Browsing: Economy

Rep. Jim Jordan ran into more trouble Wednesday in his bid to become the next speaker of the U.S. House of Representatives, with the number of…

The International Monetary Fund (IMF) has raised concerns over Nigeria’s increasing debt-to-GDP ratio, according to its recent report ‘Africa: Special Issue: In Pursuit of Stronger Growth…

The Bank of Canada’s series of interest rate hikes, initiated to combat inflation, may be reaching its end as recent data shows a drop in inflation…

With the release of the September CPI-W inflation number, the Social Security Administration announced that the COLA for 2024 will be 3.2% (see Figure 1). The…

NEW YORK (Reuters) – Hedge funds bought U.S. stocks in all sectors last week, but mainly in financials, Bank of America said in a report on…

With the advent of generative artificial intelligence, AI-industry leaders have been candidly expressing their concerns about the power of the machine learning systems they are unleashing.…

By Luc Cohen NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back…

The numbers: Construction of new U.S. homes rebounded 7% in September to an annual pace of 1.36 million units after a sharp 1.5% drop in the…

TORONTO (Reuters) -Canada’s annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada…

The U.S. government unveiled fresh sanctions on 10 Hamas members and associates in the wake of the group’s attack on Israel, including asset managers for the…