Browsing: Economy

(Reuters) – A deal reached to raise the U.S. federal government’s $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024,…

Hiring tapered off a bit in May and inflation increased at a slower pace, a Federal Reserve survey found, but the U.S. economy expanded again and…

Apple announced Wednesday that the App Store generated $1.1 trillion in developer billings and sales last year.  The tech giant said that the milestone builds on…

By David Lawder DETROIT (Reuters) – Trade ministers of 14 countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) talks “substantially completed” a deal to make supply…

A strong U.S. labor market appears to be fraying around the edges, but the economy is still creating lots of new jobs and that’s adding to…

Hiring by U.S. companies increased more than expected in May, pointing to a labor market that remains tight even in the face of higher interest rates,…

By Steve Holland, Gram Slattery and Katharine Jackson WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend…

Skipping a rate hike in June will put an end to the “frenetic” pace of interest-rate hikes seen over the past 14 months, Philadelphia Fed President…

PARIS (Reuters) – French Economy Minister Bruno Le Maire is in “very close discussions” with credit ratings agency Standard and Poor’s (NYSE:), which put France on…

The deal to raise the United States’ debt ceiling won’t make the problem go away. Partisan standoffs over the federal debt limit have become a predictable…