WASHINGTON (Reuters) — U.S. consumer confidence slipped to a four-month low in November, with households less keen to spend on big-ticket items over the next six months amid high inflation and rising borrowing costs, heightening the risks of a recession next year.
(Reuters) — U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict Covid-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production.
SYDNEY (Reuters) — Stocks and oil slid sharply on Monday as rare protests in major Chinese cities against the country's strict zero-Covid curbs raised worries about management of the virus in the world's second-largest economy.
WASHINGTON/HOUSTON (Reuters) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.
WASHINGTON/LONDON (Reuters) — U.S. business activity contracted for a fifth straight month in November as higher interest rates slowed demand but the downturn in euro zone business activity ebbed slightly as the world braces for a recession-hit year ahead, surveys showed on Wednesday.
WASHINGTON, D.C. (Office of the American Samoa Congressional Delegate) — U.S. Congresswoman Uifa’atali Amata is emphasizing Small Business Saturday (Nov. 26) as part of National Entrepreneurship Month.
WASHINGTON/LOS ANGELES (Reuters) — Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel.
SHENZHEN (Reuters) — Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province.
BOSTON (Reuters) — For all the tumult and disruptions of the coronavirus pandemic, U.S. labor markets have come out on the other side not far from the strong conditions that prevailed before the crisis, a paper presented at a Boston Fed research conference said.
NEW YORK (Reuters) — Split control of the U.S. Congress following the midterm elections may provide a tailwind for stocks at the end of a bruising year, but inflation and the Federal Reserve are likely to remain the market’s main drivers, investors said.
WAI‘ANAE, Hawaii (BoH) — More than 450 students at Wai‘anae High School participated in a valuable financial literacy course on Tuesday, taught by 35 volunteers from Bank of Hawai‘i for SmartMoney Lesson Day. (https://f.io/odDEIwoW)
(NMC) — Shop local and shop small this holiday season! Individuals who are looking for gifts to buy for the upcoming holiday season are invited to visit the CNMI Small Business Development Center’s Small Business Night at Northern Marianas College on Thursday, Nov. 17, 2022 from 5 p.m. to 8 p.m.
SUBWAY has introduced “The Subway Series,” a completely new menu of 12 delicious sandwiches. The new sandwiches are carefully crafted to deliver maximum crave factor with a perfect combination of choice meats, cheeses, fresh, hand-sliced vegetables, freshly baked breads, and flavorful sauces.
NUSA DUA, Indonesia (Reuters) — U.S. Treasury Secretary Janet Yellen on Sunday said the Democrats' clinching of U.S. Senate control makes things easier for the Biden administration, but she would still like to see a debt ceiling increase approved before year-end in Congress's post-election "…
LONDON (Reuters) — Crypto exchange FTX filed for U.S. bankruptcy protection on Friday and its founder Sam Bankman-Fried resigned as chief executive, after the biggest blowup in the crypto industry drew calls for tighter regulation.
WASHINGTON (Reuters) — U.S consumer prices rose less than expected in October, pushing the annual increase below 8% for the first time in eight months, the strongest signs yet that inflation was starting to subside, which would allow the Federal Reserve to dial back its hefty interest rate hikes.
(Reuters) — Wall Street ended sharply lower on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that will provide clues about the severity of future interest rate hikes.
SINGAPORE/LONDON (Reuters) — Cryptocurrencies fell heavily on Tuesday and the in-house token of major crypto exchange FTX slumped by over 15% as investors appeared to take fright at talk of pressure on FTX's financials.
LONDON (Reuters) — European stocks struggled to make gains on Tuesday and the dollar picked up as traders pulled back on hopes that China could ease its zero-Covid policy and showed signs of caution ahead of U.S. mid-term elections.
NEW YORK (Reuters) — Elon Musk's revelation that Twitter has suffered a "massive" revenue drop since he took over 10 days ago underscores the precarious nature of the social media company's finances after he saddled it with $13 billion in debt, credit experts say.
BEIJING (Reuters) — China's exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as surging inflation and rising interest rates hammered global demand while new Covid-19 curbs at home disrupted output and consumption.
(Reuters) — Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday.
HONG KONG (Reuters) — Authorities in Macau said the world's biggest casino hub, blighted by a Covid-19 outbreak, is on track to return to relative normality after two rounds of mass Covid-19 tests last week found no new infections.
(Reuters) — Twitter on Saturday updated its app in Apple's App Store to begin charging $8 for sought-after blue check verification marks, in Elon Musk’s first major revision of the social media platform.
