Steve Scalise nominated for speaker by House Republicans
House Republicans on Wednesday nominated Majority Leader Steve Scalise as their candidate for speaker, tapping a potent fundraiser and ally...
Economy
CIBC predicts US economic growth revision and additional Fed rate hike
Canadian Imperial Bank of Commerce (CIBC) has predicted an upward revision in US economic growth and an additional Federal Reserve...
Fed’s Collins says rise in bond yields could reduce the need for further interest-rate hikes
The recent rise in long-term bond yields could obviate the need for further interest-rate hikes, Boston Federal Reserve Bank President...
Yellen says Hamas attack on Israel met with ‘universal condemnation’ at global meetings
By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen on Friday told Reuters she heard...
U.S. wholesale inventories drop for sixth straight month in August
Wholesale inventories in the U.S. fell 0.1% in August, the Commerce Department said Tuesday. This is the sixth straight monthly...
Yellen says US-backed IMF funding increase is ‘pretty likely’
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that her...
Adjustable-rate mortgage demand increases to highest level since November 2022 as high U.S. rates hammer home buyers
The numbers: Home buyers are turning to adjustable-rate mortgages, or ARMs, as persistently high rates hurt their ability to buy...
Chinese embassy criticizes Costa Rica for 5G company restrictions
SAN JOSE (Reuters) - Costa Rican officials are undermining economic ties with China after authorities from the Central American country...
U.S. producer price inflation comes in a little hotter in September, highest annual rate in five months
The numbers: The U.S. producer price index rose 0.5% in September, the Labor Department said Tuesday, down slightly from an...
Singapore hopes for substantial IPEF progress by APEC
WASHINGTON (Reuters) - Singapore's deputy prime minister said on Friday he hopes for substantial progress in the U.S.-led Indo-Pacific Economic...
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