Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.
By Jonathan Stempel (Reuters) -Citigroup should face a revived lawsuit claiming it triggered greater than $1 billion of losses by orchestrating and concealing an unlimited fraud on the now-bankrupt Mexican oil and gasoline companies firm Oceanografia, a U.S. appeals court…
American employees are the least assured they have been in over 4 years about discovering a brand new job in the event that they grow to be unemployed, in keeping with a brand new survey launched by the Federal Reserve…
WASHINGTON (Reuters) -U.S. President Donald Trump renewed his criticism on Thursday of Federal Reserve Chair Jerome Powell, complaining the Fed is refusing to decrease rates of interest. Trump mentioned reducing rates of interest could be “like jet gasoline” for the…
Mortgage charges stayed flat at 6.76% this week because the Treasury yields that underpin them held largely regular, based on Freddie Mac information. Fifteen-year mortgage charges moved barely decrease, averaging 5.89% within the week by Wednesday, from 5.92% per week…
By Michael S. Derby NEW YORK (Reuters) -Individuals’ views on their present and future monetary conditions, in addition to their expectations for future earnings and revenue, soured in April, amid blended views on the outlook for inflation, the Federal Reserve…
Federal Reserve Chair Jerome Powell performed down any impressions Wednesday that the central financial institution was waiting for cushion financial weak spot from President Trump’s tariffs by slicing charges. At a information convention, he used some model of the phrase…
Federal Reserve Chair Jerome Powell performed down any impressions Wednesday that the central financial institution was waiting for cushion financial weak spot from President Trump’s tariffs by slicing charges. At a information convention, he used some model of the phrase…
(Bloomberg) — US Treasury yields rose on Thursday as merchants pared bets on interest-rate cuts from the Federal Reserve after Chair Jerome Powell mentioned he received’t be rushed into decreasing borrowing prices. The policy-sensitive two-year fee climbed 4 foundation factors…
By Naomi Rovnick LONDON (Reuters) -Huge central banks are diverging as White Home tariffs threaten to lift U.S. inflation and a splash out of the greenback sparks disinflationary forex energy elsewhere. The U.S. Federal Reserve is holding charges regular for…
By Alex Lawler LONDON (Reuters) -OPEC oil output edged decrease in April regardless of a scheduled output hike taking impact, a Reuters survey discovered, led by a minimize in Venezuelan provide on renewed U.S. makes an attempt to curb the…
