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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Bonds eye Q4 salvation in another year to forget: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Stick it out, double down, or cut your losses? This is the dilemma many…
Bank of America Report Reveals Workers’ Financial Stress as Living Costs Surpass Income
A recent report by Bank of America has emphasized the financial strain faced by American workers, with two-thirds grappling with…
Treasury’s Yellen says US overdependent on China for critical supply chains
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday the United States has become overly dependent on China…
DoubleLine’s Gundlach says Fed’s ‘higher for longer’ stance a problem
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The Federal Reserve's stance of "higher for longer" on interest rates has become…
Trump hit with gag order after lashing out at court clerk in NY fraud case
By Jack Queen NEW YORK (Reuters) - The judge overseeing Donald Trump's civil fraud trial on Tuesday imposed a gag…
RBNZ Keeps Interest Rates Steady, Says Policy Could Be Restrictive for Some Time
By David Winning SYDNEY--New Zealand's central bank kept interest rates unchanged ahead of a national election later this month where…
Marketmind: Breaking point?
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Kevin McCarthy won’t run for House speaker again, says he has no regrets
Hours after being ousted as speaker of the House, Rep. Kevin McCarthy said he was “at peace” with how it…
Intel to spin out programmable chip unit, hold IPO; shares rise 2%
By Stephen Nellis and Samrhitha A (Reuters) -Chipmaker Intel (NASDAQ:) on Tuesday said it plans to operate its programmable chip…
Brazil’s government seeks Congress vote on bill taxing offshore, closed-end funds this week
BRASILIA (Reuters) - The Brazilian government wants Congress to pass a bill this week that would tax offshore and closed-end…
Kevin McCarthy ousted as House speaker, falling after historic challenge by Matt Gaetz
The U.S. House of Representatives removed Rep. Kevin McCarthy from his post on Tuesday, as 216 members of his chamber…
Federal Reserve expands outreach to Instagram and Threads
In a move to enhance transparency and comprehension of its activities amid economic challenges, the Federal Reserve has expanded its…
Kevin McCarthy ousted: Here’s who could replace him as House speaker
Kevin McCarthy has been ousted as speaker of the House of Representatives. Who could replace him? That person, and the…
World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook
BEIJING (Reuters) - The World Bank has maintained its forecast for China's 2023 economic growth at 5.1%, in line with…
Trump-era chief of staff and retired Marine Corps general John Kelly goes on-the-record to confirm ‘suckers’ and ‘losers’ remarks
John Kelly delivered a scathing rebuke of former President Donald Trump, under whom Kelly served as secretary of homeland security and then…
Nigerian reform drive falters, threatening Africa’s biggest economy
By MacDonald Dzirutwe and Libby George LAGOS/LONDON (Reuters) -Nigerian President Bola Tinubu's lightning-fast reform push after taking office in May…
When worlds collide: Bankman-Fried and Trump trials create spectacle in New York courts
The worlds of politics and finance duked it out for attention in lower Manhattan Tuesday as the multi-billion fraud trial…
World Bank maintains China’s 2023 growth forecast, trims 2024 outlook due to property sector weakness
The World Bank has upheld its 2023 economic growth projection for China at 5.1%, consistent with its previous estimate in…