Reuters Business Today: May 24, 2017

Click to View in Browser Wednesday, May 24, 2017 Fed ties rate hike to economic rebound, sees balance sheet cuts in 2017 WASHINGTON (Reuters) - Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday. S&P 500 hits record high close following Fed minutes NEW YORK (Reuters) - U.S. stocks ended up slightly on Wednesday, with the S&P 500 hitting a record high close, after minutes of the Federal Reserve's latest meeting showed policymakers view a rate hike coming soon. Moody's downgrades China, warns of fading financial strength as debt mounts SHANGHAI/BEIJING (Reuters) - Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise. Exclusive: Facebook signs BuzzFeed, Vox, others for original video shows - sources NEW YORK (Reuters) - Facebook Inc has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar with the situation. New Ford CEO eligible for $13.4 million in annual compensation (Reuters) - Ford Motor Co said on Wednesday that new Chief Executive James Hackett is eligible for at least $13.4 million in total annual compensation. GM to cut jobs in international HQ in Singapore: source (Reuters) - General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets. Home sales fall as tight supply boosts prices WASHINGTON (Reuters) - U.S. home resales fell from a more than 10-year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers. U.S. interest rates may pose risk to Trump budget's optimistic assumptions WASHINGTON (Reuters) - If President Donald Trump's budget does touch off an economic boom that pushes growth up to 3 percent a year as it assumes, the government's borrowing is likely to cost much more than has been factored into the administration's fiscal proposals. OPEC, non-OPEC set for new oil cut, eye longer duration VIENNA (Reuters) - OPEC and non-member oil producers are set to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices. HP Inc revenue beats on higher demand for PCs, printers (Reuters) - HP Inc , which was created through the breakup of Hewlett-Packard Co, reported better-than-expected quarterly revenue, boosted by a stabilizing PC market and a recovery in its printer business. Related Video Breakingviews TV: Toshiba nears a deal Venezuela: new forex plan offers little respite Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook