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Press Digest: New York Times business news - October 9

PRESS DIGEST-New York Times business news - October 9

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- A federal judge temporarily extended his block on US President Donald Trump’s effort to ban CNN, MS NOW and Politico from the White House, and said he would decide by next week whether to extend it for a longer stretch.

- US Federal Reserve Governor Christopher Waller said additional rate hikes will likely be needed to lower inflation to the Fed's 2% target, but added there was "flexibility" about the pace of increases and left the door open for a pause at the Fed's upcoming October meeting.


- The World Trade Organization said it expected the global trade in goods to grow by 3.9% this year, almost double the rate it had forecast in March, as spending on expensive chips and other equipment needed to produce artificial intelligence boosts cross-border commerce.

- Credit card issuer American Express AXP.N said its Centurion Lounge at Newark Liberty International Airport would occupy a 30,000-square-foot, two-floor space instead of the 18,000 square feet that Amex had originally planned.



(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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