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Oil prices little changed after Fed rate cut

By Katya Golubkova TOKYO (Reuters) -Oil prices were little changed on Thursday after the U.S. central bank lowered its key interest rate as widely expected, while an indication of more rate cuts before year-end raised the prospect of a demand boost spurred by falling borrowing ...
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Brazil’s beef exports to US to fall further in September after tariffs, industry group says

By Roberto Samora SAO PAULO (Reuters) -Brazil’s beef exports to the United States are seen falling further in September from the previous months, the head of local beef lobby Abiec said on Wednesday, in a move linked to higher tariffs imposed by President Donald Trump on ...
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Dollar steady after rebound from 3-1/2-year low in post-Fed rollercoaster ride

By Kevin Buckland TOKYO (Reuters) -The U.S. dollar was steady early on Thursday following its plunge to a 3-1/2-year low and then forceful rebound as traders grappled with the ramifications of the Federal Reserve’s measured rhetoric on further interest rate cuts. The Fed reduced rates by ...
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New Zealand economy worse than feared, fuelling bets of steeper rate cuts

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s economy shrank more than expected in the second quarter as construction remained in decline and global uncertainty weighed, increasing expectations of a steeper rate cut in October. Official data out on Thursday showed ...
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Morgan & Morgan sues Disney to use ‘Steamboat Willie’ in law firm ads

ORLANDO, Fla. (AP) — Is Steamboat Willie “For the people?” That’s a question that one of the largest personal injury law firms in the United States is asking a federal court in central Florida to decide. The law firm Morgan & Morgan, known for its tagline, ...
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Cracker Barrel expects weaker sales and restaurant traffic after logo controversy

Cracker Barrel said Wednesday it expects lower sales and weaker customer traffic in the coming year as the controversy over its planned logo change continues to play out. In a conference call with investors, Cracker Barrel said traffic at its restaurants was down 1% in ...
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Starbucks workers sue over company’s new dress code

Starbucks workers in three states took legal action against the coffee giant Wednesday, saying it violated the law when it changed its dress code but refused to reimburse employees who had to buy new clothes. The employees, who are backed by the union organizing Starbucks’ ...
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Holiday season imports have arrived early at busiest US port, executive says

By Lisa Baertlein LOS ANGELES (Reuters) -U.S. retailers have wrapped up imports of holiday goods at least a month early in a bid to limit costs tied to President Donald Trump’s evolving tariff policies, the top executive at the nation’s busiest seaport said on Wednesday. “Much ...
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DoubleLine Capital CEO Gundlach says Fed’s 25 bps rate cut is ‘the right move’

(Reuters) – DoubleLine Capital CEO Jeffrey Gundlach said in an interview with CNBC on Wednesday that the Federal Reserve’s 25-basis-point rate cut was “the right move,” but warned that any aggressive easing could be inflationary. The Federal Reserve cut interest rates ...
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U.S. state visit yields record 150 billion pounds of investment, UK says

LONDON (Reuters) -U.S. President Donald Trump’s state visit to Britain has generated 150 billion pounds ($204.87 billion) of inward investment, the British government said on Wednesday citing its own data which compiled new and previously announced pledges. The figure, which Britain said was the largest ...
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Fed’s Powell explains how central bank moderate rates mandate works

By Michael S. Derby (Reuters) -Federal Reserve Chair Jerome Powell on Wednesday explained why the three missions Congress imposed on the central bank add up to two in real-world conditions. Powell, speaking at a press conference following the latest interest-rate-setting Federal Open Market Committee meeting, was responding ...
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Big US banks lower prime lending rates after Fed rate cut

By Ateev Bhandari (Reuters) – Major U.S. lenders lowered a key interest rate on Wednesday, providing U.S. consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time this year. JPMorgan Chase, Citigroup, Wells Fargo ...
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