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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Japan unlikely to fall back to zero inflation, BOJ governor says
NAGOYA, Japan — Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation…
Mortgage rates dip slightly, offering minor relief in unaffordable housing market
On Thursday, Freddie Mac reported a slight decrease in the average rate on the benchmark 30-year home loan, ending a…
The Fed wanted the bond market’s help in fighting inflation. Is it backfiring?
“‘ With financial conditions, we’re looking for persistent changes that are material … Longer-term rates that have moved up, they…
Kelly Bliss joins Federal Reserve Bank of New York’s Advisory Council
Kelly Bliss, currently leading U.S. Group Health at Teladoc (NYSE:) Health, has been added to the Second District Advisory Council…
Opinion: The U.S. must become less dependent on China for trade. Here’s what the Biden administration should do now.
The Biden administration is walking a fine line by encouraging U.S. businesses to derisk — diversify supply chains from China —…
Title: Rising Demand for Adjustable-Rate Mortgages Amid Record High Conventional Home Loan Rates
The National Association of Realtors (NAR) has reported an increased demand for adjustable-rate mortgages (ARMs) as conventional home loan rates…
Opinion: Biden, Trump and the rest of the 2024 presidential field are whiffing on the economy
“ Surging U.S. budget deficits have already contributed to rising inflation and a tripling of interest rates.” At the third…
Lithium producers stay bullish on EVs despite growing headwinds
By Ernest Scheyder and Melanie Burton (Reuters) - The world's largest lithium producers say they remain bullish on long-term demand…
Fed’s Kashkari: No discussion about interest-rate cuts
Federal Reserve officials have not discussed what it would take to cut interest rates, Minneapolis Fed President Neel Kashkari said…
Fitch downgrades Ethiopia on rising default risk
JOHANNESBURG/LONDON (Reuters) - Fitch downgraded Ethiopia deeper into junk territory on Thursday to CC from CCC-, citing gaps in the…
Ken Griffin says investors need to invest in China as IMF boosts growth forecast
Citadel founder Ken Griffin said on Tuesday that an investor has to be invested in China, which comes on the…
Yellen: Indo-Pacific allies should not have to choose between US, China
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday sought to reassure Asian countries that the U.S.…
Fed’s Goolsbee: Slowdown in job growth in October was welcome, as it brought labor market into better balance
The slowdown in job creation in October was welcome news because it brought the labor market into “a more balanced”…
Monster Beverage edges past profit expectations on higher pricing, cooling costs
(Reuters) - Monster Beverage Corp (NASDAQ:) beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy…
Trade deficit climbs 5% to $61.5 billion as U.S. imports snap back
The numbers: The U.S. trade deficit climbed almost 5% in September to $61.5 billion, but it remained near a three-year…
Marketmind: Peering past the policy peak
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Paramount says its investments in streaming have peaked, shares jump
By Chavi Mehta and Dawn Chmielewski (Reuters) -Paramount Global's investments in its fast-growing but unprofitable streaming unit have peaked a…
Jobs report shows 150,000 new jobs in October. U.S. labor market cools.
The numbers: The U.S. added a modest 150,000 new jobs in October in a sign of a cooling demand for…