San Francisco Federal Reserve Bank President Mary Daly on Friday said she feels there is "a lot of work left to do" on bringing inflation back down to the Fed's 2% goal, and that it is "
The Federal Reserve won't start cutting interest rates until May, traders of futures contracts that settle to the Fed's policy rate were betting on Friday, as the latest read on consumer
A look at the day ahead in U.S. and global markets from Mike Dolan A fresh burst of chipmaker excitement around artificial intelligence and some punchy U.S. jobs data have reinvigorated Wall St and
Global equity funds witnessed hefty outflows in the week up to Jan. 17 as investors trimmed positions after central bankers in the U.S. and Europe pushed back against market expectations
Big central banks are kicking off their first meetings of 2024 with the Bank of Japan and European Central Bank gathering in coming days, while in emerging markets Turkey takes
U.S. single-family homebuilding dropped sharply in December after a string of strong gains, but new construction remains underpinned by a shortage of previously owned houses for
A look at the day ahead in U.S. and global markets from Mike Dolan After a rough week of sticky inflation readouts abroad, doused interest rate hopes and scaled-back new year bets, world markets look
A large U.S. investment bank is considering building up a 10% stake in Italy's Banca Popolare di Sondrio, Il Sole 24 Ore newspaper reported on Thursday, without citing sources or
U.S. business inventories fell for a second straight month in November amid declines in retail and wholesale stocks, which could see inventory investment subtracting from
Production at U.S. factories barely rose in December as increases in motor vehicle output were partially blunted by declines in machinery as well as electrical equipment,
U.S. import prices were unexpectedly unchanged in December after two straight monthly decreases, but the trend in imported inflation remained subdued.
Federal Reserve Governor Christopher Waller on Tuesday said it would be "reasonable" for the U.S. central bank to start thinking about slowing the pace of reductions to the Fed's balance
Traders of futures that settle to the Federal Reserve's policy rate pared expectations for the U.S. central bank to start lowering short-term borrowing costs in March after Fed Governor
A look at the day ahead in U.S. and global markets from Mike Dolan A shortened U.S. markets week starts on the back foot as Friday's slightly peculiar interest rate cut ebullience cools a touch again
The United States and Britain launched strikes from the air and sea against Houthi military targets in Yemen in response to the movement's attacks on ships in the Red Sea, an escalation of
Britain, which has had the strongest inflation among the world's big rich economies for much of the past two years, could see its pace of price growth slow to below 2% before the
Global investors accumulated money market funds for a third straight week in the seven days to Jan. 10, while pulling back from equity funds, as they favoured safer bets ahead of key U.S.
A look at the day ahead in U.S. and global markets from Mike Dolan Much like the slightly peculiar debt market nonchalance after December's sticky inflation readout, world markets have remained calm
Traders on Friday priced in a bigger chance that the Federal Reserve will deliver more monetary policy easing this year after a U.S. government report pointed to less inflation in the
U.S. bank regulators' proposed new capital requirements for large banks, if finalized, would violate key federal laws and needlessly impose burdensome costs on 80% of assets in the
Global political and business leaders will meet in the Swiss resort of Davos next week against a complex geopolitical backdrop beset by war, tectonic shifts in monetary policy, climate
Brokerages have raised their year-end targets for U.S. stocks benchmark S&P 500, spurred by expectations of a "soft landing" for the economy and growing odds the Federal Reserve will cut
Goldman Sachs raised its 2024 U.S. GDP growth forecast to 2.3% from 2.1% expected earlier.
Global banks could boost their valuations by a combined $7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting
Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months as a surprise force in preventing consumer prices from falling even further: auto
Spotify down for over 40,000 users in the US, Downdetector says
‘This is not luck. This is a systemic approach’: These major US cities are trying to curb violent crime — and it’s working
Crew-9 astronauts head toward space station as SpaceX reports rocket anomaly
Israel used US-made bomb in attack on Hezbollah head, US senator says
US drops push for Haiti peacekeeping plan to appease China, Russia
Russian-held Zaporizhzhia nuclear plant says Ukraine again attacks substation
China to cut existing mortgage rates by end-Oct, cities ease home-buying curbs
Australia revises down commodity revenue forecasts as prices trend lower
'Megalopolis' flops, 'The Wild Robot' soars at box office
Filmmaker brings new life to silent films by adding a rock music soundtrack
Damian Lewis herds sheep over a London bridge as part of a quirky tradition