Higher rates trigger big retreat in global non-bank sector
By Huw Jones LONDON (Reuters) - Multi-trillion dollar non-banking finance saw its first major retreat last year since the global...
Economy
November jobs breakdown: Which industries hired the most workers last month?
The U.S. economy continued to add jobs at a solid clip in November, as strong hiring in health care and...
Shein’s IPO faces frosty reception in Washington
Shein’s IPO filing is sparking fresh talk in Washington that the fast-fashion company deserves considerable scrutiny for possible links to...
Fed’s Mester says next phase is to see how long its policy needs to remain ‘restrictive’ – FT
(Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said financial markets had got "a little bit ahead" of...
Door Dash updates tipping policy after NYC passes minimum wage law
DoorDash and similar food delivery services are changing their tipping policy following the New York City government's decision to increase...
Fed’s Mester says interest-rate policy is in a ‘good place’
Interest-rate policy is in a “good place” at present and can move in either direction based on how the economy...
BofA sees four rate cuts from Fed next year
(Reuters) - BofA Global Research said on Monday that it expects the U.S. Federal Reserve to deliver four 25-basis point...
US budget gap is $47 billion more than previous year: report
The Congressional Budget Office (CBO) announced Friday that it is estimating that the federal budget deficit totaled $383 billion in...
Fed’s Beige Book finds economy has slowed — and so has inflation
The U.S. economy slowed in November while inflation also tapered off, according to a Federal Reserve survey, suggesting the central...
China’s economic conditions to improve in 2024 – officials
BEIJING (Reuters) -China's economy is expected to see more favourable conditions and more opportunities than challenges in 2024, state media...
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