Browsing: Economy

By Herbert Lash and Shreyashi Sanyal (Reuters) -U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the…

Fitch Ratings on Friday said a debt-ceiling deal that will avert a first-ever federal default doesn’t guarantee the U.S. government will keep its AAA credit rating.…

United Airlines pilots are set to vote on holding a strike as negotiations for better pay and working conditions have moved slowly. The pilots union voted…

By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials, whose hike, skip or pause messaging on interest rates has become a high-stakes word puzzle for investors,…

President Joe Biden on Friday hailed passage of a bipartisan deal to raise the U.S. debt limit and avoid a government default, addressing the nation from…

(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch) By Hannah Lang WASHINGTON (Reuters) -…

Artificial intelligence (AI) cost several thousand people their jobs in May, according to Challenger, Gray & Christmas.  In its monthly report released Thursday, the firm said…

By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has signed a deal to renew its currency swap line with China and double the amount it can access…

The numbers: The number of Americans who applied for unemployment benefits at the end of May edged up to a one-month high of 232,000, but there’s…

JPMorgan Chase COO Daniel Pinto on Friday offered his take on the economy and the direction of U.S. interest rates. Pinto described the economy – both…