(Reuters) - Discover Financial's third-quarter profit jumped 43% as the U.S. credit card issuer's net interest income climbed and its provisions for potential sour loans fell, the company said on Wednesday. The company recorded net interest income of $3.66 billion in the quarter, 10% higher than the year-ago quarter. Credit card firms' interest incomes have benefited as the Federal Reserve...

02:48 PM EDT, 10/16/2024 (MT Newswires) -- Import prices fell by 0.4% in September but were up 0.2% when excluding a 7.1% plunge in petroleum prices. Export prices fell by 0.7% in September and were down 0.9% excluding a 0.6% gain in agricultural prices. The New York Federal Reserve's monthly business leaders index, a measure of services conditions, fell to...

Most of this week's 5 Things relates to government mismanagement of the economy. We draw two conclusions. First, the government should involve itself in less of the economy. Second, we should have called this The Government is Mismanaging Things Edition. One month after DKI told you the Fed cut rates too soon, the Core CPI rises. Higher energy costs are...

WASHINGTON (Reuters) - U.S. import prices fell by the most in nine months in September amid decreases in the costs of energy products and food, which bodes well for the domestic inflation outlook. Import prices slipped 0.4% last month, the biggest drop since December 2023, after a revised 0.2% decrease in August, the Labor Department's Bureau of Labor Statistics said...