Government revision shows economy shrank 0.6% last quarter
WASHINGTON (AP) — The U.S. economy shrank at a 0.6% annual rate from April through June, the government said Thursday…
August 2022
Fewer Americans claim jobless benefits last week
NEW YORK (AP) — Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out…
S Korea signs $2.25 billion deal with Russia nuclear company
SEOUL, South Korea (AP) — South Korea has signed a 3 trillion won ($2.25 billion) contract with a Russian state-run…
Inflation’s harsh realities on display as Fed officials meet
JACKSON HOLE, Wyoming (AP) — A half-hour drive or so from the resort where the high priests of international finance…
Futures Rise As Investors Await Data, Jackson Hole
(Reuters) – U.S. stock index futures rose on Thursday, supported by megacap growth stocks as Treasury bond yields dipped, while…
Canadian Lender CIBC Posts Fall In Third-quarter Earnings
(Reuters) – Canadian Imperial Bank of Commerce on Thursday reported a fall in third-quarter earnings, as the lender set aside…
Fed’s Bostic Says He’s Split Between 50 Bps And 75 Bps Sept Rise – WSJ
(Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said he hasn’t decided if the Fed should increase interest…
UK energy bills are skyrocketing. Why is it happening?
LONDON (AP) — A cost-of-living crisis in Britain is about to get worse, with millions of people paying about 80%…
Stellantis Plant In Sochaux Halted Over Chip Shortage
PARIS (Reuters) – Car production at Stellantis’ Sochaux car plant in France will be suspended until Saturday, the company confirmed…
Asian stocks follow Wall St higher ahead of Fed chair speech
BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday ahead of a speech by the Federal Reserve…