Browsing: Economy

By James Glynn SYDNEY–The Reserve Bank of Australia remains vigilant to the risk of a resurgence in inflation, warning in the minutes of its May 2…

(Reuters) – Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years while bank lending was little changed…

The crypto industry is assessing what to make of a potential crackdown by the U.S. Justice Department on crime on digital platforms. Eun Young Choi, the…

A record low number of Americans think now is a good time to buy a house, according to a new Gallup poll published Tuesday.  Just 21%…

Invesitng.com — Deposits at commercial U.S. banks dropped again in the week ended May. 5, and lending activity resumed its decline, stoking concerns about a pick-up…

“You hope it doesn’t happen, but hope is not a strategy – so you prepare for it,” Brian Moynihan, CEO of Bank of America, the nation’s…

Americans picked up their spending at retail stores in April as inflation showed welcome signs of slowing down.  Retail sales, a measure of how much consumers…

By Herbert Lash NEW YORK (Reuters) -The dollar rose on Friday but a gauge of global stocks retreated on a report that showed U.S. consumer sentiment…

U.S. senators and tech executives seemed open Tuesday to regulating the exploding field of artificial intelligence, but after Congress has failed to act when presented with…

Metropolitan areas in red states dominated in economic growth as the U.S. began its recovery from the pandemic, according to a fresh analysis. The nonpartisan think…