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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Bank Of Canada Maintains 5% Interest Rate Amid Housing Supply Shortage
The Bank of Canada has instituted a second "conditional pause" at a 5% interest rate, following ten consecutive hikes. The…
Fed won’t raise rates next week and hopes that they’re done
The Federal Reserve will hold interest rates steady at its meeting next week, extending the pause that began after the…
US consumer spending exits third quarter on strong note; monthly core inflation rises
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending surged in September as households boosted purchases of motor vehicles and…
Fed Rate Cut Anticipated In June 2024 Amid Easing Inflation And Robust Consumer Spending
The Federal Reserve is expected to maintain its current rates, as traders forecast the first rate cut to occur in…
U.S. adds Hamas sanctions as crypto industry fights back against funding claims
The Treasury Department announced new sanctions Friday against Hamas in the wake of its attack on Israel earlier this month.…
Lula says no need to erase Brazil’s fiscal deficit next year
By Lisandra Paraguassu BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Friday that his government does not…
S&P 500 index on pace to enter a correction. Here’s what it means for future performance.
The S&P 500 index is on pace to close in correction territory on Friday, its 103th time in history if…
RBI Raises Non-callable Bank FDs Cap and Mandates CICs for Improved Customer Service
The Reserve Bank of India (RBI) has recently raised the cap for non-callable bank fixed deposits (FDs) to Rs 1…
EKJFX Mutual Fund Underperforms With High Volatility and Low Returns
San Francisco-based EKJFX mutual fund, part of the Allspring family, has been struggling with underperformance and high market volatility, according…
Consumer sentiment improves, but higher gas prices and falling stock market add to angst
The numbers: Consumer sentiment improved slightly at the end of October, but higher gas prices left people more worried about…
Opinion: Financial markets worldwide now face a higher chance of extreme events, El-Erian warns
Businesses, governments and investors were already navigating a foggy global landscape before the tragic events unfolding in the Middle East.…
US ‘frankly raised’ disagreements with China at first financial working group meeting
(Reuters) - U.S. officials "frankly raised areas of disagreement" with China at the first meeting of a new financial working…
Bank of Canada holds rates, says inflationary risks have increased
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada (BoC) on Wednesday held its key overnight rate…
Inflation rises faster than expected, Fed’s preferred PCE price tracker shows
The numbers: The cost of goods and services rose a higher-than-expected 0.4% in September, keeping the pressure on the Federal…
Canadians with auto loans show stress from rate hikes as mortgage holders cope
By David Ljunggren and Nivedita Balu OTTAWA (Reuters) -Canada's central bank on Wednesday highlighted stress building in customers with auto…
Consumer spending rises sharply again and buoys economy
The numbers: Consumer spending rose a a sharp 0.7% in September, underscoring the recent strength in the U.S. economy. Analysts…
U.S mortgage rates soar to highest in more than 23 years
(Reuters) - The interest rate on the most popular U.S. home loan last week jumped to the highest since September…
Mexico sees solid economic expansion but price pressures persist
MEXICO CITY (Reuters) - Mexico's economy, the second biggest in Latin America, could expand by 3.5% or more this year,…