Paul Simao

2 weeks ago | gurutrade.com | Lucia Mutikani |Paul Simao

Weekly jobless claims fall 2,000 to 227,000 Continuing claims increase 36,000 to 1.903 million Business activity picks up in May; price pressures rise Existing home sales fall 0.5% in April; supply increases WASHINGTON, May 22 (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week as companies hoard labor, suggesting the economy maintained a steady pace of job growth in May, but it is becoming harder for those out of work to find new...

2 weeks ago | today.westlaw.com | Louise Heavens |Paul Simao |Tomasz Janowski |Svea Herbst Bayliss

NEW YORK (Reuters) -Phillips 66 and activist investor Elliott Investment Management each won two seats on the oil refiner's board at an annual shareholders meeting on Wednesday, capping one of the biggest corporate boardroom battles of the...

2 weeks ago | today.westlaw.com | Patricia Zengerle |Don Durfee |Paul Simao |Daphne Psaledakis

WASHINGTON (Reuters) - U.S. Secretary of State Marco Rubio on Tuesday insisted that the country is not withdrawing from the world, as he batted away criticism of cuts to aid and diplomatic budgets from former colleagues in Congress, some of whom...

2 weeks ago | gurutrade.com | Lucia Mutikani |Chizu Nomiyama |Nick Zieminski |Paul Simao

Consumer sentiment drops to nearly three-year low in May Inflation expectations soar due to tariffs Single-family housing starts hit nine-month low in April Import prices rise 0.1% in April, driven by capital goods WASHINGTON, (Reuters) - U.S. consumer sentiment deteriorated further in May, with one-year inflation expectations soaring to levels last seen in late 1981 amid escalating fears over the economic impact of President Donald Trump's trade policy.

3 weeks ago | gurutrade.com | Lucia Mutikani |Paul Simao

WASHINGTON, May 16 (Reuters) - U.S. import prices unexpectedly rose in April as a surge in the cost of capital goods offset cheaper energy products. Import prices gained 0.1% last month after dropping 0.4% in March, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would decrease 0.4%. In the 12 months through April, import prices edged up 0.1%.