Browsing: Economy

SYDNEY (Reuters) – The Australian federal government will have to spend about half its total budget on health, aged care, defence, disability support and debt repayments…

The numbers: Mortgage rates rose for the fourth week in a row to the highest level since 2000, as the economy continues to show strength. Rates…

By Lewis Jackson SYDNEY (Reuters) – Australia’s A$2.4 trillion ($1.54 trillion) pension sector grew its investments in local and foreign debt by more than A$20 billion…

Macy’s on Tuesday reported a difficult quarter, with comparable-store sales at owned stores sliding 8%, and its earnings per share when adjusted for a pension shift…

Investing.com — Stock futures inch into the green, hinting at an early rebound for equities following a losing week on Wall Street. Video conferencing group Zoom is…

“ CPI consistently understates inflation, leading to  erroneous  cost of living adjustments for benefits, pensions  and  financial-aid programs.   ” The most recent U.S. Consumer Price Index…

By Howard Schneider WASHINGTON (Reuters) – After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a reckoning at…

TOKYO (Reuters) – Japan’s Ministry of Finance will raise its assumed long-term interest rate to 1.5% for the fiscal 2024/25 year from a record-low 1.1% this…

SYDNEY — The Australian economy continues to cool quickly with Judo Bank’s purchasing managers index for August showing a marked decline. The Judo Bank Flash Australia…

By Lisa Baertlein and Marianna Parraga LOS ANGELES/HOUSTON (Reuters) – Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could…