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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Donald Trump to visit non-union auto-parts shop in Michigan, one day after President Biden joined striking UAW workers
Former President Donald Trump is scheduled to speak Wednesday at a non-union auto-parts maker in Michigan, one day after President…
US consumer confidence dives to four-month low; home sales tumble
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer confidence dropped to a four-month low in September, weighed down by persistent…
Fed rate cuts could come sooner than expected, says former Goldman CEO Lloyd Blankfein
The Federal Reserve probably won’t need to keep interest rates higher for longer, Lloyd Blankfein, the former Goldman Sachs chairman…
Interest Rate Hike Anticipated in 2023, No Hikes Expected in 2024: BMO Analyst
Earl Davis, an analyst at BMO, predicts a final interest rate hike for 2023 due to persistent inflation. However, he…
Hungary’s Monetary Council Aligns Overnight Deposit Rate With Base Rate
In a move to address the ongoing depreciation of the forint, Hungary's Monetary Council reduced the overnight deposit rate to…
Coinbase’s Stand with Crypto Day brings entrepreneurs to D.C.
Crypto entrepreneurs from around the country are arriving in Washington, D.C., this week, joining Coinbase CEO Brian Armstrong to lobby…
AIIB pledges $4.5 billion to Bangladesh for climate projects and other sectors
The Asian Infrastructure Investment Bank (AIIB), led by China, has pledged to provide Bangladesh with a $4.5 billion loan over…
As Biden joins UAW picket line, poll shows Democrats’ edge over GOP on ‘caring about people like me’ has vanished
President Joe Biden on Tuesday took the unprecedented step of standing with striking members of the United Auto Workers union,…
World Bank chief sees $100 billion-plus lending boost from capital moves
By David Lawder (Reuters) -World Bank Group President Ajay Banga on Tuesday said proposed new contributions from wealthy countries combined…
Here’s how the Republican presidential candidates say they’ll whip inflation
Inflation remains a top concern among Americans, so what do the Republicans seeking President Joe Biden’s job say they’ll do…
Dueling US Senate, House views on funding raise likelihood of government shutdown
By David Morgan, Richard Cowan and Moira Warburton WASHINGTON (Reuters) -The U.S. Senate on Tuesday was set to try to…
Citadel founder Ken Griffin in talks to help fund bid for U.K.’s Telegraph newspaper group
U.S. billionaire Ken Griffin, founder of the Citadel hedge fund, is in talks to help fund a transatlantic takeover bid…
Canada boosts mortgage bonds program to tackle housing affordability
In a recent move to address the ongoing housing crisis, Canada's Finance Minister Chrystia Freeland announced on Tuesday that the…
Biden tells UAW picket line to ‘stick with it,’ appears to endorse 40% raise
President Joe Biden offered praise and encouragement Tuesday to striking members of the United Auto Workers union, as he took the…
Opinion: The next president will have to navigate a tax and debt minefield
The next occupant of the Oval Office will inherit enormous fiscal challenges — an expiring tax code, a trade war,…
India’s household debt payments threaten economic growth
India's rapid economic growth, the fastest among major economies, is under threat as increasing household debt payments diminish consumer spending…
Marketmind: Fed’s hawkish pause keeps pressure on markets
A look at the day ahead in European and global markets from Brigid Riley Investors head into the final week…
U.S. new-home sales fall 8.7% in August amid high mortgage rates
The numbers: Sales of newly built homes in the U.S. fell in August as interest rates and home prices stayed…