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…
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JPMorgan strategists say US stock valuations at risk from high interest rates
NEW YORK (Reuters) - After big gains for the U.S. stock market this year, equity valuations could come under pressure…
Birkenstock files for U.S. IPO as listings recovery gains pace
(Reuters) -German premium footwear brand Birkenstock on Tuesday filed for an initial public offering in the United States, underscoring a…
US banks say regulators broke law as fight over proposed capital rules escalates
By Pete Schroeder WASHINGTON (Reuters) - U.S. bank groups on Tuesday accused the Federal Reserve and other regulators of violating…
Japan corporate mood sours on fears of China-led global downtown: Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) - Confidence at big Japanese manufacturers fell the most in eight months, while morale in…
Opinion: Why have so many ‘airtight’ recession predictions been downright wrong?
“ Be cautious about relying on historical parallels. ” In investment management, past performance is no guarantee of future returns.…
US regulator fines Yieldstreet over disclosure failures
NEW YORK (Reuters) -Investment platform YieldStreet Inc and a subsidiary have agreed to pay more than $1.9 million to settle…
Japan’s Aug wholesale inflation slows as cost pressures ease
By Leika Kihara TOKYO (Reuters) -Japan's annual wholesale inflation slowed in August for the eighth straight month, data showed on…
Stocks rallied after hot inflation data 11 months ago. Don’t expect a repeat, analyst says.
The S&P 500 began a rally off its cyclical bottom 11 months ago, after the consumer-price index showed hotter-than-expected inflation.…
S.Korea tightens loan criteria as household debt jumps the most in 2 years
SEOUL (Reuters) - South Korea's financial authorities said they would control household debt by tightening certain loan regulations, as rising…
U.S. records budget surplus in August as White House makes adjustment for blocked student loan plan
The numbers: The U.S. recorded a $89 billion budget surplus in August, compared with a deficit of $220 billion in…
US holiday sales set for slowest year since 2018 as consumers turn frugal – report
By Deborah Mary Sophia and Siddharth Cavale (Reuters) - Holiday sales in the United States are estimated to grow at…
Mitt Romney says he won’t run for re-election to Senate
Utah Republican Sen. Mitt Romney said Wednesday he won’t run for re-election in 2024, saying it’s time to pass the…
US consumer prices accelerate in August on gasoline
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices increased by the most in more than a year in August…
Marketmind: Will CPI fit the Fed-on-hold narrative?
A look at the day ahead in European and global markets from Kevin Buckland The marquee event of the week…
When will inflation cool to the Fed’s 2% target? By late next year, says JP Morgan strategist.
Inflation is likely to fall below the Federal Reserve’s 2% annual target by late next year, according to David Kelly,…
Australia’s household spending rebounds in Aug in consumer resilience -CBA data
SYDNEY (Reuters) - Australia's household spending rebounded in August, led by gains in the education, transport and recreation categories, data…
‘AI is a very powerful tool, and they should be ready.’ Tech leaders advise Senate on regulation.
Executives from some of the nation’s top tech companies convened Wednesday at the U.S. Senate for a closed-door hearing on…
ECB’s crucial 2024 projection to put inflation above 3%, source says
By Francesco Canepa FRANKFURT (Reuters) -The European Central Bank expects inflation in the 20-nation euro zone to remain above 3%…