NEW YORK (Reuters) — Home Depot Inc retail workers voted against forming a union at a location in Pennsylvania, the U.S. National Labor Relations Board said late on Saturday.
(Reuters) — Warren Buffett's Berkshire Hathaway Inc on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate's businesses.
SYDNEY (Reuters) — Asian shares slipped on Thursday after the U.S. Federal Reserve shifted the outlook on tightening from short and sharp to long and high, putting to rest any thought of a near-term pause.
(Reuters) — Elon Musk promised advertisers he would keep Twitter from turning into a "free-for-all hellscape." This week, advertisers are beginning to demand details on how he plans to uphold the commitment.
(Reuters) — The Philippine central bank signaled on Thursday it planned a 75 basis point hike in its key interest rates later this month to match the latest monetary tightening by the U.S. Federal Reserve.
WASHINGTON (Reuters) — The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will require borrowing costs to rise further, yet signaled it may be nearing an inflection point in what has become the swiftest t…
WASHINGTON (Reuters) — The Federal Reserve is expected to raise interest rates by three-quarters of a percentage point for the fourth straight time on Wednesday, but open the door to a future slowdown in its policy tightening as it balances the risk of stubbornly high inflation against the e…
HONG KONG (Reuters) — Central banks will get inflation under control, but there will be turbulence in the near-term due to monetary tightening and geopolitical risks, top bankers said at a summit in Hong Kong on Wednesday.
WASHINGTON (Reuters) — U.S. private payrolls increased more than expected in October, offering more evidence of labor market resilience and suggesting that the Federal Reserve could continue to aggressively raise interest rates for a while.
(Reuters) — After months of tears and tantrums, bitcoin wants to split up with stock markets.
WASHINGTON (Reuters) — A planned $2.2 billion merger of Penguin Random House, the world's largest book publisher, and rival Simon & Schuster cannot go forward, a U.S. judge has ruled.
WASHINGTON (Reuters) — U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in October while a measure of prices paid by businesses for inputs slid for a seventh straight month, as the Federal Reserve's aggressive push to raise interest rates in order to quash inflation…
(Special Advertising Feature) — IHG Hotels & Resorts has officially opened its first Crowne Plaza Resort in Micronesia, Crowne Plaza Resort Saipan, marking the brand’s debut with a grand opening ceremony on Monday, October 31. More than 200 government and industry officials attended the …
SINGAPORE (Reuters) — Oil prices fell on Monday on concerns that widening Covid-19 curbs in China will curtail demand, offsetting signs that output at the top U.S. shale field is losing steam.
SINGAPORE (Reuters) — Asian stock markets climbed cautiously on Monday amid hopes that the Federal Reserve might sound less aggressive about rate hikes this week, while wheat prices leapt after Russia withdrew from a pact allowing Ukrainian grain to transit the Black Sea.
(Reuters) — Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world's most influential social media platforms.
(Reuters) — Goldman Sachs Group Inc's economists said the U.S. Federal Reserve could bump up interest rates to as high as 5% by March 2023, 25 basis points above its earlier predictions, Bloomberg News reported on Sunday.
(Reuters) — Dogecoin surged more than 70% on Saturday, extending this week's gains after Elon Musk sealed a $44-billion deal to take over Twitter last week.
NEW YORK (Reuters) — A bounce in U.S. stocks that has defied a barrage of major earnings disappointments faces a key test this week, when the Federal Reserve's next meeting could shed light on how long it will stick to the aggressive monetary policies that have crippled asset prices in 2022.
(Reuters) — Elon Musk became Twitter Inc's new owner on Thursday, firing top executives he had accused of misleading him and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform.
TOKYO (Reuters) — Oil prices rose on Thursday, extending a more than 3% rally in the previous session, boosted by record U.S. crude exports and a weaker U.S. dollar, though gains were capped in Asia due to lingering fears over slack demand in China.
(Reuters) — Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter.
(Reuters) — Apple Inc's earnings report on Thursday may show the best quarterly sales growth for iPhones this year but it could still foreshadow a difficult holiday period as China demand slows and inflation hits multi-decade highs.
SINGAPORE (Reuters) — Asian shares edged higher on Wednesday as investors clung to hopes that the pace of U.S. and global rate hikes will start to slow, though U.S. futures dropped after disappointing results from tech giants Alphabet and Microsoft.
(Reuters) — U.S. companies from tech giants Alphabet and Microsoft to GE and toymaker Mattel on Tuesday reported big slowdowns in growth or warned things were going to get worse, fanning recession fears and driving down stocks.