Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.
President Trump has been pushing the Federal Reserve to chop rates of interest, writing on social media final month that the central financial institution has been “TOO LATE AND WRONG” in holding off on additional reductions. Now, the Fed is…
By Sarupya Ganguly BENGALURU (Reuters) – Issues are mounting in regards to the greenback’s protected haven attraction, in line with a majority of FX strategists surveyed by Reuters who forecast the worldwide reserve forex will decline additional over the approaching…
The Federal Reserve lowered the federal funds thrice in 2024. Because of this, deposit account charges are on the decline. The excellent news: You possibly can lock in a aggressive return on a certificates of deposit (CD) at the moment…
SINGAPORE (Reuters) -Singapore Gulf Financial institution stated on Tuesday that it has appointed former U.S. Federal Reserve vice chair Randal Quarles as vice chairman of its newly shaped world advisory board to help the digital lender’s worldwide progress technique. Singapore…
Beata Zawrzel/NurPhoto by way of Getty Photographs Oil costs dropped 2% on Monday to their lowest degree since February 2021. The decline was sparked by OPEC’s plans to extend oil provide by 411,000 barrels per day in June. People can…
By Arathy Somasekhar (Reuters) – Oil steadied on Tuesday after hitting four-year lows within the earlier session that was pushed by an OPEC+ choice to speed up output will increase, stoking fears of oversupply at a time when U.S. tariffs…
US inventory futures held regular after President Trump’s newest remarks dimmed hopes of tariff aid, including to Wall Avenue’s sense of uncertainty forward of the Federal Reserve’s subsequent coverage resolution. Futures hooked up to the Dow Jones Industrial Common (YM=F)…
MEXICO CITY (Reuters) – Mexico’s annual inflation charge seemingly ticked up in April however remained inside the central financial institution’s goal, a Reuters ballot of analysts confirmed on Monday, supporting expectations that the central financial institution will proceed reducing its…
Michael M. Santiago / Getty Pictures The S&P 500 slipped 0.6% on Monday, Could 5, 2025, breaking a nine-day successful streak forward of this week’s interest-rate choice by the Federal Open Market Committee. Medical machine maker Zimmer Biomet mentioned it…
(Reuters) -Clorox trimmed its annual gross sales forecast on Monday, because the bleach maker noticed weak client demand within the backdrop of financial uncertainty spurred by U.S. President Donald Trump’s tariffs. The corporate’s publicity to tariffs was restricted, with a…
