Browsing: Economy

By Howard Schneider WASHINGTON (Reuters) – Pessimists watching the Federal Reserve battle inflation have focused on the so-called “last-mile” problem, convinced a full return to the…

The numbers: Builder confidence waned in August as the 30-year mortgage rate surged, dampening U.S. home-buying interest. Despite a persistent shortage of homes on the market…

BEIJING (Reuters) – Bank of China Ltd, China’s fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and…

The numbers: Sales at U.S. retailers rose 0.7% in July and posted the biggest increase in six months, helped by strong Internet purchases on Amazon Prime…

Global wealth fell last year for the first time since the financial crisis of 2008, according to an annual report released Tuesday. The Global Wealth Report…

SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday he hopes for the United States to want to invest in Brazil…

As analysts react to the fourth criminal indictment of former President Donald Trump, this time in Georgia’s Fulton County, they’re paying attention in particular to how…

(Reuters) -Turmoil at China’s largest private developer Country Garden could set off a “vicious cycle” of financing stress on the country’s real estate investment trusts (REITs),…

The Atlanta Federal Reserve estimates the U.S. economy is on track to grow at a frothy 5% annual pace in the third quarter, following a strong…

MOSCOW (Reuters) – Russia’s central bank will hold an extraordinary meeting on Tuesday to discuss the level of its key interest rate, it said on Monday,…