Browsing: Economy

SYDNEY — The Reserve Bank of Australia continues to warn that while inflation pressures have peaked, the risks that inflation remains higher for longer are significant…

U.S. job growth likely cooled markedly in April as rising interest rates and a slowing economy began to take a toll on hiring.  The U.S. Department…

By Daniel Wiessner (Reuters) – A union for U.S. federal government employees filed a lawsuit on Monday claiming a law setting a $31.4 trillion debt ceiling…

The fight against high U.S. inflation is far from over if a resilient labor market and rapid increase in worker pay is any indication. Senior Federal…

BMW has issued a “do not drive” warning to the owners of about 90,000 older models in the U.S. because of defective airbags that might explode…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese trade and Japanese household spending data are on…

This is reprinted by permission from .  High consumer prices are one thing. Inflation has taken its toll on most household finances. But add high interest…

U.S. job growth continued to chug along at a healthy clip in April, as the labor market remained surprisingly resilient even in the face of rising…

By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Treasury Secretary Janet Yellen said on Monday that a failure by Congress to raise the $31.4 trillion…

Gold prices settled higher on Monday, building on last week’s gains, as expectations that the Federal Reserve has finished hiking interest rates have added another tailwind…