Economy

U.S. existing home sales continued to slide in September as a combination of steep mortgage rates and a worsening supply...

Jobless claims fall to 9-month low of 198,000. Not many layoffs in U.S. economy.

The numbers: The number of Americans who applied for unemployment benefits last week fell to a nine-month low of 198,000,...

Singapore hopes for substantial IPEF progress by APEC

Marcos Jr. suspends Maharlika Investment Fund’s regulations for review

President Ferdinand Marcos Jr. has issued a directive to suspend the Implementing Rules and Regulations (IRR) of the Maharlika Investment...

Fed Chair Powell escorted out of room as climate protesters interrupt start of speech

Federal Reserve Chair Jerome Powell was briefly escorted out of a room in New York after climate protesters interrupted the...

U.S. leading economic indicators point lower for 18th straight month, but still no sign of recession

The numbers: The leading economic index sank 0.7% in September and was negative for the 18th month in a row —...

IMF closes Morocco meetings without consensus on funding terms, conflict language

Homebuyers turn to adjustable-rate mortgages amid soaring loan rates

In the face of surging mortgage rates and high house prices, homebuyers are increasingly turning to adjustable-rate mortgage (ARM) deals....

Fed’s Powell warns slower economic growth may be needed to cool high inflation

Federal Reserve Chair Jerome Powell on Thursday lauded recent declines in inflation but warned that consumer prices remain "too high"...

Israel could get $10 billion and Ukraine $60 billion under Biden request

President Joe Biden is expected to ask Congress to approve about $10 billion in military aid to Israel and some...

BOJ seen lifting inflation forecasts as pressure on policy grows

By Leika Kihara TOKYO (Reuters) - The Bank of Japan is expected to raise its inflation forecasts this month to...

Elon Musk says he’s worried about the ‘high interest rate environment we’re in’