Lucia Mutikani, Reuters Top News

Lucia Mutikani

Reuters Top News

Washington, DC, United States

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Recent:
  • Reuters Top News
Past:
  • AOL.com
  • Business Insider
  • The Christian Science Monitor
  • STLtoday
  • TIME.com

Recent articles by Lucia:

U.S. weekly jobless claims fall; corporate profits sag in first quarter

The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labor market remains tight amid strong demand for workers despite rising interest rates and tightening financial conditions. → Read More

U.S. core capital goods orders miss expectations; shipments increase

New orders for U.S.-made capital goods increased less than expected in April, suggesting businesses could be slowing their pace of spending on equipment as they confront growing headwinds from rising interest rates and tightening financial conditions. → Read More

Record high U.S. house prices, rising mortgages depress new home sales

Sales of new U.S. single-family homes tumbled to a two-year low in April, likely as higher mortgage rates and record prices squeezed first-time buyers and those in search of entry-level properties out of the housing market. → Read More

U.S. housing market cooling as building permits tumble, starts fall

Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers. → Read More

U.S. consumer price gains slow but inflation still hot

U.S. consumer price growth slowed sharply in April as gasoline prices eased off record highs, suggesting that inflation has probably peaked, though it is likely to stay hot for a while and keep the Federal Reserve's foot on the brakes to cool demand. → Read More

U.S. wholesale inventories rise strongly; first-quarter GDP seen revised slightly up

U.S. wholesale inventories increased solidly in March and the pace of accumulation in the prior month was stronger than previously reported, which could lead to a small upward revision to the first-quarter gross domestic product estimate. → Read More

Manufacturing, restaurants fuel strong U.S. job growth in April

U.S. job growth increased more than expected in April amid strong hiring in manufacturing as well as the leisure and hospitality industry, underscoring the economy's strong fundamentals despite a drop in output in the first quarter. → Read More

U.S. unemployment rate expected to fall to 3.5% in April, job gains to slow

The U.S. unemployment rate likely dropped to its pre-pandemic low of 3.5% in April, while job growth moderated to a still brisk pace amid widespread worker shortages, underscoring the challenge the Federal Reserve faces to curb high inflation. → Read More

Worker shortages restrain U.S. private payrolls, services sector in April

U.S. private employers hired the fewest workers in two years in April amid persistent labor shortages and increasing costs, which are hitting small businesses the hardest, raising the possibility that overall job growth slowed last month. → Read More

U.S. job openings, resignations hit record highs in March

U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high. → Read More

U.S. consumer spending accelerates; wage inflation rising

U.S. consumer spending rose more than expected in March amid strong demand for services, while monthly inflation surged by the most in 16-1/2 years, giving the Federal Reserve ammunition to hike interest rates by a hefty 50 basis points next week. → Read More

U.S. economy contracts in first quarter; weekly jobless claims fall

U.S. economic growth unexpectedly contracted in the first quarter as a resurgence in COVID-19 cases disrupted activity, but the decline in output paints a misleading picture of the economy amid solid domestic demand. → Read More

Omicron, imports expected to restrain U.S. growth in first quarter

U.S. economic growth likely slowed sharply in the first quarter as a wave of COVID-19 cases curbed activity, but retained sufficient underlying strength to keep the expansion on track amid headwinds from soaring inflation and rising interest rates. → Read More

U.S. goods trade deficit hits record high; inventories rise

The U.S. trade deficit in goods widened to a record high in March amid a broad surge in imports, suggesting that trade remained a drag on economic growth in the first quarter. → Read More

U.S. core capital goods orders rebound strongly; shipments moderate

New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum, though part of the increase reflected higher prices. → Read More

U.S. weekly jobless claims fall; unemployment rolls lowest in 52 years

The number of Americans filing new claims for unemployment benefits fell moderately last week, still suggesting that April was another month of strong job growth. → Read More

U.S. existing home sales fall further as house prices hit record high

U.S. home sales dropped to the lowest level in nearly two years in March as house prices raced to a record high, and could decline further with mortgage rates hitting 5%. → Read More

U.S. single-family homebuilding; permits plunge in March

U.S. single-family homebuilding tumbled in March as soaring mortgage rates increased costs, but residential construction remains underpinned by a severe shortage of houses. → Read More

U.S. homebuilder sentiment drops to seven-month low amid surging mortgage rates

Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains boosted housing costs, shutting out some first-time buyers from the market, a survey showed on Monday. → Read More

Higher gasoline prices flatter U.S. retail sales

U.S. retail sales increased solidly in March, boosted by record high gasoline prices, but consumers are starting to feel the pinch of high inflation, with online spending posting back-to-back declines for the first time in more than a year. → Read More