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Business
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Economy
8/24/2023 10:07:09 PM
Stocks are slipping on Wall Street Thursday, despite a blowout profit report from one of its most influential companies, after a couple mixed reports on the U.S. economy.
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Business
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Economy
8/22/2023 12:39:03 PM
Asian stocks followed Wall Street higher on Tuesday as traders waited for signs of interest rate plans from this week's Federal Reserve conference.
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Business
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Economy
8/18/2023 12:56:21 PM
Asian markets mostly fell Friday on growing worries of another Federal Reserve interest rate hike and deepening concerns about China's economy, with the country's property crisis once again adding an extra layer of jeopardy.
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Business
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Economy
8/11/2023 2:41:05 PM
Stock markets dropped Friday after US and UK data pointed to the possibility of more interest-rate hikes this year from the Federal Reserve and Bank of England.
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Business
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Economy
8/5/2023 8:15:31 PM
A US central bank official said Saturday that more interest rate hikes "will likely be needed" to bring inflation down further, shortly after policymakers lifted rates to the highest level since 2001.
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Business
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Economy
8/2/2023 4:33:49 PM
Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.
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Business
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Economy
7/28/2023 2:35:00 PM
The yen fluctuated Friday after Japan's central bank tweaked its ultra-loose monetary policy, while stocks markets traded mixed after forecast-beating US data revived concerns the Federal Reserve could hike interest rates further.
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Business
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Economy
7/26/2023 9:17:41 PM
The US Federal Reserve raised its benchmark lending rate on Wednesday to its highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead.
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Business
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Economy
7/26/2023 1:34:22 PM
The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months.
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Business
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Economy
7/23/2023 10:58:17 AM
After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation.
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Business
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Economy
7/14/2023 1:01:01 PM
Asian traders on Friday welcomed more data showing falling US inflation, giving the Federal Reserve room to bring the curtain down on more than a year of interest rate hikes.
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Business
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Economy
7/13/2023 10:49:35 AM
US consumer inflation cooled in June to its lowest rate since early 2021, according to government data released Wednesday -- an encouraging sign for policymakers battling cost-of-living pressures.
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Business
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Economy
7/10/2023 9:48:17 PM
A senior Federal Reserve official has proposed raising capital requirements for large and mid-sized US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
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Business
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Economy
7/7/2023 2:24:59 PM
Asian shares slipped Friday after another decline on Wall Street, where hopes for an end to interest rate hikes were again shaken by strong jobs data.
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Business
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Economy
6/27/2023 5:11:10 PM
European Central Bank President Christine Lagarde warned Tuesday that inflation is holding its grip on the economy and underlined that the bank intends to raise rates high enough to “break this persistence."
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Business
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Economy
6/22/2023 5:32:25 PM
A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation.
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Business
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Markets & Companies
6/22/2023 4:08:36 PM
Wall Street followed global markets lower early Thursday as countries around the world cranked up interest rates one day after Federal Reserve Chair Jerome Powell told Congress he believes inflation still isn’t under control.
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Business
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Economy
6/21/2023 3:52:27 PM
Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be needed to tame high inflation, ahead of two days of testimony on Capitol Hill.
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Business
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Economy
6/14/2023 9:15:05 PM
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.
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Business
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Economy
6/14/2023 12:21:08 PM
Asian markets were mixed Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.
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