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
Japan set to lose its second-largest IMF shareholder status after three decades
Japan, the second-largest shareholder of the International Monetary Fund (IMF) for over thirty years, is likely to drop to fourth…
US Government Bonds Gain Appeal Amid Global Economic Slowdown
The global economy is facing a weakening state, with interest rate hikes peaking in both the Eurozone and the USA,…
U.S. durable-goods orders climb on higher military spending
The numbers: Orders for long-lasting or durable goods rose a stronger-than-expected 0.2% in August, but the increase stemmed from higher defense…
U.S. new vehicles sales to rise in September – report
(Reuters) - U.S. new-vehicle sales are set to rise in September from a year ago, helped by sustained demand, according…
Michael Cohen says Donald Trump is effectively done as a New York businessman
“‘If you really want to get to Donald, the way to do it is through his bankbook.’” That’s Michael Cohen,…
Fed’s Kashkari: 40% chance of needing ‘meaningfully’ higher rates
By Ann Saphir (Reuters) -A "soft landing" for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank…
A third of Americans believe in ‘zero-sum economics’
About a third of Americans either “agree” or “strongly agree” that the economy is a zero-sum game, and that if…
Federal Reserve to participate in $85 billion debt sale reopening in October
The Federal Reserve is set to participate in the reopening of a substantial debt sale, initially sold on July 5,…
Brazil’s central bank divided over services inflation improvement
BRASILIA (Reuters) - Brazil's central bank voiced concerns over inflation expectations not aligning with official targets and noted differing opinions…
Home-buying demand falls as mortgage rates reach multi-decade highs
The numbers: Mortgage demand fell as mortgage rates surged to multi-decade highs. The 30-year mortgage rate hit it highest level…
US New Home Sales Dip 8.7% In August Amid Rising Mortgage Rates
Recent housing market trends reveal an unexpected 8.7% decline in new U.S. home sales in August, according to data from…
Japan maintains modest economic recovery view, raises corp profits assessment
TOKYO (Reuters) - Japan retained its view of a modest recovery in the world's third-biggest economy, but upgraded its assessment…
IMF Insists Nigeria’s N87 Trillion Debt Still Within Moderate Level, Urges Continued Economic Reforms
Nigeria's total debt profile, which rose to N87.4 trillion as of June 2023, is still within the moderate level of…
Former Slovak PM Fico’s party holds narrowing lead before Sept 30 election -Focus poll
(Reuters) - The Slovak opposition SMER-SSD party, led by three-time prime minister Robert Fico, held a narrowing lead over its…
UK central bank’s rate hikes may have peaked, S&P Global signals
The Bank of England (BoE) may have reached the peak of its rate hikes cycle, according to the latest UK…
Bank of England Maintains 5.25% Interest Rate Amid Easing Inflation, S&P Global Forecasts
The Bank of England (BoE) has decided to maintain its main policy rate at 5.25%, pausing after 14 consecutive hikes,…
Members of Congress still get paid during government shutdowns. Here’s what they make.
Do members of Congress get paid during a government shutdown? Yes. Because lawmakers’ pay doesn’t need to be renewed every…
Dimon warns of potential 7% interest rate rise and systemic stress from foreign bond purchases
JPMorgan Chase (NYSE:) CEO, Jamie Dimon, has warned of a possible 7% interest rate rise and systemic stress due to…