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Porsche AG posts Q1 profit drop on ramp-up costs

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FRANKFURT (Reuters) -Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history. Operating profit in the first three months of 2024 came in at 1.28... Read More.

Fed seen on track for Sept start to US rate cuts

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(Reuters) -U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of urgency to cut interest rates, but also nothing to rule out the likelihood of rate reductions starting later this year. That was the view from... Read More.

Futures extend gains after March PCE data

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(Reuters) – U.S. stock index futures extended gains on Friday, as fresh evidence of progress on the inflation front reignited hopes that the Federal Reserve could cut interest rates sometime this year. The personal consumption expenditures (PCE) price index rose... Read More.

US inflation rises in line with expectations in March

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WASHINGTON (Reuters) – U.S. inflation rose moderately in March, but that is unlikely to change financial markets’ expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption expenditures (PCE) price index increased 0.3% last month,... Read More.
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