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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Biden says he’ll make ‘major speech’ on Ukraine aid
President Joe Biden on Wednesday said he’ll be making a major speech on the issue of more U.S. aid for…
Fed’s Bostic Anticipates Single Rate Cut In 2024, Sees Inflation Nearing 2% By End of 2025
Raphael Bostic, President of the Federal Reserve Bank of Atlanta, has indicated that he foresees a single quarter-point rate cut…
US Supreme Court appears wary in case targeting consumer financial watchdog
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday appeared skeptical of the payday lending…
Speaker pro tem McHenry takes swift action to evict Pelosi from honorary ‘hideaway’ office at Capitol
One of Patrick McHenry’s first acts in the temporary position of speaker pro tempore — after his theatrical gavel slam…
UK minister says “zero” chance of free trade deal with Biden
MANCHESTER, England (Reuters) - British business and trade minister Kemi Badenoch said there was a "zero" chance of a free…
ADP says only 89,000 private jobs were created in September. That’s way below forecast.
The numbers: U.S. private-sector employment rose by a tepid 89,000 in September, payroll processor ADP said, perhaps a sign the…
Countries pledge to raise $12 billion to fund coral reef protection
By David Stanway SINGAPORE (Reuters) - An alliance of nations said on Tuesday members would raise $12 billion to protect…
U.S. factory orders rise in August
Orders for U.S. manufactured goods rose 1.2% in August, the Commerce Department said Wednesday, after declining 2.1% the prior month.…
US State Dept slams Congress for failure to renew anti-AIDS program
By Simon Lewis and Patricia Zengerle WASHINGTON (Reuters) - The failure of Congress to reauthorize the main U.S. program aimed…
U.S. economy cools off slightly, ISM finds, but businesses still feel ‘positive’
The numbers: An ISM barometer of business conditions at service-oriented companies such as retailers and health-care providers fell slightly in September…
US bond market anticipates rate reductions amid potential Fed hike
The US bond market is witnessing fluctuations due to predictions of interest rates ranging between 3-6% under an extended high…
Latin America faces rising consumer debt, World Bank warns
A forthcoming report from the World Bank flags increasing levels of consumer debt in Latin America, particularly in Brazil and…
U.S. mortgage demand drops to lowest level in 27 years as rates march towards 8%
The numbers: Home buying demand dropped as U.S. mortgage rates rose for the fourth week in a row to the…
World Bank cuts Bangladesh’s FY23-24 GDP growth forecast amid inflation concerns
In a recent press conference held in Dhaka on Tuesday, the World Bank (WB) revised its prediction for Bangladesh's GDP…
‘The shot heard round the world’: North Carolina Rep. Patrick McHenry’s gavel slam after Kevin McCarthy’s removal goes viral
That’s one tough gavel. At least that’s the reaction some might have had after Rep. Patrick McHenry, a Republican from…
Fed officials see high long rates as “complicated,” but not yet a threat
By Howard Schneider ATLANTA (Reuters) -Federal Reserve officials see rising yields on long-term U.S. Treasury debt as evidence their tight-money…
US Treasury yields hit decade high, driven by strong labor market and inflation fears
US Treasury yields have surged to levels not seen since August 2007, amid expectations of continued monetary tightening by the…
Affluent Americans’ philanthropic trends shift amid economic uncertainty
In recent reports, affluent American households have shown a shift in their philanthropic trends amidst economic uncertainty. According to a…