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ECONOMICS

Japan Reverses Course, Increases Interest Rates for First Time in 17 Years

Unlike most major economies, Japan has spent much of the 21st century adhering to a doctrine of extremely low interest rates — so low that since 2016, they were actually
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Argentinian Austerity Measures Show Mixed Results as Inflation Remains High

Many Argentinians are struggling to make ends meet as the South American country's currency continues to lose value despite the spending reforms of newly elected libertarian President Javier Milei. Milei
China Sets Ambitious Growth Target of 5% in Desperate Bid to Salvage Economy
$3.8-Billion JetBlue-Spirit Merger Blocked Over Antitrust Concerns
Massive Data Breach Unveils Espionage, Cyber Vulnerabilities Within China’s Security Systems
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Chinese Companies Retreat From IPO Plans Amid Increased Regulatory Scrutiny, Economic Uncertainty
Where Do Unemployed Chinese Go? The Answer Is in the Library
Deeper Into Deflation: China’s January Economic Data Shows Worsening ‘Balance Sheet Recession’
Brazil’s Bolsonaro Maintains Silence Following Lula’s Election Victory
SAO PAULO/BRASILIA — President Jair Bolsonaro had yet to concede defeat in Brazil's presidential election...
Trade Deficit for US Goods Widens as Home Sales and Imports Dwindle
WASHINGTON (Reuters) — The U.S. trade deficit in goods widened sharply in September, likely as a strong...
Nasdaq Wanes Amid Weak Big Tech Earnings
(Reuters) — The Nasdaq index fell on Wednesday, Oct. 26 as disappointing results and warnings from Microsoft...
US Consumers Confidence Ebbs as Housing Prices Slow
WASHINGTON (Reuters) — U.S. consumer confidence ebbed in October after two straight monthly increases...
US Fiscal Budget Deficit Halves to $1.375 Trillion Despite Student Loan Costs
WASHINGTON (Reuters) — The U.S. government revealed on Friday, Oct. 21 that its fiscal 2022 budget deficit...
Oil Prices Fluctuate Amid Recession Concerns and Unstable Chinese Demand
NEW YORK (Reuters) — Oil prices toggled between negative and positive territory on Friday, Oct. 21 as...
Britons Turn to ‘Warm Banks’ Amid Political Turmoil and Worsening Inflation
LONDON (Reuters) — As winter approaches and temperatures dip, charities and local authorities across...
Social Security Payments Get Biggest Hike in 40 Years, But Inflation-hit Taxpayers Will Feel the Squeeze
Social security benefits are set to rise by 8.7 percent in 2023 to help retired workers offset heavy...
British PM Truss Vows to ‘Carry On’ Amid Dwindling Support
LONDON (Reuters) — British Prime Minister Liz Truss warned of tough times ahead after she scrapped her...