Economy

Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said there is a lot of uncertainty over what is driving...

NYC’s downtown recovery post-COVID ranked among worst in US: study

The hustle and bustle of New York City's business districts is still down by a third of what they were...

Next Republican debate: When is it, and who will be participating on stage?

The major Republican presidential contenders are set to face off against one another in the third debate on Wednesday night,...

Bank of America, others hit by ACH-related deposit delays

Today, an Automated Clearing House (ACH) issue led to deposit delays across several major banks, including Bank of America, Chase,...

US accounting giant to lay off more of its workforce

FIRST ON FOX — Grant Thornton LLP is laying off 200 people, its second round of layoffs in the past...

Credit is getting tighter, and it’s only a matter of time before it chokes growth, economist says

The numbers: Banks continued to tighten standards for business loans in the third quarter, according to a survey of loan...

Euro zone labour market shows no sign of weakening: Lagarde

Three job signals to console the Fed, and a yellow flag

By Howard Schneider WASHINGTON (Reuters) - The October jobs report likely was a relief to Federal Reserve officials who hope...

Central banks’ big pause spurs bruised bond investors to double down

Analysis-Traders bet ECB will be first big central bank to cut rates

By Yoruk Bahceli (Reuters) - Financial markets are ramping up expectations for interest rate cuts from the European Central Bank,...

Starbucks raising wages at least 3% starting Jan. 1

Starbucks announced Monday that it is raising wages for its workers at least 3% starting next year as part of...

Debt not a big threat yet to U.S. economy, Cook says, but Fed can’t let down its guard