Browsing: Economy

When merry revelers from around the world lift their beer steins to mark the start of Oktoberfest in the Bavarian capital Munich, they might want to…

By Noel Randewich and Ankika Biswas (Reuters) – U.S. stocks tumbled on Friday as chipmakers dropped on concerns about weak consumer demand, while rising Treasury yields…

President Joe Biden on Friday offered his support to the United Auto Workers, as he addressed their strike aimed at the Big Three automakers. Auto companies…

By Francesco Canepa SANTIAGO DE COMPOSTELA, Spain (Reuters) -The European Central Bank will keep interest rates high for an extended period and could even raise them…

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank raised its key interest rate by 100 basis points to 13% on Friday, jacking…

The numbers: Initial jobless benefit claims stayed in ultra-low territory in the latest week with the 4-week moving average of claims falling to lowest level since…

WASHINGTON (Reuters) – Volodymyr Zelenskiy will visit the U.S. Congress next week, according to media reports, after a U.S. official earlier said the Ukrainian president was…

For many consumers, the prices they pay at the grocery store or the mall are likely the most salient measure of inflation. But the prices retailers…

By Jan Strupczewski SANTIAGO DE COMPOSTELA, Spain (Reuters) -Euro zone finance ministers agreed on Friday that fiscal policy should be restrictive next year to help the…

The numbers: Sales at U.S. retailers rose 0.6% in August despite a hangover for internet stores after the Amazon Prime Day event, but most of the…