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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Deadly Maui wildfires inflict multibillion-dollar blow to Hawaii’s economy
The deadly wildfire on Maui that devastated the town of Lahaina and left catastrophic damage in their wake delivered a…
Builders ramped up construction of new U.S. homes in July
The numbers: A persistent lack of listing for the sale of existing homes has pushed more home buyers to consider…
Insured losses from Maui wildfires at least $1 billion – Moody’s
LONDON (Reuters) - Moody's (NYSE:) Investors’ Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii…
Biden to make Monday visit to Maui after deadly wildfires
President Joe Biden and first lady Jill Biden plan to travel to Maui on Monday to meet with first responders…
Sri Lanka lifts import ban on trucks, heavy vehicles
By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka on Tuesday lifted a ban on imports of trucks and other heavy…
U.S. industrial output jumps in July on sharply higher utilities output
The numbers: U.S. industrial production rose 1% in July, the Federal Reserve reported Wednesday, on the back of strong utility…
Instant view: Russia’s central bank hikes rates to 12% at extraordinary meeting
LONDON (Reuters) - Russia's central bank jacked up its key interest rate by 350 basis points to 12% on Tuesday,…
Climate winners and losers as the Inflation Reduction Act hits its 1-year mark
This week marks one year since the Biden White House and congressional Democrats maneuvered the Inflation Reduction Act into law…
U.S. retail sales, Home Depot, China and Russia rate calls – what’s moving markets
Investing.com -- Wall Street heads lower ahead of the release of key retail sales data as well as results from…
Norway seen lifting policy rate to 4.0% this week: Reuters poll
OSLO (Reuters) - Norway's central bank is expected to raise its benchmark interest rate by 25 basis points (bps) to…
Mortgage demand falls as rates surge to the highest level since October 2022
The numbers: Mortgage rates rose for the third week in a row to their highest level since October 2022, as…
A million interest only mortgages come under UK watchdog scrutiny
LONDON (Reuters) -Nearly half of people with interest-only mortgages may be too optimistic about their ability to pay the outstanding…
Treasury yields slide from latest highs ahead of Fed minutes
Bond yields fell on Wednesday as traders awaited minutes from the Federal Reserve’s July policy meeting.What’s happeningWhat’s driving markets The…
How much worse can China’s economic slowdown get?
HONG KONG (Reuters) -China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations,…
Global wealth projected to rise 38% by 2027, despite recent decline – study
ZURICH (Reuters) - Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is…
Millionaire no more — 3.5 million people worldwide lost the title last year
Bring out the violins — according to a new report, some 3.5 million people globally lost the title of millionaire…
Tackling money shame: Personal finance advice from top TED Talks
By Chris Taylor NEW YORK (Reuters) - Here is something to make you feel old: Next year will mark the…
Fitch warns it may be forced to downgrade multiple banks, including JPMorgan – CNBC
(Reuters) - An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase (NYSE:), could be downgraded if the…