Browsing: Economy

The numbers: Total U.S. household net worth rose $5.5 trillion to a record $154.28 trillion in the second quarter, the Federal Reserve said Friday. This is…

“‘This issue will destroy New York City … destroy New York City. We’re getting 10,000 migrants a month. Now again, people from all over the globe…

By Clare Jim HONG KONG (Reuters) – Asset managers are increasingly looking to dispose of their commercial buildings in Hong Kong as rising interest rates take…

Elon Musk foiled a Ukrainian submarine drone attack on a Russian naval fleet last year by turning off the SpaceX Starlink satellite internet network near the…

(Reuters) -Goldman Sachs on Tuesday lowered its probability that a U.S recession would start in the next 12 months to 15% from an earlier 20% forecast.…

A Federal Trade Commission administrative law judge ruled that Intuit, the maker of the widely used TurboTax filing software, engaged in deceptive advertising when it told…

By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday kept interest rates steady for a third month at the last meeting chaired by Governor Philip…

The numbers: Total consumer credit rose $10.4 billion in July, down from a revised $14 billion gain in the prior month, the Federal Reserve said Friday.…

By Trevor Hunnicutt and Jeff Mason PHILADELPHIA (Reuters) -U.S. President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labor…

(Reuters) – European Central Bank Chief Economist Philip Lane expressed cautious optimism that inflation was slowing in an interview with an Irish business publication, but said…