The number of Americans filing new claims for unemployment benefits fell to near 57-year lows last week, signalling subdued layoffs and continued stability in the labour market. Initial claims for …
Business
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The US national debt has climbed to $40 trillion, but the bigger question is what decades of borrowing, low interest rates, and rising asset prices have done to the economy. …
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Business
Fed rate-hold odds jump to 85% even as Warsh offers no clues on policy path
by adminby adminExpectations that the Federal Reserve will hold interest rates steady at its October meeting surged on Friday, even as persistent inflation and strong economic data continued to complicate the outlook …
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UBS predicts third rate hike early next year after September inflation data
by adminby adminUBS Global Wealth Management expects the Federal Reserve to continue raising interest rates into 2027 after stronger-than-expected annual inflation in September. The bank has revised its monetary policy outlook and …
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Robert E. Hall and Michael Woodford were awarded the 2026 Nobel Prize in Economics on Monday for their work that helps smooth out the economy’s peaks and troughs. The Royal …
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Business
Trump bought up to $5M SpaceX debt days before signing new space policy: report
by adminby adminUS President Donald Trump invested between $1 million and $5 million in debt issued by Elon Musk’s SpaceX on August 18, just two days before signing a major national space …
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Business
Trump bought up to $5M SpaceX debt days before signing new space policy: report
by adminby adminUS President Donald Trump invested between $1 million and $5 million in debt issued by Elon Musk’s SpaceX on August 18, just two days before signing a major national space …
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Business
France debt crisis: why rising bond yields are raising fears of another euro crisis
by adminby adminFrance was once viewed as one of Europe’s safest sovereign borrowers, with its bonds carrying little more risk than Germany’s. That confidence is now being eroded as investors demand a …
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US and Iranian negotiators reportedly explored a phased agreement that could reopen the Strait of Hormuz, while President Donald Trump and Chinese President Xi Jinping discussed trade, technology and artificial …
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New York Federal Reserve President John Williams said Thursday it would be “reasonable” to expect the central bank to raise interest rates again before the end of the year. Speaking …