Splits emerge as U.S. House Republicans demand Biden negotiate on debt limit
WASHINGTON, Jan 25 (Reuters) – Republicans who control the U.S. House of Representatives are divided over how hard a line to take on the debt...
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...
Strong U.S. economic growth expected in fourth quarter, outlook darkening
Fourth-quarter GDP forecast to increase at a 2.6% rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON,...
U.S. December deficit quadruples as outlays grow, debt ceiling nears
WASHINGTON, Jan 12 (Reuters) – The U.S. government’s December budget deficit quadrupled from a year earlier to $85 billion as receipts shrank slightly and outlays...
Crypto crime hits record $20 bln in 2022, report says
LONDON, Jan 12 (Reuters) – Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed,...
Heavy discounts drive record U.S. online holiday spending, report says
Jan 5 (Reuters) – U.S. online spending during the 2022 holiday season rose by a better-than-expected 3.5%, a report by Adobe Analytics showed, as retailers...
U.S. Senate passes record $858 billion defense act, sending bill to Biden
WASHINGTON, Dec 15 (Reuters) – The U.S. Senate passed legislation on Thursday authorizing a record $858 billion in annual defense spending, $45 billion more than...
China’s producer prices fall, consumer inflation slows on soft demand
PPI falls for a second month Nov PPI -1.3% y/y vs -1.3% y/y in October Nov CPI +1.6% y/y vs +2.1% y/y in October BEIJING,...
Analysis: Blackstone REIT restriction a possible warning sign for markets
LONDON, Dec 2 (Reuters) – While there has been little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone real estate...
Silver heads for biggest deficit in decades, Silver Institute says
LONDON, Nov 18 (Reuters) – Global demand for silver is expected to rise 16% this year to 1.21 billion ounces, creating the biggest deficit in...