Browsing: Economy

Mortgage rates remain over 7% as the U.S. economy continues to show signs of strength. The 30-year fixed-rate mortgage averaged 7.12% as of Sept. 7, according…

By Karin Strohecker and Vincent Flasseur LONDON (Reuters) -Central banks across major developed and emerging economies took a breather in August with the pace and scale…

U.S. stocks finished lower on Wednesday with the Nasdaq Composite suffering three consecutive sessions of losses as investors remained wary of higher Treasury yields after a…

By Michael S. Derby NEW YORK (Reuters) – Almost half a year after Silicon Valley Bank went belly up and nearly set off a national banking…

There has always been a broad consensus among economists that investments in research and development (R&D) fuel the engine of economic growth. This consensus is based…

By Julie Zhu, Kevin Huang, Yelin Mo and Roxanne Liu HONG KONG/BEIJING (Reuters) – China is set to launch a new state-backed investment fund that aims…

Unit-labor costs, a gauge of wage inflation, rose at a revised 2.2% annual rate in the second quarter, up from the initial estimate of a 1.6%…

(Reuters) – The growth in euro zone’s gross domestic product (GDP) may come under pressure as corporates ease the pace of investments due to higher borrowing…

The numbers: Initial jobless benefit claims fell by 13,000 to 216,000 in the week ended Sept. 2, the U.S. Labor Department said Thursday.  This is the lowest…

BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said on Tuesday that the slower growth seen in China is not affecting commodity prices “that…