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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Powell: Strong economy may need more restraint, but bond markets are helping
By Howard Schneider and Michael S. Derby NEW YORK (Reuters) -The U.S. economy's strength and continued tight labor markets could…
Social Security’s 3.2% COLA reflects cooling inflation
With the release of the September CPI-W inflation number, the Social Security Administration announced that the COLA for 2024 will…
Meta, TikTok given a week by EU to detail measures against disinformation
By Charlotte Van Campenhout and Bart H. Meijer BRUSSELS (Reuters) -Meta and TikTok have been given a week by the…
Beige Book sees ‘slightly weaker’ U.S. economy — and easing inflation
The U.S. economy exhibited “stable” to “slightly weaker” growth in the early fall, a Federal Reserve survey found, helping to…
Fed’s Bostic: Lowering inflation still main US central bank mission
NEW YORK (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that controlling inflation is still…
Powell says more strong data like in September could warrant further interest-rate hikes
Federal Reserve Chairman Jerome Powell on Thursday said that the central bank is “attentive” to the recent economic data that…
BOFA Forecasts Parallels Between Reaganomics Era and Current Fiscal Policies
Bank of America (BofA) has drawn parallels between the current fiscal and monetary policies and those during the Reaganomics era,…
Opinion: AI needs a strong code of ethics to keep its dark side from overtaking us
With the advent of generative artificial intelligence, AI-industry leaders have been candidly expressing their concerns about the power of the…
Argentina gov’t moves to calm FX market, pledges no post-election devaluation
By Jorge Otaola BUENOS AIRES (Reuters) - Argentina's government intervened in the foreign exchange market on Thursday to tamp down…
Opinion: Israel-Hamas war threatens tech sector growth and innovation
Renowned as the “startup nation”, Israel’s vibrant technological ecosystem stands as a testament to its innovative spirit and resilience. This…
Fed Cautious on Further Rate Hikes Amid Economic Uncertainties
Federal Reserve Chair Jerome H. Powell, in his address to the Economic Club of New York on Thursday, outlined the…
House speaker election: Jordan says he’s aiming for third vote, as measure backing McHenry stalls
Rep. Jim Jordan’s push to become the next speaker of the U.S. House of Representatives looked stuck Thursday, but the…
Lula seeks approval for Brazil central bank picks for Jan rate decision
By Marcela Ayres, Bernardo Caram and Lisandra Paraguassu BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva is moving swiftly…
Defense spending boosts economy as U.S. mulls more aid for Ukraine and Israel
The U.S. economy has gotten a pop from higher defense spending since the late spring. Now a new conflict in…
Federal Reserve hints at pause in interest rate hikes
Federal Reserve Chair Jerome Powell indicated a possible halt in interest rate hikes during his address at the Economic Club…
‘Worldwide Caution’ alert issued for Americans amid Mideast tensions. Here’s what that means.
The U.S. State Department is warning U.S. citizens around the world to exercise caution as tensions are on the rise…
U.S. lawmakers expect Biden spending request this week, Israel wants $10 billion – source
By Patricia Zengerle WASHINGTON (Reuters) - U.S. Senate leaders said on Tuesday they expect President Joe Biden to send them…
Tunisia president sacks the economy minister over statement about IMF
TUNIS (Reuters) - Tunisian President Kais Saied on Tuesday sacked Economy Minister Samir Saied after fresh statements that a deal…