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Macroeconomics

Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock

By Savyata Mishra and Ananya Mariam Rajesh (Reuters) -Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on...

Exxon Mobil to cut nearly 400 jobs in Texas, filing says

DENVER (Reuters) -Exxon Mobil will cut nearly 400 jobs in Texas following its purchase of shale producer Pioneer Natural Resources (NYSE:PXD), according to a regulatory filing. ...

Barkin: Wages, possible tariffs, reasons to be careful about declaring inflation victory

WASHINGTON (Reuters) - High union wage settlements and the possibility of coming tariff increases are among the uncertainties that could make U.S. Federal Reserve officials more...

Fed's Kugler says Fed has made good progress on achieving mandates

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve governor Adriana Kugler said Thursday the central bank has made considerable progress in working to achieve its job and...

Traders keep bets on Dec rate cut after latest US economic data

(Reuters) - Futures tied to the Federal Reserve's policy rate edged down after data showed wholesale prices firmed a little more than expected last month, though not enough to...

ECB divided on risk of excessively weak inflation, accounts show

FRANKFURT (Reuters) - A European Central Bank rate cut last month was seen as an insurance move against unexpectedly low inflation but policymakers appear divided on the risk of...

Sotheby's settles New York tax fraud case, pays damages

By Jonathan Stempel NEW YORK (Reuters) -Sotheby's will pay $6.25 million and adopt reforms to settle New York Attorney General Letitia James' lawsuit accusing the famed auction...

Euro zone economy seen hit early next year by Trump tariffs, say economists: Reuters poll

By Indradip Ghosh BENGALURU (Reuters) - The euro zone economy will be hit with tariffs from the incoming U.S. Trump administration early next year, according to a majority of...

Spain's La Vanguardia joins the Guardian in leaving X, citing 'toxic content'

MADRID (Reuters) - Spanish newspaper La Vanguardia will stop posting on billionaire Elon Musk's X platform and plans to suspend its accounts, saying on Thursday the social media...

Brazil's outgoing central bank chief says there is urgency to announce spending cuts

SAO PAULO (Reuters) - The Brazilian government must cut spending "to the bone" and there is an urgency to announce a much anticipated fiscal package, outgoing central bank chief...

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