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Central bank body BIS appoints new head of digital currency hub

By Marc Jones LONDON (Reuters) -The Bank for International Settlements, the umbrella body for central banks, on Tuesday named a new head of its Innovation Hub that oversees its influential work on digital currencies, artificial intelligence and other up-and-coming technologies. Tommaso Mancini-Griffoli, assistant director for payments, ...
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Wall Street opens mixed as investors assess data, Alphabet shines

(Reuters) -Wall Street's main indexes were mixed at the open on Tuesday as investors took stock of a series of delayed economic data to gauge the health of the U.S. economy, while Alphabet gained after a report said Meta was in talks to spend ...
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European car industry risks ‘irreversible decline’, Stellantis chairman warns

TURIN (Reuters) -Stellantis Chairman John Elkann on Tuesday warned that the European auto industry risks an "irreversible decline". Speaking in Turin during an event marking the start of large-scale production of the new hybrid version of the Fiat 500 small car, Elkann said the industry ...
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Dick’s Sporting warns Foot Locker reset could cost up to $750 million; shares drop

(Reuters) -Dick's Sporting Goods on Tuesday missed estimates for third-quarter profit and warned of up to $750 million in charges tied to a sweeping review of its recently acquired Foot Locker business that includes store closures and inventory cleanup. Shares of the company fell nearly ...
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In plea to EU, Stellantis chairman warns European car industry risks ‘irreversible decline’

TURIN (Reuters) -Stellantis Chairman John Elkann on Tuesday warned the European auto industry risks an "irreversible decline" if the European Union does not soften its stance on cuts in carbon emissions to grant automakers more flexibility. The European Commission is due to present a package ...
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US tech valuations stretched further as earnings contribute less

By Patturaja Murugaboopathy (Reuters) -U.S. tech companies' share of S&P 500 earnings has been slipping even as their contribution to the index's market value remains near multi-decade highs, raising concerns that their prices are further removed from underlying profit trends. According to a Reuters analysis, ...
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Keurig Dr Pepper taps Mattel veteran Anthony DiSilvestro as CFO

(Reuters) -Beverage maker Keurig Dr Pepper on Tuesday appointed Anthony DiSilvestro as the company's chief financial officer, effective immediately, replacing outgoing CFO Sudhanshu Priyadarshi. DiSilvestro left as finance chief of toymaker Mattel in May 2025, after joining the company in 2020. He previously served as ...
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Consumer confidence slides as Americans grow wary of high costs and sluggish job gains

WASHINGTON (AP) - U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation. The Conference Board said Tuesday that its consumer confidence index dropped to 88.7 in November from an upwardly ...
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Gas prices near lowest level in 4 years ahead of Thanksgiving

(NEW YORK) -- Gas prices stand close to their lowest level in four years as tens of millions of people prepare to travel over the Thanksgiving holiday.The national average for a gallon of gas on Monday tallied at $3.07, which amounts to a slight ...
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Fed’s Miran ties rising unemployment to current setting of monetary policy – Fox Business

(Reuters) -Federal Reserve Governor Stephen Miran tied on Tuesday a deteriorating job market to the current state of central bank interest rate policy. "We have to recognize that the unemployment rate has been drifting higher, and that is a function of monetary policy being too ...
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Chinese ‘right on schedule’ for US soybean purchases, Bessent tells CNBC

WASHINGTON (Reuters) -Chinese purchases of American soybeans are "right on schedule", U.S. Treasury Secretary Scott Bessent said on Tuesday, citing an agreement for Beijing to buy 87.5 million metric tons of the U.S. product over the next three and a half years. The U.S. and ...
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US retail sales rose slightly in September, adding to months of big gains

WASHINGTON (AP) - Sales at U.S. retailers and restaurants increased modestly in September as resilient consumers moderated their spending after splurging over the summer. Sales rose 0.2% in September from the previous month, the Commerce Department said Tuesday, in a report delayed more than a ...
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