US wages rose at a solid pace this summer, posing challenge for Fed's inflation fight
Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve’s fight against inflation
2023-10-31 21:54
A continuing decline in sales of COVID-19 products clips revenue at Pfizer
Pfizer lost more than $2 billion in the third quarter as an expected COVID-19 product sales decline clipped revenue
2023-10-31 21:47
Some Chinese institutions borrow at 50% rate as liquidity squeezed
SHANGHAI Overnight borrowing costs for some Chinese financial institutions jumped to as high as 50% on Tuesday, as
2023-10-31 21:23
Alexey Kuzmichev: Sanctioned Russian tycoon detained in France
Putin-ally Alexei Kuzmichev was held as French police carried out raids on his properties.
2023-10-31 20:17
India-led alliance set to fund solar projects in Africa in a boost to the energy transition
An alliance of nations that push for more solar power worldwide are set to announce nearly $35 million for projects such as mini grids and rooftop installations, mainly in Africa, according to the group’s director general
2023-10-31 19:49
Europe's inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished
The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold
2023-10-31 19:45
Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors
2023-10-31 19:17
Deep divisions ahead of crucial UN climate talks
COP28 President Sultan Al Jaber has acknowledged the challenges he faces.
2023-10-31 18:52
Biden administration takes on JetBlue as its fight against industry consolidation goes to court
The Biden administration and JetBlue Airways are facing off in court over the Biden administration's effort to stop JetBlue from buying Spirit Airlines
2023-10-31 18:50
Stock market today: World shares mixed, oil prices gain ahead of Fed decision on rates
World shares are mixed and oil prices have gained as investors await a decision by the U.S. Federal Reserve on interest rates
2023-10-31 17:55
What China wants from Israel-Hamas war
Its top diplomat has been in Washington for talks but there are limits to what it can achieve.
2023-10-31 17:29
New Biden target in junk fee crackdown: retirement advisers
By Jarrett Renshaw The Biden administration on Tuesday will seek to impose new rules on retirement plan providers
2023-10-31 17:27