged in June as manufacturers and other employers boosted hiring, confirming the economy has regained speed after a first-quarter lull, but tepid wages suggested the Federal Reserve will probably not raise interest rates soon. The sign of strength in the economy, however, precedes Britain's stunning vote last month to leave the European Union. “For the Fed, this report is likely to offer some encouragement…

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U.S. economy posts largest job gains in eight months in June

economy

U.S. workforce growth may give Fed one more reason to go slow on rates

By Jason Lange RALEIGH, N.C. (Reuters) – Americans with a high school education or less are returning to the labor force in larger numbers, a trend that points to a broadening of economic growth, but could also keep wage growth subdued and stay the Federal Reserve's hand in its hiking cycle. The Federal Reserve meets this week and is expected

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U.S. workforce growth may give Fed one more reason to go slow on rates

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