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Economy
Fed could use half-point rate rises if needed, says official
The Fed could supersize a rate increase to half a percentage point if inflation remains stubbornly high, a leading US central bank official said.Raphael Bostic, president of the Fed’s Atlanta branch, stuck to his call for three…
Semafor Readies Entry Into Tricky Digital News Market
News articles will be broken into sections distinguishing facts from opinion. Reporters’ bylines will be as prominent as headlines. And journalists will be permitted to offer their analysis on social media.Justin Smith and Ben Smith…
China slowdown highlights potential pitfalls of property reforms
In Yanjiao, a town about 40km east of downtown Beijing, David Wu has found a novel way to deal with the Rmb13,000 ($2,048)-a-month mortgage he can no longer afford.Instead of listing his three-bedroom apartment for rent or sale,…
Worker shortage should ease in 2022 as COVID wanes. But many people have permanently
Labor shortage: U.S. workers are looking for more incentivesThe U.S. is in the middle of one of the biggest labor shortages in history. Here’s what it's going to take to get more Americans back to work.Just the FAQs, USA TODAYSeveral…
US surpasses China as India’s biggest trading partner in FY22 at $119.42 bn – Times of
NEW DELHI: The US surpassed China to become India's top trading partner in 2021-22, reflecting strengthening economic ties between the two countries. According to the data of the commerce ministry, in 2021-22, the bilateral trade between…
Live news: Hewlett-Packard ‘substantially’ succeeds in UK High Court case against Mike
France’s economy ended 2021 on a high, outstripping expectations with growth of 0.7 per cent in the final three months of the year and helping the country to achieve its fastest expansion for 52 years.The national statistics office said…
Russia is ‘hemorrhaging’ millionaires
Almost three times as many Russian millionaires are expected to leave the country this year than in 2019, the year before the pandemic, according to a report by Henley & Partners, a company that helps wealthy clients move abroad. As…
Bank of Canada inflation mandate stays at 2 per cent, turns its eye to employment
The Bank of Canada's mandate is reviewed every five years (REUTERS/Blair Gable)The federal government is leaving the Bank of Canada’s inflation mandate at 2 per cent amid a rising cost of living and uncertainty of the new Omicron…
$80 oil fueled by Fed, OPEC’s puny production boost
Canary LLC CEO Dan Eberhart discusses why oil is heading for its biggest yearly gain since 2009. Oil appears to be on a steady climb and the fundamentals make sense. U.S. crude briefly touched the $80-per-barrel level Thursday,…
Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over
The recent tech rally may be doomed.Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it's a concept investors fail to grasp, particularly when it comes to growth, technology and…