Economy

(Reuters) -Costco Wholesale marginally beat Wall Street expectations for first-quarter revenue on Thursday, as more Americans turned to the membership-only retail chain to shop for everything from food to home…

WASHINGTON (Reuters) – The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously…

By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Euro zone markets swung on Thursday after the European Central Bank gave up a long-standing hawkish tilt but analysts were split…

(Reuters) – Wall Street executives at the Reuters Next (LON:NXT) conference in New York expect a $7-trillion cash pile that proved invulnerable to falling interest rates in 2024 to start…

WASHINGTON (Reuters) – U.S. mortgage rates dropped to the lowest level in nearly two months this week, a trend that if sustained could boost home sales in the coming months.…

PARIS (Reuters) -French fashion house Chanel selected former Bottega Veneta design chief Matthieu Blazy as its next creative director, Women’s Wear Daily and the Financial Times reported Thursday. French luxury…

By Lucia Mutikani WASHINGTON (Reuters) -U.S. producer prices increased by the most in five months in November, but easing costs of services such as portfolio management fees and airline fares…

By Lucia Mutikani WASHINGTON (Reuters) -U.S. producer prices increased by the most in five months in November, but a moderation in the costs of services such as portfolio management fees…

By Katie Paul NEW YORK – Autonomous “agents” and profitability are likely to dominate the artificial intelligence agenda next year, business executives and researchers predicted this week in interviews at…

FRANKFURT (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing in 2025 as growth…