Fed’s Powell sees long-term damage if US debt ceiling not raised
NEW YORK, March 7 (Reuters) – The United States risks long-term damage if Congress does not raise the national debt ceiling, Federal Reserve Chair Jerome...
Fed “acutely aware” of trouble inflation is causing – report
WASHINGTON, March 3 (Reuters) – The U.S. Federal Reserve is “acutely aware” of the challenges high inflation poses to the economy and is “strongly committed”...
Wells Fargo lays off mortgage bankers – CNBC
Feb 22 (Reuters) – Wells Fargo & Co (WFC.N) laid off hundreds of mortgage bankers this week as part of its recent strategic shift, CNBC...
Dollar clings to modest gains on data
U.S. jobless claims fall, showing labor market tightness Fed funds futures price in peak of 5.34% in July Stronger dollar will result in harder U.S....
Shares fall with oil prices amid concerns about U.S. Fed rate hikes
NEW YORK, Feb 17 (Reuters) – The S&P 500 and the Nasdaq finished in the red on Friday and oil prices settled lower after U.S....
Russians bought record number of gold bars in 2022, data shows
This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Feb 3 (Reuters) – Russians bought an...
Lebanon to devalue currency by 90% on Feb. 1, central bank chief says
BEIRUT, Jan 31 (Reuters) – Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor...
Analysis: Wall Street heavyweights warn of pain ahead despite market’s recent reprieve
NEW YORK, Jan 25 (Reuters) – Some of Wall Street’s biggest names are throwing cold water on expectations that the U.S. economy will scrape through...
U.S. inflation roller coaster prompts fresh look at long-ignored money supply
NEW YORK, Jan 26 (Reuters) – The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a...
Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain
Jan 27 (Reuters) – Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the...