Browsing: Economy

BEIJING (Reuters) – Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy development of…

President Joe Biden on Friday nominated Federal Reserve Governor Philip Jefferson to serve as the central bank’s vice chair, and economist and top World Bank official…

JPMorgan Chase CEO Jamie Dimon warned on Thursday of disastrous implications for the economy if Congress fails to raise the debt ceiling and the U.S. defaults…

Investing.com — U.S. Treasury Secretary Janet Yellen warns of a possible “constitutional crisis” hanging over the high-stakes debt-ceiling negotiations in Washington. Warren Buffett, meanwhile, draws down…

The numbers: Deposits at commercial U.S. banks declined in the week ended May 3, according to the Federal Reserve on Friday. Deposits fell to $17.15 trillion…

As analysts start to speculate about the Federal Reserve’s next rate move as a potential credit crunch looms over markets, one former Fed bank president advised…

By Wayne Cole SYDNEY (Reuters) -Australia’s Labor government boasted the first budget surplus in 15 years on Tuesday, as strong jobs growth and bumper mining profits…

Senate Majority Leader Chuck Schumer is directing his Democratic caucus to share “sobering” projections on a potential debt default with their constituents in a bid to…

By Ali Kucukgocmen ISTANBUL (Reuters) – Istanbul barber Hakim Ekinci, a long-time supporter of Tayyip Erdogan, won’t be voting for the president next Sunday, blaming his…

President Joe Biden has formally kicked off his re-election campaign, with the move coming even as most Americans don’t approve of his performance, while he talks…