Browsing: Economy

Exxon Mobil Corp. XOM, -1.67% is reportedly nearing a deal to buy energy-exploration company Pioneer Natural Resources Co. PXD, +10.45% for $60 billion, a combination that…

Nicolas Vincent, the recently appointed external non-executive deputy governor of the Bank of Canada, issued a warning about an impending inflation ‘feedback loop’ during his initial…

Buyers of electric vehicles will soon be able to get a federal tax credit at the dealership rather than waiting for months. Under changes announced Friday…

Raphael Bostic, President of the Federal Reserve Bank of Atlanta, has indicated that he foresees a single quarter-point rate cut occurring late next year, in a…

The numbers: The amount of credit U.S. consumers used in August recorded the biggest decline since the early stages of the pandemic in 2020, likely because people…

By John Kruzel and Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday appeared skeptical of the payday lending industry’s challenge to the Consumer Financial…

MANCHESTER, England (Reuters) – British business and trade minister Kemi Badenoch said there was a “zero” chance of a free trade agreement (FTA) with the United…

Policymakers and economists look each month to the unemployment rate to get a sense of the health of the U.S. economy. But as part of its…

By David Stanway SINGAPORE (Reuters) – An alliance of nations said on Tuesday members would raise $12 billion to protect coral reefs from threats such as…

The numbers: The U.S. gained 336,000 new jobs in September — much bigger than Wall Street expected — in a sign businesses still have a strong…