Author: News Room
The major averages were all up for the holiday shortened trading week, with the S&P 500 closing at a new all-time high on Friday, beating its last record set in…
Americans picked up their spending in December during the pivotal holiday season even as they continued to confront high interest rates and steeper prices for everyday goods. Retail sales, a…
By Ann Saphir (Reuters) -Chicago Federal Reserve President Austan Goolsbee on Thursday called 2023 a “hall-of-fame” year for falling inflation, which has paved the way for a few U.S. interest…
Investing.com– Most Asian currencies kept to a flat-to-low range on Thursday, while uncertainty over the Federal Reserve’s plans for interest rate cuts in 2024 saw the dollar rebound to a…
(Reuters) – A Burmese entrepreneur who allegedly scammed fellow immigrants from Myanmar by selling them U.S. government oil and gas leases at inflated prices and failing to deliver on a…
© Reuters. ZURICH & BASEL – UBS Group AG (NYSE:) (SWX:UBSN) will propose Gail Kelly for election to its Board of Directors at the Annual General Meeting scheduled for April…
When interest rates rise rapidly, the U.S. has usually experienced rising layoffs and unemployment if not outright recession. Not this time. The economy, in turn, has kept expanding at a…
The numbers: Construction of new homes fell 4.3% in December, as home builders scaled back new projects. So-called housing starts fell to a 1.46 million annual pace from 1.53 million…
By Elena Vardon Budweiser maker Anheuser-Busch InBev has been named as a partner of the Olympic Games, with its zero-alcohol beer Corona Cero chosen as the sporting event’s global beer…
Distressed-debt giant Oaktree Capital sees big opportunities in credit unfolding over the next few years as a wall of debt comes due. Oaktree’s incoming co-chief executives Armen Panossian, head of…