interest-rates

U.S. jobless claims at five-month high; import prices fall

The number of Americans filing for unemployment benefits rose to a five-month high last week, but this likely does not signal a deterioration in the labor market as the underlying trend remained consistent with tightening conditions. The reports did not change views the Federal Reserve will raise interest rates next Wednesday for the first time in nearly a decade. “As we approach the end of the year, jobless claims have a tendency to be more volatile due to seasonal adjustment issues around the holidays.

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U.S. jobless claims at five-month high; import prices fall

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Facebook’s CEO and wife to give 99 percent of shares to couple’s foundation

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter. The plan, which was posted on the…

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Facebook’s CEO and wife to give 99 percent of shares to couple’s foundation

interest-rates

U.S. manufacturing contracts, but rest of economy humming along

U.S. manufacturing contracted in November for the first time in three years as the sector buckled under the weight of a strong dollar and deep spending cuts by energy firms, but robust automobile sales suggested the economy remained on solid ground. Other data released on Tuesday showed a sturdy increase in construction spending in October, which should help offset the drag from manufacturing on fourth-quarter economic growth. With manufacturing accounting for only 12 percent of the …

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U.S. manufacturing contracts, but rest of economy humming along

interest-rates

U.S. new home sales rebound strongly in October

September's sales pace was revised down to 447,000 units from the previously reported 468,000 units. Economists polled by Reuters had forecast new home sales, which account for about 8 percent of the housing market, rebounding to a rate of 500,000 units.

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U.S. new home sales rebound strongly in October

interest-rates

GM, law firm can keep ignition switch documents secret: U.S. judge

By Jonathan Stempel NEW YORK (Reuters) – General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in…

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GM, law firm can keep ignition switch documents secret: U.S. judge

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U.S. data points to moderate fourth-quarter growth

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. Anemic consumer spending did little do change expectations that the Federal Reserve will raise interest rates next month as other data on Wednesday showed a surge in business…

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U.S. data points to moderate fourth-quarter growth

interest-rates

Fed’s Williams sees strong case for December interest-rate hike

By Ann Saphir BERKELEY, Calif. (Reuters) – There is a “strong case” for raising interest rates when Federal Reserve policymakers meet next month, as long as U.S. economic data does not disappoint, a top Fed official said on Saturday. “The data I think have been…

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Fed’s Williams sees strong case for December interest-rate hike

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