Hungary finance minister says inflation sensitive to global economic shocks
BUDAPEST (Reuters) - Hungary's finance minister on Saturday warned against complacency despite a sharp fall in the European Union's highest...
Economy
Walmart to give US store managers a raise
Walmart announced Thursday that its U.S. store managers will get a raise in February, increasing the average hourly wage at...
Wall Street has been absolutely befuddled by the U.S. economy. Here’s how bad it’s been.
No one said it would be easy to forecast an economy, coming out of a pandemic, after unprecedented fiscal stimulus...
Fannie Mae predicts lower mortgage rates by year-end as Fed eases policy
WASHINGTON - Fannie Mae has revised its mortgage rate forecast, now expecting rates to decline to around 5.8% by the...
Wayfair to cut 1,650 jobs a month after CEO says employees should be ‘working long hours’
Wayfair is cutting about 13% of its global workforce, affecting approximately 1,650 employees, the company announced Friday. The e-commerce home...
Ship traffic to resume in Turkey’s Bosphorus Strait after suspension
ISTANBUL (Reuters) -Ship traffic in Turkey's Bosphorus Strait is set to resume for northbound vessels as of 1700 GMT on...
Existing home sales tumbled to lowest level since 1995 last year
U.S. existing home sales retreated in December after rising the previous month, closing out the worst year for the housing...
Ukraine-aid cutoff would ‘kneecap’ Kyiv as it fights Russia, White House says. Here’s what Biden wants now.
The Russia-Ukraine war is approaching its second anniversary, and the ultimate cost of the conflict has been borne by innocent...
Deadly winter weather keeps icy grip across much of the US
By Steve Gorman (Reuters) - Winter storms and biting cold that have gripped much of the United States in recent...
San Francisco’s largest mall loses more retailers as exodus continues
Tenants continue to flee San Francisco’s largest mall, the beleaguered Westfield San Francisco Centre, with another string of retailers announcing...
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