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
Bond yields edge higher ahead of PCE inflation data
Bond yields edged higher on Friday ahead of the release of key inflation data.What’s happening The yield on the 2-year…
Alphabet shares sink as Microsoft extends cloud lead with focus on OpenAI
By Aditya Soni and Krystal Hu (Reuters) -Alphabet shares slumped on Wednesday after its cloud unit's growth fell to near…
Ackman’s bet against US Treasuries pays off with $200 million profit
By Svea Herbst-Bayliss NEW YORK (Reuters) - Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly…
World Bank Aids South Africa’s Shift From Coal With $1 Billion Loan
South Africa has embarked on a journey to transition from coal to cleaner energy sources, backed by a substantial $1…
US SEC enforcement penalties fell in FY2023 even as industry bars rose -official
By Chris Prentice WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) levied $5 billion through enforcement actions and…
Yellen says community banking investments boost lending to Black, Latino firms sharply
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Wednesday that $8.5 billion in COVID-era investments in community development…
Stock Market Today: Dow ends lower on drag from Google, Boeing; yields resume rise
Investing.com -- The Dow fell Wednesday, pressured by rising Treasury yields and Alphabet-led weakness in tech following disappointing quarterly results…
Stanlib, Standard Bank And Liberty Launch $1 Billion Energy Transition Fund
Stanlib, in partnership with Standard Bank and Liberty, is launching an Energy Transition Fund to accelerate Africa's shift towards renewable…
Ameriprise Financial profit rises as AUM, client assets climb
(Reuters) - Financial adviser Ameriprise Financial (NYSE:) on Wednesday reported a jump in third-quarter adjusted profit, helped by higher client…
Maine legislator who opposed assault-weapons bans says ‘time has come for me to take responsibility for this failure’
“‘I have opposed efforts to ban deadly weapons of war like the assault rifle he used to carry out this…
Reflex Advanced Materials Boosts Private Placement Financing to $1.5 Million
British Columbia-based firm, Reflex Advanced Materials (RFLXF), has announced an increase in its non-brokered private placement financing from an initial…
Marketmind: A familiar pattern – stocks slump, yields spike
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Senators blast U.S. Iran policy for dragging Washington into ‘shooting war’ after Hamas attack
Lawmakers from both parties on Thursday criticized the recent U.S. stance toward Iran, arguing that both Democratic and Republican administrations…
Chinese firms to invest nearly $1 billion in northern Mexico -state officials
((This Oct. 18 story has been corrected to remove references to Hesai Technology after the Nuevo Leon Economy Ministry revised…
Whirlpool tempers annual profit forecast on slowing demand
(Reuters) - Whirlpool Corp (NYSE:) tempered its full-year profit forecast on Wednesday, signaling softening demand for its washing machines and…
U.S. pending home sales stay near record low despite modest pickup in September
The numbers: U.S. pending home sales rebounded in September but remain near a record low as high mortgage rates and…
Data center firm Equinix trims annual revenue forecast on weak corporate spending
(Reuters) - Data center company Equinix (NASDAQ:) trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic…
U.S. trade deficit in goods widens 1.3%, modest drag for GDP growth in third quarter
The numbers: The U.S. trade deficit in goods widened 1.3% to $85.8 billion in September, according to the Commerce Department’s…