New York CNN — The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability. Investors and economists had widely anticipated the quarter-point increase despite the meltdown in the banking sector. Still, Federal Reserve ChairmanContinue Reading
A woman holding her daughter looks at a view of Seoul in 2019. The fertility rate in South Korea, which has the world’s lowest rate, hit 0.78 in February. Chung Sung-Jun/Getty Images hide caption toggle caption Chung Sung-Jun/Getty Images A woman holding her daughter looks at a view of SeoulContinue Reading
Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. Rate expectations have been on a rapidly swinging pendulum over the past two weeks, varying from a half-pointContinue Reading
SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade as investors look ahead to the release of China’s latest benchmark lending rate. In Japan, the Nikkei 225 fell 0.6% while the Topix index declined 0.69%. Over in South Korea, the Kospi gained 0.8% as shares of industry heavyweightContinue Reading
The head of the European Central Bank is doubling down on the message that it’s no time to raise interest rates By DAVID McHUGH AP Business Writer November 19, 2021, 2:08 PM • 3 min read Share to FacebookShare to TwitterEmail this article FRANKFURT, Germany — The head of theContinue Reading
Tourist sitting on a swing at a beach in Thailand. © Marco Bottigelli | Moment | Getty Images Come Monday, Thailand will be lifting quarantine restrictions for travelers from more than 40 countries who have been fully vaccinated — even though less than half its population has been completely inoculated.Continue Reading
The rate of growth for the U.S. economy slowed to its fastest pandemic-era pace in the third quarter, the Commerce Department reported Thursday. Gross domestic product, a sum of all the goods and services produced, grew at a 2.0% annualized pace in the third quarter, according to the department’s firstContinue Reading
Two fans of Manchester City soccer club stand out for wearing face masks during the Premier League match between Manchester City and Burnley on October 16, 2021. Robbie Jay Barratt – AMA | Getty Images Sport | Getty Images LONDON — When the Covid-19 pandemic swept the globe in 2020,Continue Reading
U.S. stock futures were higher Tuesday night after the Nasdaq plummeted in its worst day since March as a spike in bond yields sent stocks tumbling. Dow Jones Industrial Average futures rose 108 points. S&P 500 and Nasdaq 100 futures both traded in positive territory. Shares of the semiconductor companyContinue Reading
FRANKFURT, Germany — The European Central Bank raised interest rates Thursday for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the U.S. Federal Reserve and other major central banks to target stubbornly high inflation. The move raises new questions about whether the rushContinue Reading