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
Worker pay at center of Fed’s inflation fight
The biggest surge in U.S. prices in 40 years is over, but the fight against inflation is not. First the…
Novo Banco yet to decide on frozen Venezuelan funds after ruling
LISBON (Reuters) - Portugal's Novo Banco said its lawyers were studying a ruling by a Lisbon court that Venezuela claims…
Housing prices were a big driver of inflation. Now some economists see a slowdown.
Housing costs continue to drive U.S. consumer prices up in July, but economists are expecting a slowdown in the coming…
Yellen to tout U.S. economy’s resilience, jobs recovery in major speech
By Andrea Shalal WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen will highlight the U.S. economy's continuing resilience in a…
SEC’s Ripple appeal could embolden DC crypto skeptics
The U.S. Securities and Exchange Commission’s request to appeal a federal judge’s ruling on whether it has jurisdiction over sales…
US set to unveil long-awaited crackdown on real estate money laundering
By Luc Cohen and Chris Prentice NEW YORK (Reuters) - The U.S. Treasury Department will soon propose a rule that…
U.S. budget deficit hits $1.6 trillion in first 10 months of fiscal year
The numbers: The federal budget deficit hit $1.6 trillion in the first 10 months of fiscal year 2023, more than…
Analysis-US stock gains may grow elusive as boost from inflation slowdown wanes
By Lewis Krauskopf NEW YORK (Reuters) - As inflation worries ease, U.S. stocks may need a fresh source of fuel…
Wells Fargo offers $10,000 in down-payment assistance for eligible home buyers in 8 U.S. metro areas
As American home buyers contend with high mortgage rates and rising home prices, one bank is offering $10,000 in grants…
Biden seeks $24 billion for Ukraine, may test bipartisan support in Congress
By Patricia Zengerle and Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden asked Congress to approve about $40 billion in…
Plane tickets were cheaper again in July, but that won’t last for long, economists say
Plane tickets keep getting cheaper, even as price levels creep up again in the broader economy. But the cost of…
Biden expands US aid for Hawaii as wildfires grip Maui
By Nandita Bose SALT LAKE CITY (Reuters) -President Joe Biden on Thursday expanded federal aid to Hawaii and promised help…
Inflation rose 3.2% in July as prices tick higher for first time in a year
Inflation ticked higher in July, snapping a year-long streak of steady declines in prices as consumers continued to grapple with…
Gold prices little changed after U.S inflation report shows prices edge up for first time in over a year
Gold prices were steady on Thursday, after recovering partially from some recent losses which were driven by higher global bond…
Explainer-US starts process to restrict some investment in key tech in China
By Andrea Shalal and Karen Freifeld (Reuters) - The White House on Wednesday moved to start prohibiting some U.S. investments…
Social Security’s COLA could be about 3% in 2024 — after an 8.7% increase in 2023
Social Security recipients could see a roughly 3% boost next year, according to new estimates on Thursday following the release…
China to require all apps to share business details in new oversight push
By Josh Ye HONG KONG (Reuters) -China will require all mobile app providers in the country to file business details…
Generation Z credit-card debt soars 52% amid high inflation — but experts say that may not be a bad thing. Here’s why.
Members of Generation Z are making a splash with their credit cards. The total credit-card balances for Gen Z consumers…