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Economy
Wall Street gains as inflation data supports Fed bets
A trader watches his chart while working on the floor of the New York Stock Exchange July 8, 2014. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterInflation jumps to new 40-year highBig Tech extends…
Malaysia not ‘as concerned’ about capital outflows as Fed sets to taper, finance…
Malaysia is not "as concerned" about investors pulling out of the country in a big way when the U.S. Federal Reserve starts winding down its asset purchases, the Malaysian finance minister told CNBC on Monday.Tengku Zafrul Aziz, the…
Minimum wage is about to rise in 21 states, 35 localities as more embrace $15 an hour
Minimum wage: Why Biden wants to raise it and its effect on the economyPresident Biden is pushing to raise the minimum wage to $15. Here's how that would affect the economy.Just the FAQs, USA TODAYThis was the year that low-wage workers…
Fed signals trigger world stocks, bonds sell-off By Reuters
© Reuters. FILE PHOTO: Passersby wearing protective face masks are seen in front of an electronic board showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan November 1, 2021.…
‘There is no money left’: Covid crisis leaves Sri Lanka on brink of bankruptcy
Sri Lanka is facing a deepening financial and humanitarian crisis with fears it could go bankrupt in 2022 as inflation rises to record levels, food prices rocket and its coffers run dry.The meltdown faced by the government, led by the…
Crypto firm Celsius pauses all transfers, withdrawals as markets tumble
A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterJune 13 (Reuters) - Cryptocurrency lending firm Celsius…
China warns west against rapid interest rate rise
China has warned the US and Europe against a rapid rise in interest rates that would “slam on the brakes” of the global recovery from the pandemic.Central banks should maintain the monetary stimulus or risk “serious economic…
As the election draws closer, Scott Morrison is caught in a Covid dilemma of his own
There’s a simple reason Scott Morrison has refused to make rapid antigen tests free – and it has nothing to do with the budget or the economy. He just didn’t plan ahead.If he announced now that we could all have free test kits by…
Levin contrasts Trump, Biden policies on border, COVID, and economy: ‘There’s no
"Life, Liberty, & Levin" host Mark Levin took aim at the media's incompetence and its kid-glove treatment of the Biden presidency on his show Sunday, contrasting their slanted coverage of Biden's time in office to that of his…
The Fed, inflation and Spider-Man: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeWednesday, December 15, 2021‘Spider-Man’ and a high-class inflation problemDonning my…