Browsing: Economy

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that seeing a greater concentration among the largest banks would not be desirable and she believes…

The numbers: The number of Americans who applied for unemployment benefits before Memorial Day weekend totaled a low 229,000 after Massachusetts took dramatic steps to weed…

By Blake Brittain (Reuters) -The Biden administration’s U.S. solicitor general said Tuesday that the U.S. Supreme Court should not review a ruling won by Alphabet (NASDAQ:)’s…

The numbers: The trade deficit in goods shot up 17% in April to a six-month high of $96.8 billion, reflecting a rebound in imports and a broad…

By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials “generally agreed” last month that the need for further interest rate increases “had become less certain,” with…

The numbers: Orders for U.S. manufactured goods jumped 1.1% in April largely because of the military, but business investment also rose sharply in a positive sign for…

A tentative “agreement in principle” was reached Saturday night between Democrats and Republicans to raise the nation’s debt ceiling, averting a potential U.S. default. President Joe…

By Huw Jones LONDON (Reuters) -The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial products…

The numbers: The final reading of a consumer-sentiment survey in May rebounded slightly to 59.2, but Americans remained worried about the future of the economy, especially…

WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday its executive board completed the first reviews of Rwanda’s loan program under the Resilience and Sustainability…