DoorDash says data shows Seattle pay rules have caused ‘unprecedented drop’ in business
New data from DoorDash shows a stark decline in delivery orders placed in Seattle after the city council's minimum payment...
Economy
Fed’s Harker says a ‘soft landing’ is in sight as inflation wanes
The president of the Philadelphia Federal Reserve said inflation is slowing toward low, pre-pandemic levels and that the central bank...
IMF chief Georgieva says focused on job at hand, not future role
By Andrea Shalal SAO PAULO (Reuters) -With just seven months to go in Kristalina Georgieva's five-year term as head of...
Mortgage demand nosedives as interest rates cross back over 7%
A key measure of home-purchase applications fell sharply last week as mortgage rates surged to the highest level in two...
Kugler wants to see further slowdown in inflation before Fed cuts interest rates
Federal Reserve Gov. Adriana Kugler said it would be “appropriate” to lower U.S. interest rates if inflation continues to slow,...
Australia home prices likely to rise 5.0% this year and next: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) - Property analysts continue to forecast a 5.0% rise in Australian home prices in 2024,...
Fed officials raised concerns about cutting rates too soon, minutes show
Federal Reserve officials raised concerns during their January policy-setting meeting about the risks of moving too quickly to cut interest...
Inflation is getting close to 2%, but Fed needs more proof it can stay there, Collins says
The chief of the Boston Federal Reserve said inflation has slowed faster than expected and that a reduction in interest...
NZ central bank holds rates, tones down hawkish stance
By Lucy Craymer WELLINGTON (Reuters) -New Zealand's central bank held the cash rate steady at 5.5% on Wednesday and trimmed...
Major US labor strikes hit 23-year high in 2023
If it seemed like labor unions carried out more strikes in the U.S. in 2023 than usual, it's because they...
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