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 America Points to Municipal Bonds as Lucrative Option for Wealthy New Yorkers
Bank of America Corp (NYSE:). strategists Yingchen Li and Ian Rogow have suggested that wealthy New Yorkers may find more…
Carnival’s fuel costs overshadow better annual forecast on cruise boom
By Juveria Tabassum (Reuters) -Cruise operator Carnival (NYSE:) narrowed its annual loss forecast and swung to a third-quarter profit thanks…
Colombia’s central bank holds rate at 13.25% despite government call to start cuts
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia's central bank on Friday held the benchmark interest rate at 13.25%…
Bank deposits, lending climb in latest week:Fed
Invesitng.com -- Bank deposits, and lending rose in the week ended Sep. 20, the latest data Friday from the Fed…
Global stocks edge down with data boost fading, shutdown and quarter-end in focus
By Sinéad Carew NEW YORK (Reuters) - MSCI'S global equities ended Friday's choppy session slightly lower as investors prepared for…
Analysis-Global bond investors fear more declines after vicious quarterly selloff
By David Randall and Yoruk Bahceli (Reuters) -Fiscal concerns and worries over a prolonged period of elevated interest rates sent…
US inflation outlook brightens as underlying price pressures subside
By Lucia Mutikani WASHINGTON (Reuters) - Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food…
US stock market’s powerhouses tested by soaring bond yields
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) - Surging bond yields are rattling U.S. stocks, and some…
Consumer sentiment improves slightly ahead of possible government shutdown
The numbers: Consumer sentiment improved slightly at the end of September, but Americans were unsure about the future of the…
Factbox-How a US government shutdown would affect foreign policy
WASHINGTON (Reuters) - If Congress fails to provide funding for the fiscal year starting on Sunday and the government shuts…
Government shutdown may delay Social Security’s COLA release
Social Security’s cost-of-living-adjustment calculation for 2024 is expected in mid-October, but a U.S. government shutdown could put that release on…
Republicans reject own funding bill, US government shutdown imminent
By Moira Warburton and David Morgan WASHINGTON (Reuters) - Hardline Republicans in the U.S. House of Representatives on Friday rejected…
McCarthy maintains tough tone as government shutdown on Sunday looks unavoidable
House Speaker Kevin McCarthy, a California Republican, didn’t give any indications during a news conference Friday that he would make…
BP’s US boss to leave company weeks after CEO Looney
By Ron Bousso LONDON (Reuters) -BP's top executive in the United States, Dave Lawler, is leaving the company, the energy…
Here’s how a government shutdown can cause a major financial crisis
As a government shutdown appears likely, Americans are preparing for disruptions to food aid, air travel, and much more. Worse…
Fed’s Williams says interest rates ‘at, or near peak.’ But they won’t be coming down soon.
The chief of the New York Federal Reserve said that a key U.S. interest rate is “at, or near, the…
Bank of America faces $105.8 billion loss amid banking industry recovery
In a recent turn of events, Bank of America is grappling with considerable losses on its bond portfolio, amidst broader…
Climate change: U.S. Treasury details extreme-weather strain on households, steps up scrutiny of insurance gap
A new Treasury Department report finds that more than half of U.S. counties — populated by millions of Americans —…