Browsing: Economy

SHANGHAI (Reuters) – Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and the smartphone industry.…

Title 42 has come to an end. At 11:59 p.m. Eastern time Thursday, the pandemic-era immigration policy introduced by former President Donald Trump in March 2020…

By Ann Saphir PALO ALTO, Calif. (Reuters) -The Federal Reserve is getting interest rates closer to where they need to be to win the battle against…

Minneapolis Fed President Neel Kashkari said Thursday he is focused on the interplay between inflation, interest-rate policy and then what strains that mix will put on…

By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in…

The numbers: The U.S. federal budget surplus fell to $176 billion in April, down from a record $308 billion in the same month last year, the…

Before sealing a $340 million construction deal, one Florida developer and New York investor didn’t know they were making Palm Beach business history. “We didn’t know…

By Leika Kihara NIIGATA, Japan (Reuters) – Many central bank governors from the Group of Seven (G7) rich nations appeared to feel the impact of past…

The numbers: U.S. producer prices rose 0.2% in April, the Labor Department said Thursday. Economists polled by the Wall Street Journal had forecast the PPI would…

By Trevor Hunnicutt WASHINGTON (Reuters) -Leaders of the Group of Seven (G7) countries are set to discuss concern about China’s use of “economic coercion” in its…