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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Hungary’s tax-adjusted core CPI slows to 15.2% y/y in Aug -cenbank
BUDAPEST (Reuters) - Hungary's tax-adjusted core inflation slowed to an annual 15.2% in August from 17.5% in July, the central…
Musk turned off Starlink system to frustrate Ukraine attack on Russian fleet, according to Isaacson book
Elon Musk foiled a Ukrainian submarine drone attack on a Russian naval fleet last year by turning off the SpaceX…
Dollar has 8th straight week of gains; U.S. stocks edge up
By Caroline Valetkevitch NEW YORK (Reuters) - The registered an eighth straight week of gains on Friday while global stock…
Taiwan August exports fall less than expected, growth seen resuming
TAIPEI (Reuters) - Taiwan's exports dropped for the 12th consecutive month in August but less sharply than expected, and may…
Stock market’s 2023 run may hit roadblock after August’s energy-led boost to U.S. CPI
August was a hot month and it wasn’t just about the weather. Financial markets are now bracing for what’s likely…
Yuan ends domestic session at weakest since 2007 as outflow pressure builds
SHANGHAI (Reuters) - China's yuan finished the domestic session on Friday at its weakest since the global financial crisis, hit…
U.S. economy seen growing at about a 2.2% annual rate in the July-September quarter, according to real-time New York Fed estimate
The U.S. economy could expand at about a 2.2% annual rate in the current quarter, according to a revamped real-time…
European shares end week lower due to rate hike worries
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European stocks logged weekly losses despite gaining on Friday, as investors fretted over…
White House Situation Room gets renovated — here’s what a $50 million makeover looks like
A storied part of the White House complex — the Situation Room — has emerged from a $50 million makeover,…
US rates biting beneath the surface: Mike Dolan
By Mike Dolan LONDON (Reuters) -Rising U.S. business bankruptcies may raise a red flag in what otherwise appears like an…
U.S. household wealth rises to record $154.28 trillion in second quarter
The numbers: Total U.S. household net worth rose $5.5 trillion to a record $154.28 trillion in the second quarter, the…
Apple shares steady premarket, Fed rate path in focus – what’s moving markets
Investing.com -- Apple (NASDAQ:) shares hug the flatline in premarket trading on Friday following a two-day skid sparked by reports that…
Migrant crisis ‘will destroy’ New York City, says mayor Eric Adams
“‘This issue will destroy New York City … destroy New York City. We’re getting 10,000 migrants a month. Now again,…
Factbox-US government shutdown: what does it mean?
(Reuters) - Large swaths of the U.S. government could temporarily close on Oct. 1 if Congress does not approve spending…
Analysis-Potential US government shutdown could dent investor confidence
By David Randall NEW YORK (Reuters) - A potential U.S. government shutdown at the end of September could add to…
Gold heads for weekly decline as investors look to U.S. inflation data next week
Gold futures climbed on Friday as investors await next week’s monthly reading on the U.S. consumer price index, which is…
Japan cuts Q2 GDP on weak spending, wages slide
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) -Japan's economy grew less than initially estimated in the second quarter and…
U.S. wholesale inventories slip in July while sales jump
Wholesale inventories in the U.S. fell 0.2% in July, the Commerce Department said Friday. It is the second straight monthly decline.…