By Lewis Krauskopf (Reuters) – With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft land[...]
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August 26, 2024
Chip stocks slip, keeping European shares muted ahead of data-heavy week
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked[...]
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With Fed’s shift to job market risks done, policy now has to catch up
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) -In 2022, when the Federal Reserve’s focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy cau[...]
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Pay gap between bosses and ordinary workers widens in Switzerland
ZURICH (Reuters) -The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on average 143 times more than their lowest-paid employees, according t[...]
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US business spending on equipment shows signs of cooling in July
By Lucia Mutikani WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in bu[...]
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US firms’ ‘low firing’ approach may turn to more layoffs, Fed’s Barkin tells BBG
By Howard Schneider WASHINGTON (Reuters) – The “low-hiring, low-firing” approach that U.S. businesses currently take to their employment decisions is unlikely to last, Richmond Feder[...]
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Nigerian economy grows over 3% in Q2 as oil output rises
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economy grew 3.19% in the second quarter of 2024 compared with the same quarter last year, lifted by higher crude oil production and the performanc[...]
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Australian homeowners struggling to afford insurance as climate risks grow, report says
SYDNEY (Reuters) – Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dol[...]
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Bank of Israel to keep rates on hold in contrast to expected Fed, ECB cuts : Reuters poll
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel (BoI) will keep short-term interest rates unchanged for a fifth straight meeting on Wednesday, with economists uncertain over the timing[...]
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