Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Xpeng projects quarterly revenue below estimates on weak EV demand
May 28 (Reuters) - Electric vehicle maker Xpeng on Thursday forecast second-quarter revenue below market expectations, underscoring a prolonged slowdown in demand and stiff competition in the Chinese ...
May 28, 2026
Groq raising up to $650 million from existing investors, source says
May 28 (Reuters) - Groq is raising up to $650 million from existing investors, a source familiar with the matter told Reuters on Thursday, after the AI chip startup signed a $17 billion licensing deal...
May 28, 2026
Brazil's central bank will not let higher inflation expectations take hold, says director
By Marcela Ayres BRASILIA, May 28 (Reuters) - Brazil's central bank will not allow higher inflation expectations to translate into actual inflation, monetary policy director Nilton David said on Thurs...
May 28, 2026
US new home sales slump in April amid higher mortgage rates, prices
WASHINGTON, May 28 (Reuters) - Sales of new U.S. single-family homes fell in April as the boost from better weather faded and mortgage rates remained elevated. New home sales dropped 6.2% to a seasona...
May 28, 2026
Fed's Musalem says it's risky to bet that AI will ease inflation
May 28 (Reuters) - St. Louis Federal Reserve President Alberto Musalem on Thursday offered a skeptical view of the expectation that artificial intelligence will reduce inflation by fueling a surge in ...
May 28, 2026
Fed's Williams reiterates rate policy is in right place given outlook
By Michael S. Derby NEW YORK, May 28 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday central bank monetary policy is in the right place given the outlook, adding ...
May 28, 2026
Sri Lanka monetary stance appropriate, 3% growth target within reach, IMF says
By Uditha Jayasinghe COLOMBO, May 28 (Reuters) - Sri Lanka's monetary stance is broadly appropriate, and the country still has strong potential to reach the International Monetary Fund's 3% growth tar...
May 28, 2026
FULL TEXT-Bank of Canada says financial system has functioned well
OTTAWA, May 28 (Reuters) - The Bank of Canada released the following statement by senior deputy governor Carolyn Rogers and deputy governor Toni Gravelle on Thursday: "Good morning. Deputy Governor To...
May 28, 2026
Federal regulator pauses review of Union Pacific, Norfolk Southern's $85 billion merger
May 28 (Reuters) - The U.S. Surface Transportation Board said on Thursday it has paused the review of railroad operators Union Pacific and Norfolk Southern's $85 billion merger application, while it s...
May 28, 2026
Bank of Canada says financial system is solid, but vulnerabilities have grown
By Promit Mukherjee and David Ljunggren OTTAWA, May 28 (Reuters) - The Canadian financial system is in good shape but vulnerabilities are growing amid a highly volatile economic and geopolitical envir...
May 28, 2026
