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more ...Wall Street Week Ahead — US stock rally broadens as investors await Fed
New York — A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal…
more ...Wall St Week Ahead — US stock rally broadens as investors await Fed
New York — A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal…
more ...Algeria joins BRICS New Development Bank
Algiers — Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country’s finance ministry has announced. The decision was taken on Saturday and announced by NDB…
more ...High rents are forcing small businesses into tough choices
NEW YORK — While many costs have come down for small businesses, rents remain high and in some cases are still rising, forcing many owners into some uncomfortable decisions. “Every time…
more ...High rents are forcing small businesses in into tough choices
NEW YORK — While many costs have come down for small businesses, rents remain high and in some cases are still rising, forcing many owners into some uncomfortable decisions. “Every time…
more ...Lowest euro zone inflation in 3 years sets up ECB for cut
FRANKFURT/TALLINN — Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European Central Bank’s interest rates…
more ...US second quarter growth stronger than estimated, government says
Washington — The U.S. economy expanded more than initially estimated in the second quarter this year, the Department of Commerce said Thursday, on stronger consumer spending than originally anticipated. The world’s…
more ...US clean energy jobs growth rate double that of overall jobs, report says
Washington — Jobs in the U.S. clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the…
more ...Wall Street Week Ahead — ‘Super Bowl’ Nvidia earnings stand to test searing AI trade
New York — The rally in U.S. stocks faces an important test […] with earnings from chipmaking giant Nvidia NVDA.O, whose blistering run has powered markets throughout 2024. The S&P…
more ...Fed’s actions spoke louder than words in inflation fight, research shows
JACKSON HOLE, Wyoming — The Federal Reserve’s credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had to be earned…
more ...Canadian rail arbitration hearing ends without decision; strike looms
TORONTO — A workers’ union Friday threatened a strike at one of Canada’s two major freight railroads, only hours after the company’s trains restarted following a potentially devastating stoppage. A government-ordered…
more ...Indonesia destroys $1.3M of illegal imports, cracks down on underground economy
Jakarta, Indonesia — Cellphones, electric pots and pans, and car washing machines were among goods worth $1.3 million destroyed Monday by the Indonesian Trade Ministry in West Java. Alcoholic drinks with…
more ...Fed Chief: ‘The time has come’ to begin reducing interest rates
JACKSON HOLE, Wyoming — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair…
more ...New EU deforestation regulations a challenge for Namibian farmers
Windhoek, Namibia — Namibia’s minister of agriculture has urged farmers in the Southern African country to look at alternative markets for its charcoal and beef products since the European Union, one…
more ...Seoul authorities find toxic substances in Shein and Temu products
Seoul — Women’s accessories sold by some of the world’s most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said Wednesday. Chinese…
more ...Myanmar fighting blocks key trade route with China, impacting economy
Bangkok — Ethnic and resistance forces in Myanmar have completely blocked a key trade route to China, halting cross-border commerce and further damaging Myanmar’s already struggling economy. The Mandalay-Lashio-Muse Road is…
more ...Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Washington — Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation. Now, it’s the health of the job market that’s starting to draw their concern. With inflation…
more ...India port workers to go on strike to demand better wages, benefits
CHENNAI — A group of Indian port workers’ unions has called for a strike from Aug. 28 to demand immediate settlement of pay revisions and pension benefits, according to a note…
more ...Fed’s pandemic-era vow to prioritize employment may soon be tested
Washington — Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness,…
more ...Wall Street week ahead — ‘Soft landing’ hopes are back to lift US stocks after recession scare
NEW YORK — Hopes for an economic soft landing are once again powering U.S. stocks higher, as encouraging data relieve recession worries following a brutal sell-off earlier this month. The S&P…
more ...Harris rolls out populist proposals in first economic speech
Raleigh, North Carolina — Kamala Harris unveiled plans for a federal ban on food and grocery “price gouging,” a tax credit that would provide $6,000 per child to families for the…
more ...Harris to roll out populist proposals in first economic speech
WASHINGTON — Kamala Harris is set to unveil plans for a federal ban on food and grocery “price gouging” and assistance of up to $25,000 in down payment support for first-time…
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