By Howard Schneider WASHINGTON (Reuters) – A measure of inflation closely watched by the Federal Reserve has now averaged near the central bank’s 2% target for the last three months, another step forward in the Fed’s inflation battle and a sign that price increases have continued slowing despite better-than-expected job…

MADRID (Reuters) – A Spanish court has ruled John McAfee died by suicide, a court document seen by Reuters showed on Friday, bringing to a close a probe about the death of the software entrepreneur. McAfee, who launched the world’s first commercial anti-virus software in 1987, was found dead, aged…

Investing.com — The United Auto Workers will expand strikes at plants owned by Ford Motor Company (NYSE:) and General Motors Company (NYSE:) on Friday as the union says not enough progress has been made in labor contract negotiations. The additional strikes will be at assembly plants where Ford and GM…

By Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Friday sued accounting firm Prager Metis for alleged auditor independence violations related to a template it used when signing on clients. Between December 2017 and October 2020, Prager Metis improperly added indemnification provisions to engagement letters to clients for…

President Joe Biden, speaking at the White House on Sunday some 12 hours after signing stopgap legislation to avert a federal government shutdown, called on House Speaker Kevin McCarthy and fellow Republicans to maintain the U.S.’s commitment to assist Ukraine in its ongoing defense against the Russian invasion that began…

On Friday, John Williams, President of the New York Federal Reserve Bank, indicated that the series of interest rate hikes by the US central bank may be nearing its end. However, he noted that high rates will continue to be a part of the strategy to achieve a 2% inflation…

The Personal Consumption Expenditures (PCE) index, a key inflation metric favored by the Federal Reserve, registered a moderate rise of 0.4% month-over-month and 3.5% year-over-year in August, as discussed by Yahoo Finance’s Seana Smith and Brad Smith along with Forward Bond’s Chris Rupkey at the Nasdaq MarketSite on Friday. The…

Rep. Matt Gaetz said Sunday he will try to remove House Speaker Kevin McCarthy, a fellow Republican, from his leadership position this week after McCarthy relied on Democratic support to pass legislation that avoided a government shutdown. “Bring it on,” McCarthy responded. “Let’s get over with it.” Context: Government shutdown averted for now…

The looming U.S. government shutdown could disrupt the release of September’s Consumer Price Index (CPI), a vital inflation metric, leading to potential reliance on an alternative index, according to strategists from Morgan Stanley, including Ellen Zentner. This situation was reported today, Friday, and could have significant implications for Federal Reserve…

By David Randall NEW YORK (Reuters) – Big positions in a handful of stocks helped a select number of U.S. value and small-cap funds rocket higher in the third quarter while rising Treasury yields dented the broad stock market. Among the quarter’s winners were funds that invested in Texas Pacific…