News
US May budget deficit shrinks but customs collections turn negative due to tariff refunds
4+ hour, 36+ min ago (361+ words) WASHINGTON, June 10 (Reuters) " The U. S. budget deficit for May fell $23 billion or 7% to $293 billion due largely to prior-year calendar shifts in benefit payments as both outlays and receipts fell, with "the latter taking a big hit from refunds of President Donald…...
Japan wholesale inflation accelerates to fastest in 3 years as energy costs spike
19+ hour, 23+ min ago (453+ words) TOKYO, June 10 (Reuters) " Japan's wholesale inflation accelerated in May at the fastest pace in three years as price pressures from the Middle East war broadened, data showed on Wednesday, adding to the case for further interest "rate hikes by the…...
Mexico annual inflation returns to cenbank's target range in May, but concerns persist | WTAQ News Talk | 97. 5 FM " 1360 AM | Green Bay, WI
1+ day, 10+ hour ago (338+ words) MEXICO CITY, June 9 (Reuters) " Mexico's annual inflation rate decelerated for a second month in a row in May, official data showed on Tuesday, returning to the "higher end of the central bank's target range while "concerns about future trends and…...
South Korea Q1 GDP grows 1. 8% q/q, stronger than advance estimate
1+ day, 23+ hour ago (109+ words) WTAQ South Korea Q1 GDP grows 1. 8% q/q, stronger than advance estimate SEOUL, June 9 (Reuters) " South Korea's economy grew "in the first quarter at a stronger pace than previously "estimated in "April, revised "central bank data showed on Tuesday. Gross domestic…...
UK employers warns of slower growth, higher unemployment
1+ day, 23+ hour ago (243+ words) LONDON, June 9 (Reuters) " The Confederation of British Industry cut its forecast for the country's economic growth on Tuesday and predicted unemployment "would rise to its highest in more "than a decade as the Iran war pushes up energy prices and…...
Tech stocks dive as Fed bets rattle AI rally
2+ day, 15+ hour ago (720+ words) SINGAPORE, June 8 (Reuters) " Asian markets extended last week's bruising selloff with high-flying semiconductor stocks taking the heaviest beating and South Korea's KOSPI sinking more than 4. 5%. U. S. markets fell sharply on Friday when strong jobs data lifted the odds of a rate…...
US jobs report tilts hawkish as Warsh takes over at Fed
5+ day, 12+ hour ago (694+ words) WASHINGTON, June 5 (Reuters) " A blowout May jobs report is likely to further ease concerns among U. S. Federal Reserve officials about weakness in the labor market and focus attention on inflation risks, leaving incoming Chairman Kevin Warsh to manage growing support among…...
Fed's Daly says AI is not for now driving inflation up or down
6+ day, 4+ hour ago (130+ words) WTAQ Fed's Daly says AI is not for now driving inflation up or down June 4 (Reuters) " San Francisco Federal Reserve President Mary "Daly on Thursday said that while she believes AI over a five- to 10-year "window could "be a…...
How Indian markets could react to RBI's policy call
6+ day, 17+ hour ago (625+ words) By Jaspreet Kalra and Dharamraj Dhutia MUMBAI, June 4 (Reuters) " The Reserve Bank of India's rate decision on Friday is expected to be one of the closest policy calls in recent memory, with rising oil prices, a falling rupee and monsoon…...
Australia's lower house passes bill for biggest overhaul of taxes in decades
6+ day, 18+ hour ago (253+ words) SYDNEY, June 4 (Reuters) " Australia's lower house of parliament passed a bill on Thursday for the government's biggest overhaul of taxes in "decades, curbing tax breaks for property investors "to make housing more affordable and scrapping a capital gains discount. The…...