Economy
Japan Inc set to offer bumper pay hikes, paving way for BOJ stimulus exit By Reuters
By Tetsushi Kajimoto TOKYO (Reuters) - Big Japanese companies look set to formally offer hefty pay hikes at annual wage talks with unions that wrap…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
Wall Street tumbles, Treasury yields gain as focus turns to Fed
By Stephen Culp NEW YORK (Reuters) - U.S. stocks ended sharply lower and Treasury yields headed higher on Friday as…
UAW workers go on simultaneous strike at Detroit Three automakers
(Reuters) -The United Auto Workers (UAW) union launched simultaneous strikes at three factories owned by General Motors (NYSE:), Ford (NYSE:)…
Pakistan central bank leaves key rate unchanged in surprise move
KARACHI (Reuters) -Pakistan's central bank kept its key interest rate unchanged at 22% on Thursday, surprising analysts who had been…
US retail sales, produces prices rise; jobless claims lower than forecast
NEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation…
World Bank Turkey head: more to do but economy on right path
By Ece Toksabay and Nevzat Devranoglu ANKARA (Reuters) -The World Bank's Turkey director said on Thursday that the economy was…
U.S. stocks fall, S&P 500 books another weekly loss amid worries over inflation pressure, auto worker strike
U.S. stocks ended down Friday as investors worried about inflationary pressures ahead of the Federal Reserve’s meeting next week as…
Lagarde comments at ECB press conference
FRANKFURT, Sept 14 (Reuters) - The European Central Bank raised its key interest rate to a record peak on Thursday…
Crunch time after string of aggressive central bank rate hikes
LONDON (Reuters) - It is crunch time. Major central banks have confounded economists with a string of interest rate rises…
U.S. industrial output rises at stronger-than-expected rate in August on increase in oil drilling
The numbers: Industrial production rose 0.4% in August, the Federal Reserve reported Friday. The gain was above expectations of a…
Data may bias Fed to more rate hikes, ex-St. Louis Fed chief says
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve officials may have to revise higher forecasts of how far…
Consumer sentiment falls for second month in a row, but Americans also see inflation slowing
The numbers: A survey showed consumer sentiment falling in September for the second month in a row as Americans expressed…
Singapore working with neighbours to build strong regional supply chains
By Fanny Potkin and Yantoultra Ngui SINGAPORE (Reuters) -Singapore is working with Malaysia and Indonesia to build a strong regional…
Cannabis banking bill looks poised to get Senate committee’s OK on Sept. 27
The Senate Banking Committee looks set to vote in a week and a half to advance a much-anticipated bill that aims…
Nigerian President instructs Central Bank to address foreign airlines’ trapped funds
President Bola Tinubu of Nigeria has directed the Central Bank of Nigeria (CBN) to hold quarterly meetings with foreign airlines…
UAW strike: Ford, GM, Stellantis record profits haven’t been shared fairly with workers, Biden says
President Joe Biden on Friday offered his support to the United Auto Workers, as he addressed their strike aimed at…
Japan corporate mood sours on fears of China-led global downturn
(This Sept.12 story has been refiled to correct a typographical error in the headline) By Tetsushi Kajimoto TOKYO (Reuters) -…
U.S. business inventories unchanged in July
WASHINGTON (Reuters) - U.S. business inventories were unchanged in July as companies continued to carefully manage stocks in anticipation of…
U.S. economy is trending in the Fed’s direction, so expect Powell to tread carefully next week
“If things go well the first time, might as well try it again” might be Federal Reserve Chair Jerome Powell’s…