Browsing: Economy

By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will raise interest rates by 25 basis points on July 27, according to all economists in…

The numbers: Construction on new homes fell 8% in June, as U.S. homebuilders sharply slowed down starting on new single-family homes and focusing on finishing existing…

By Abhirup Roy SAN FRANCISCO (Reuters) – Tesla (NASDAQ:) Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and…

The pound fell back below $1.30, U.K. government bond yields dropped sharply and London’s equity futures jumped after data showed Britain’s inflation has dropped to its…

By David Brunnstrom WASHINGTON (Reuters) – China does not want a trade or tech war but will definitely respond if the United States imposes more curbs…

Ten- and 30-year Treasury yields ended at three-week lows on Wednesday, after cooler-than-forecast U.K. inflation bolstered the narrative that central banks will soon be done raising…

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares inched higher on Thursday as investors took stock of corporate earnings and looked ahead to central bank meetings…

The Biden administration unveiled new, tougher proposed guidelines for how it will police against monopoly power Monday, and top officials are now pushing back against criticisms…

SHANGHAI (Reuters) – China’s major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early Asian trades on Thursday, two…

Are companies really keeping workers who don’t have much work to do? One former small-business owner and Wall Street economist is deeply skeptical. “I do not…