Category Economy

Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.

SoFi shares fall after KBW downgrade on valuation issues

By Niket Nishant (Reuters) -Shares of SoFi Applied sciences (NASDAQ:SOFI) fell 6% on Thursday after KBW downgraded its inventory on issues over the fintech agency’s lofty valuation and impressive monetary targets, additional cooling a months-long rally. Analysts on the brokerage…

US weekly jobless claims slide to eight-month low

By Lucia Mutikani WASHINGTON (Reuters) -The variety of Individuals submitting new purposes for unemployment advantages dropped to an eight-month low final week, pointing to low layoffs on the finish of 2024 and in line with a nonetheless wholesome labor market.…

Indonesia’s Dec inflation at 1.57% y/y, as anticipated

JAKARTA (Reuters) – Indonesia’s annual inflation price in December was 1.57%, barely modified from 1.55% within the earlier month, official knowledge confirmed on Thursday, and near economists’ estimate of a 1.60% price in a Reuters ballot. The annual core inflation…

China provides 28 US entities to export management checklist

BEIJING (Reuters) – China has added 28 U.S. entities to its export management checklist to “safeguard nationwide safety and pursuits”, the commerce ministry mentioned on Thursday. The businesses on the checklist embrace Normal Dynamics (NYSE:GD), Boeing (NYSE:BA) Protection, House &…