Why a 7% 10-year Treasury yield is still possible
A Ned Davis strategist thinks it’s too early for investors to embrace the idea that benchmark U.S. borrowing costs have...
Economy
Italy wants more public debt in domestic hands -economy minister
By Giuseppe Fonte ROME (Reuters) -Italy wants domestic investors to hold an increasing amount of the government's debt, Economy Minister...
McDonald’s, Chipotle to hike menu prices after California Gov. Newsom approves $20 fast food minimum wage
McDonald’s Big Macs and Chipotle’s burritos are about to get more expensive after the fast-food chains announced that they will...
Worker compensation posts big gain for ninth quarter in a row as unions flex muscles
The numbers: A measure of what it costs businesses to employ workers rose a sharp 1.1% in the third quarter,...
Fed’s Cautious Approach To Policy Adjustments Amid Inflation Concerns
The Federal Reserve's upcoming statement and Chairman Jerome Powell's conference are anticipated to shed light on the future direction of...
Chicago business activity index in contraction territory for 14th straight month in October
The Chicago Business Barometer, also known as the Chicago PMI, inched down to 44 in October from 44.1 in the...
Renault’s Ampere ambitions tested by choppy IPO, slow EV markets -sources
By Mathieu Rosemain, Silvia Aloisi and Pablo Mayo Cerqueiro PARIS/LONDON (Reuters) - Weaker electric vehicle (EV) demand, increased competition from...
What to expect from the Federal Reserve’s meeting this week
The Federal Reserve is widely expected to leave interest rates unchanged on Wednesday even as central bankers confront a surprisingly...
Consumer confidence falls to 5-month low on worries over inflation, rates and Mideast
The numbers: A survey of consumer confidence fell to a five-month low of 102.6 in October amid worries about inflation,...
ECB’s pause on rate hikes backed by governing council member
Francois Villeroy de Galhau, a member of the European Central Bank's (ECB) Governing Council, has expressed support for the recent...
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