Browsing: Economy

LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than…

After hitting a six-month high in April, the U.S. international trade deficit narrowed 7.3% in May to $69 billion, the Commerce Department said Thursday.  The deficit…

By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and grew into a market estimated at…

U.S. inflation has been hotter-than-expected in the first half of the year and the Federal Reserve needs to push interest rates higher to cool it down,…

By Huw Jones LONDON (Reuters) -Global regulators on Wednesday proposed tougher rules for investment funds to increase their resilience to market shocks as they clamp down…

Few Wall Street strategists were looking for a robust rally to kick off 2023 after 2022 went into the books as an exceptionally brutal year. And…

By Tommy Wilkes LONDON (Reuters) -The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership requirements,…

The numbers: The number of Americans who applied for unemployment benefits last week rose to 248,000, putting them close to a two-year high. Most of the…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Wednesday it was the right move for…

A Republican Senate duo is trying to block President Joe Biden’s ambassador nominations, but new research suggests the concern with Biden’s ambassador appointments could run deeper…