Reuters

By Howard Schneider

WASHINGTON (Reuters) - A new round of price cuts by major U.S. retailers and data showing a consumer spending slowdown may boost the Federal Reserve's confidence in falling inflation and take the edge off of corporate profits that have grabbed a larger share of national income since the start of the COVID-19 pandemic.

The Commerce Department reported on Thursday that the U.S. economy grew more slowly than initially... (continue reading...)

By Trevor Hunnicutt

WASHINGTON (Reuters) - The presidential campaigns of Democrat Joe Biden and Republican Donald Trump know what they want to talk about in their high-stakes television debate next month, and now they're trying to convince news network CNN to play ball.

President Biden and former President Trump, his predecessor in office, meet in Atlanta on June 27 for the first of two debates they have agreed to, a showcase that will... (continue reading...)

By Luc Cohen and Jack Queen

NEW YORK (Reuters) - Donald Trump, the first U.S. president convicted of a crime, will face a new milestone in his historic effort to regain the White House when a judge decides on July 11 whether to send him to prison or not.

Thursday's guilty verdict catapults the United States into unexplored territory ahead of the Nov. 5 vote, when Trump, the Republican candidate, will try to win back the White House he... (continue reading...)

A look at the day ahead in U.S. and global markets from Mike Dolan

Wall Street looks set to end the shortened week slightly punch drunk, with Friday's May inflation update set to be a decider after a slew of conflicting economic data signals and the latest election twist.

The Federal Reserve's favored PCE inflation gauge is due out early on Friday. Consensus forecasts for a 0.3% monthly increase in the core measure and annual rate stuck at... (continue reading...)

By James Oliphant, Helen Coster, Tim Reid and Gram Slattery

WASHINGTON (Reuters) - Donald Trump made history on Thursday as the first former U.S. president convicted of a crime. But his ultimate judgment won't come until November when he faces America's voters, who have decidedly mixed feelings about voting for a felon.

Prior to the trial, surveys conducted by Reuters/Ipsos and other outlets showed that some Republican and independent... (continue reading...)