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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Argentina’s Milei pitched dollarization ‘models’ in IMF meet – sources
By Jorgelina do Rosario LONDON (Reuters) -Argentina's surprise presidential front-runner, radical libertarian Javier Milei, pitched models of dollarizing the South…
Jumping yields, slumping stocks may boost case for a Fed pause
By Howard Schneider WASHINGTON (Reuters) - Rising Treasury bond yields and home mortgage rates may reduce support at the U.S.…
Estee Lauder sees weak annual profit on slow recovery in Asia travel retail
By Granth Vanaik and Ananya Mariam Rajesh (Reuters) -Estee Lauder forecast annual sales and profit below estimates on Friday, indicating…
Dollar set for fifth straight week of gains as China stays top of mind
By Hannah Lang WASHINGTON (Reuters) - The dollar was flat on Friday but set for a fifth consecutive week of…
China unveils measures to revive stock market
SHANGHAI (Reuters) -China's securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but…
Wall Street, yields tread water as investors await Fed at Jackson Hole
By Pete Schroeder WASHINGTON (Reuters) -Wall Street ended mixed Friday and U.S. Treasury yields stabilized after a recent surge and…
US bank credit contracts, loans drop in latest week: Fed data
(Reuters) -Bank credit at U.S. commercial banks shrank in the latest week as commercial banks pulled back on lending to…
Less cash, fewer bears could leave U.S. stocks vulnerable
By David Randall NEW YORK (Reuters) - Several indicators that pointed to upside for U.S. stocks this year have shifted…
White House says China’s economic data has had transparency issues
(Reuters) - The White House, pressed on Wednesday about recent Chinese growth, said there were issues with the transparency of…
Commercial and industrial lending falls again this week, but lending by small banks is up
The numbers: Commercial and industrial loans — a key economic driver — fell $6.2 billion to $2.75 trillion in the…
Close to half of Americans favor TikTok ban -Reuters/Ipsos poll
By Michael Martina and David Shepardson WASHINGTON (Reuters) - Close to half of American adults support a ban on the…
Looming UAW strike could cost US economy more than $5B in just 10 days
If the United Auto Workers decides to strike against the "Big Three" Detroit automakers when the current contract expires next…
Richest 10% linked to 40% of the emissions warming Earth. Should we tax investments accordingly?
The top 10% of the wealthiest Americans churn out 40% of the nation’s climate- warming emissions, says a new study,…
Argentines rush to dollar safety as election uncertainty looms
By Walter Bianchi, Jorge Otaola and Lucinda Elliott BUENOS AIRES (Reuters) - Confidence in Argentina's peso plumbed new depths on…
US CLOs’ credit profiles resilient despite mid-sized company risk -Moody’s
By Matt Tracy WASHINGTON (Reuters) - The credit quality of U.S. middle market collateralized loan obligations (CLOs), major sources of…
How the higher-for-longer theme in interest rates is playing out in SOFR futures
Growing acceptance of the higher-for-longer theme for U.S. interest rates is playing out in a variety of ways within financial…
Some 40% of Japanese firms see fundraising impact from BOJ tweak: Reuters poll
By Anton Bridge TOKYO (Reuters) - About 40% of Japanese firms expect the central bank's recent policy adjustment to have…
Jackson Hole: Fed’s Powell could join rather than fight bond vigilantes as yields surge
Freshly-awake bond vigilantes are getting ready to ride into Jackson Hole next week to have some fun and scare the…