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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Brazil’s Haddad affirms fiscal commitment but avoids questions on 2024 budget target
BRASILIA (Reuters) - Brazilian Finance Minister Fernando Haddad said on Monday that as long as he is in his job…
AI could spark the next financial crisis, SEC Chair Gary Gensler says
Securities and Exchange Commission Chair Gary Gensler has plenty to worry about as he seeks to bring order and fairness…
Colombia markets rise in wake of government defeat in local elections
By Nelson Bocanegra BOGOTA (Reuters) - Colombian markets rose on Monday, pushed higher on the view that the defeat of…
U.S. fiscal deficit a ‘more serious problem than ever before,’ says Larry Summers
Former Treasury Secretary Larry Summers believes that the current federal budget deficit poses a greater challenge for the economy than…
Colombia 12-month inflation forecast to slow in October: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) - Colombia's inflation could have slowed in October but forecasts for consumer price growth through…
Bankman-Fried says he wasn’t aware of FTX’s missing $8 billion until just before its collapse
FTX founder Sam Bankman-Fried insisted Tuesday that he was unaware that $8 billion of customer money had disappeared until just…
US Treasury lowers quarterly borrowing estimate for October-December period
Investing.com -- The U.S. Treasury lowered its estimate for federal borrowing for the current quarter as it looks to continue replenishing…
Fed’s Interest Rate Hikes Stir Economic Anxiety Among Middle-Class Americans
Middle-class Americans are increasingly anxious about the economy, despite a strong job market and a blowout GDP report showing an…
New Series I Bond rate ticks up to 5.27%, with a hearty fixed rate for the long haul
The new rate for Series I Bonds starting on Nov. 1 will be 5.27% – a combination of a 1.3%…
Bank of Canada says high rates, slow growth will impact govt spending
OTTAWA (Reuters) -The Bank of Canada on Monday said higher interest rates and low growth will impact the federal government's…
Chicago business activity index in contraction territory for 14th straight month in October
The Chicago Business Barometer, also known as the Chicago PMI, inched down to 44 in October from 44.1 in the…
Marketmind: All eyes on Bank of Japan’s 1% yield cap
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Consumer confidence falls to 5-month low on worries over inflation, rates and Mideast
The numbers: A survey of consumer confidence fell to a five-month low of 102.6 in October amid worries about inflation,…
US House Republicans seek to block California high-speed rail funds
By David Shepardson WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives on Wednesday plans to vote on legislation that…
Here’s how House Republicans’ Israel-aid bill could add $30 billion to the deficit
House Republicans have released a proposal to grant Israel billions of dollars in military aid and to pay for it…
Goldman Sachs revises U.S. GDP growth and government shutdown predictions
Goldman Sachs economists have revised their projections for U.S. GDP growth and the likelihood of a government shutdown, following changes…
The stock market hinges on Fed Chair Jay Powell’s every word. Now, the presidential election could too
The focus of the country is about to switch to 24/7 wall-to-wall coverage of the presidential election, including primaries, debates,…
Bank of America report: Rising childcare costs impact US consumer spending and labor market
The Bank of America Institute's recent report has shed light on the escalating childcare costs in the US, which are…