Browsing: Economy

The Biden White House’s budget office is pushing for passage of a short-term funding measure to avoid a partial federal government shutdown on Oct. 1, when the…

(Reuters) – U.S. officials are exploring ways to allow a broader base of financial firms, including nonbank mortgage lenders, to borrow from Federal Home Loan Banks,…

The Chicago Business Barometer, also known as the Chicago PMI, registered 48.7 in August. That’s the highest reading in a year. Economists polled by the Wall…

By Stephen Culp NEW YORK (Reuters) – Wall Street lost earlier momentum and the dollar advanced on the last trading day of August, as closely-watched inflation…

The numbers: The cost of goods and services rose a mild 0.2% in July, but overall inflation crept higher and remained stuck above 3%. Economists polled…

By Wayne Cole SYDNEY (Reuters) – Australian business investment climbed to its highest since late 2015 in the June quarter as firms took advantage of tax…

The numbers: U.S. consumer spending jumped 0.8% in July to mark the biggest gain in six months, aided by the biggest-selling Amazon Prime Day ever. The…

By Leika Kihara and Takahiko Wada TOKYO/GIFU, Japan (Reuters) -Bank of Japan board member Toyoaki Nakamura said on Thursday it was premature to tighten monetary policy,…

Hurricane Idalia has moved back out over the Atlantic Ocean by now, but its path of destruction made for the costliest U.S. disaster so far this…

By Joe Cash BEIJING (Reuters) -China’s manufacturing activity contracted for a fifth straight month in August, an official survey showed on Thursday, maintaining pressure on officials…