Browsing: Economy

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that the U.S. central bank is not thinking about lowering rates…

The numbers:  An ISM barometer of U.S. business conditions at service-oriented companies such as retailers and restaurants slowed in October to five-month low of 51.8%, suggesting the…

By Yasin Ebrahim Investing.com — The Federal Reserve kept rates steady on Wednesday as the central bank continued its cautious monetary policy approach, though stopped short…

The October employment report showed a “gradual lessening” of the job market that would be welcome by those who want the Federal Reserve to stop raising…

(Reuters) -Lloyds, Britain’s biggest mortgage lender, is exploring the sale of some assets from its pension provider Scottish Widows worth 6 billion pounds ($7.3 billion), Bloomberg…

The numbers: The U.S. added a modest 150,000 new jobs in October in a sign of a cooling demand for labor, as higher interest rates take…

By Karen Brettell (Reuters) – The U.S. Treasury Department on Wednesday said it will slow the pace of increases in its longer-dated debt auctions in the…

South Africa is set to receive a $1 billion Development Policy Loan (DPL) from the World Bank, aimed at reducing the country’s coal reliance and promoting…

“There will come a point where no job is needed – you can have a job if you want to for personal satisfaction, but the AI…

By Jonathan Stempel NEW YORK (Reuters) – The founder and two top executives at SafeMoon, whose namesake crypto token was once valued at more than $8…