Browsing: Economy

By Lawrence Delevingne and Alun John (Reuters) -Global shares pulled back on the last trading day of the year but notched their biggest annual rise since…

The numbers: Initial jobless claims fell by 19,000 to 202,000 in the week ending Dec. 9, the U.S. Labor Department said Thursday.  That’s the lowest level since…

By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed modestly lower on Friday, the last trading day of 2023, capping a robust year-end rally as investors…

Mortgage rates fell below 7% for the first time since August, as the U.S. economy is showing signs of cooling off following the U.S. Federal Reserve…

BOGOTA (Reuters) – Colombia’s President Gustavo Petro on Friday proposed making changes to a tax reform that entered into effect this year that would lower taxes…

The numbers A survey of business conditions in the New York region sank to -14.5 in December and hit a four-month low, reflecting the ongoing weakness…

BOGOTA(Reuters) – Colombia’s minimum wage will increase by 12% in 2024, Labor Minister Gloria Ines Ramirez said on Friday, taking the figure to 1.3 million pesos…

The numbers: Industrial production rebounded in November and rose 0.2% after a major auto strike ended, but most other manufacturers saw little improvement. Economists surveyed by the…

By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any…

The numbers: The service side of the U.S. economy grew faster at the end of the year while manufacturers remained mired in a slump, a pair…