WASHINGTON (AP) — White House says deals struck to reduce cost of 10 drugs, saving taxpayers and Medicare recipients billions of dollars.
(Bloomberg) -- One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFrom Louisville, a Push to Plant Trees for Public HealthFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesCanadian Imperial Bank of Comm
Canada is among the richest countries in the world — but when compared to peer countries like Australia, New Zealand and the United Kingdom, it isn't as rich as it once was.
Recent market history shows the Federal Reserve typically only starts interest cuts with 50 basis point reductions when the economy is significantly weakening.
BEIJING (Reuters) -China's President Xi Jinping on Thursday urged authorities to strive to achieve the country's annual economic and social development goals, state media reported, amid expectations more steps are needed to bolster a flagging economic recovery. Speaking at a symposium in northwestern city of Lanzhou, Xi emphasized the need for all regions to "do a good job" in economic work towards the end of third quarter and the fourth quarter, state broadcaster CCTV reported. Faltering Chinese economic activity has prompted global brokerages to scale back their 2024 growth forecasts to below the official target of around 5%.
The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the presidential race.
FRANKFURT, Germany (AP) — With inflation subsiding, the European Central Bank cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers. The U.S. Federal Reserve likely won’t be far behind in joining the rate-cutting process.
We recently compiled a list of the 10 Best Fast-Growing Penny Stocks to Buy Now. In this article, we are going to take a look at where Immunitybio Inc. (NASDAQ:IBRX) stands against the fast-growing penny stocks. Rate Cuts Are Around the Corner September tends to be the worst month for the stock market, however 2024 might […]
Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates.
(Bloomberg) -- The International Monetary Fund moved its top negotiator with Argentina to the sidelines in talks with the South American after he drew the ire of President Javier Milei.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFrom Louisville, a Push to Plant Trees for Public HealthFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C Manda
U.S. consumer prices rose slightly in August, but underlying inflation showed some stickiness amid higher costs for housing and other services, further dashing hopes of a half-point interest rate cut from the Federal Reserve next week. The mixed inflation report from the Labor Department on Wednesday followed data last week showing the labor market still cooling in an orderly fashion in August, defying fears of a sharp deterioration, with the unemployment rate retreating from a near three-year high touched in July. Financial markets boosted the chances of a quarter-point rate cut next Wednesday and sharply lowered the probabilities of a 50 basis point reduction.
(Bloomberg) -- The European Central Bank lowered interest rates for the second time this year with inflation receding toward 2% and concerns about the economy building.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesFrom Louisville, a Push to Plant Trees for Public HealthThe key deposi
Workers will get improved redundancy terms and the offer of a skills package, say ministers.
WASHINGTON (AP) — Inflation in the United States may have hit a three-year low in August, underscoring that the rate of price increases is falling back to pre-pandemic levels and clearing the way for the Federal Reserve to start cutting its key interest rate next week.
(Bloomberg) -- A record nine candidates will contest Japan’s ruling Liberal Democratic Party’s leadership election on Sept. 27. The vote is all but assured to produce the country’s next prime minister, due to the party’s dominance in parliament. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through
Today's CPI data show inflation growth continued to ease in August. That could be good news for crypto, says Scott Garliss.
Staff in charge of drafting the City of Ottawa's next budget have given councillors only loose directions for filling a major transit shortfall — with a worst case scenario bringing the equivalent of a 9.9 per cent tax hike.Mayor Mark Sutcliffe delivered the news in a press conference Wednesday morning in an address that draws heavily on talking points from his ongoing "Fairness for Ottawa" campaign.Sutcliffe has been making the case since early August that Ottawa is being shortchanged by the Fe
The European Central Bank (ECB) has moved to cut borrowing costs again as the inflation threat continues to abate while economic growth falters. The main deposit facility rate was reduced - as it was in June - by 0.25 percentage points to 3.50%. The move was widely flagged and anticipated by financial markets though reaction in the money sphere was muted due to a lack of guidance from the ECB on its likely future path for rates.
The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting that layoffs remained low even as the labor market is slowing. Other data from the Labor Department on Thursday showed producer prices rising slightly more than expected in August amid a rebound in the cost of services. The combination of a fairly stable labor market and still-high inflation further diminished the chances of the Federal Reserve cutting interest rates by 50 basis points next Wednesday, when the U.S. central bank is expected to start its long-awaited easing cycle.
The Consumer Price Index report shows inflation slowed for a fifth consecutive month in August as gas, used car prices decline.
(Bloomberg) -- Argentine President Javier Milei’s veto of legislation that would have increased social security spending prevailed Wednesday after government lobbying efforts chipped away at the measure’s support.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesFrom Louisville, a Push t
