Browsing: Economy

The Consumer Financial Protection Bureau ordered Toyota’s U.S.-based auto-financing subsidiary to pay $60 million to harmed consumers for illegally blocking customers from canceling insurance products that…

Norway’s core inflation rate rose to 6% in October, according to data released by the country’s statistics office. This unexpected surge aligns with the central bank’s…

In recent years, a wide variety of businesses have turned “junk fees” into a common scourge for consumers. These charges, such as “resort fees,” “convenience fees”…

LONDON (Reuters) – Global investors continued to pour money into cash funds in the week to Wednesday, as higher yields on short-dated debt put cash funds…

President Joe Biden on Monday added to expectations that a deal is close that would result in the release of some hostages in Gaza, as he…

The World Bank has approved a $150 million aid package to strengthen Sri Lanka’s financial sector, following a severe economic crisis that began in 2022. The…

Federal Reserve Chairman Jerome Powell, in his speech at an IMF event on Thursday, hinted at possible policy tightening via an interest-rate hike due to persistent…

It has been a while since a hot inflation report sparked wild gyrations in U.S. stocks, like it frequently did in 2022, but that doesn’t mean…

(Reuters) – Meta Platforms (NASDAQ:) struck a deal with Tencent Holdings (OTC:) to sell a new, low-cost virtual-reality (VR) headset in China in a return to…

What if the Fed were doing exactly the wrong thing? What if, by raising short-term interest rates, it was actually adding to inflation instead of cutting…