• September 5, 2024

Deutsche Bank CEO urges Germans to work harder to pull the country out of its economic lull

What Germans really need to do is work harder, according to Deutsche Bank CEO Christian Sewing. “Let’s just go back to working as hard as the EU average,” he said at a Frankfurt conference on Wed...

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• September 5, 2024

Britain needs extra $1.3 trillion investment for economic growth, report says

LONDON (Reuters) - Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, a report said on Friday. New British Prime Minister Keir S...

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• September 5, 2024

Paulson Sees Fed Cutting Rates to as Low as 2.5% by End of 2025

(Bloomberg) -- Billionaire John Paulson said the Federal Reserve has waited too long to cut interest rates and expects the central bank to lower them in the months ahead. By the end of next year,...

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• September 5, 2024

Airlines and Other Oil Buyers Jump on Chance to Lock In Prices

(Bloomberg) -- Airlines and other oil consumers are taking advantage of crude’s slump to the lowest level in a year to buy some protection against a rebound in prices. They are piling in to optio...

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• September 5, 2024

Fed seeks feedback on emergency lending operations

By Pete Schroeder WASHINGTON (Reuters) - The Federal Reserve said on Thursday it was seeking feedback on how it operates its "discount window," which is intended to provide emergency lending to b...

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• September 5, 2024

Trump Vows 15% Corporate Tax and Taps Musk for Federal Audit

(Bloomberg) -- Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitched his a...

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• September 5, 2024

Yellen Says Labor Market ‘Healthy,’ Amid Unemployment Rise

(Bloomberg) -- Treasury Secretary Janet Yellen said the US job market remains healthy and touted “very solid” consumer and investment spending, even as recent data suggest some cooling is taking pla...

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• September 5, 2024

OPEC+ Pauses Oil Supply Hike in Effort to Reverse Price Slump

(Bloomberg) -- OPEC+ postponed its oil supply hike by two months, but the move wasn’t enough to roll back steep losses in crude prices amid fears about fragile demand. Key coalition members won’t...

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• September 5, 2024

Mexico Central Banker Heath Says Food Volatility Clouds Inflation Outlook

(Bloomberg) -- Mexican central bank Deputy Governor Jonathan Heath said it’s uncertain how soon food price pressures will cool and bring policymakers relief on non-core inflation as they mull new in...

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• September 5, 2024

Average long-term US mortgage rates holds at 6.35% this week ahead of expected Fed rate cut

The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal Reserve later this month. The rate remained at 6.35% from last week, ...

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