Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.
(Reuters) – Thomson Reuters on Thursday reaffirmed 2025 monetary steerage amid tariff-induced international financial turmoil that has led some firms to revise or scrap forecasts altogether. The Toronto-based content material and know-how firm reported quarterly income rising 1% to $1.9…
In the present day’s mortgage rates of interest are in all places. For instance, in keeping with Zillow, the 30-year fastened mortgage fee has elevated by 5 foundation factors to 6.64%. Nevertheless, the 15-year fastened fee has held regular at…
(Reuters) -Billionaire Elon Musk is contemplating sending his authorities effectivity workforce to the Federal Reserve, Bloomberg Information reported on Thursday, citing a pricey renovation of the central financial institution’s Washington DC headquarters for example of potential authorities waste. U.S. President…
DUBAI, United Arab Emirates (AP) — International locations throughout the Center East and North Africa face important challenges to financial progress because the area faces financial uncertainty as a result of tariff measures, lower-than-recent oil costs and cuts to monetary…
AMSTERDAM (Reuters) -The sweeping commerce tariffs introduced by U.S. President Donald Trump would cut back financial development within the Netherlands by a proportion level by way of 2026, Dutch financial coverage adviser CPB stated on Thursday. Development could be 0.4…
An individual works on the ground on the New York Inventory Trade in New York, Monday, March 31, 2025.AP Picture/Seth Wenig Main US indexes dropped Wednesday amid destructive GDP, inflation, and labor readings. The info suggests the US financial system…
By Arathy Somasekhar (Reuters) – Oil costs edged larger on Thursday, steadying barely after sharp losses on the day past pushed by indicators Saudi Arabia may produce extra, and because the U.S. financial system contracted within the first quarter. Brent…
(Reuters) -U.S. President Donald Trump on Wednesday appeared to recommend he knew extra about rates of interest than Federal Reserve Chairman Jerome Powell and that charges must be minimize. “Mortgage charges are literally down barely regardless that I’ve a man…
Gerard Bottino / SOPA Photos / LightRocket by way of Getty Photos Bookings for cruises to the Caribbean are sturdy, however have been uneven for journeys to Europe, Norwegian Cruise Line Holdings mentioned Wednesday. Executives mentioned customers appear extra comfy…
The Trump commerce warfare hasn’t thrust the US economic system right into a recession, Visa (V) CEO Ryan McInerney says. “We noticed robust, broad-based client spending. We positively noticed some deceleration in sure components of the economic system, but in…
