Author: Reuters Econ

Chicago Federal Reserve Bank President Austan Goolsbee said Friday’s inflation data was a bit better than expected and helps give him comfort that inflation is on path to 2%, adding that he still expects the Fed’s policy rate to be “a fair bit” lower in 12 to 18 months than it is today.

Private equity firm NGP Energy Capital Management is exploring a sale of natural gas producer Camino Natural Resources, which may achieve a valuation of around $2 billion including debt, sources familiar with the matter said on Thursday.

By Promit Mukherjee and David Ljunggren

Donald Trump’s rapid move to ban a “digital dollar” has left the field wide open, observers say, for China and Europe to make their already-advanced central bank digital currency (CBDC) prototypes into global standard-setters.

Chinese startup DeepSeek’s launch of its latest AI models, which it says are on a par or better than industry-leading models in the United States at a fraction of the cost, is threatening to upset the technology world order.

Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH’s drinks unit, the world’s top spirits makers said on Sunday.

Kia America is recalling 80,255 Niro EV, Plug-in Hybrid and Hybrid vehicles in the U.S. as air bags and seat belts that deploy improperly or an air bag deploying unintentionally can increase the risk of injury in a crash, the U.S. National Highway Traffic Safety Administration said on Saturday.

AT&T said on Friday it has secured $850 million through the sale-leaseback of its underused central office facilities that house its legacy copper networks to real estate development firm Reign Capital.

American Airlines forecast 2025 profit below Wall Street expectations on Thursday, hurt by an uptick in jet fuel prices and efforts to fix a sales-strategy misstep that drove away corporate travelers.

Procter & Gamble beat second-quarter sales estimates on Wednesday, as the Pantene shampoo maker’s efforts to bring newer versions of its products to the market across various price tiers attracted more customers in the United States.