Market Chatter: Documents Reveal Canada Federal Govt's Efforts to Get Loblaw, Walmart On Board With Grocery Code
Market Chatter: Documents Reveal Canada Federal Govt's Efforts to Get Loblaw, Walmart On Board With Grocery Code
Did lawmakers really pilfer Social Security's piggy bank? Here's the truth.
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern expressed by both Fed policymakers and some economists is that higher borrowing costs aren't having as much of an impact as economics textbooks would suggest. Americans as a whole, for example, aren't spending much more of their incomes on interest payments than they were a few years ago, according to government data, despite the Fed's sharp rate increases.
China may be outspending the US when it comes to industrial policy in sectors like electric vehicles and semiconductors, but America is winning on innovation where it can’t on price, according to one China expert.
A sweeping White House move on China tariffs that is expected to be unveiled early next week "reflects lessons learned," according to a former official who was involved in the process.
If financial markets are right, interest rates won't just stay high this year, but possibly forever. Yet making the right call on where rates settle is a huge challenge for policymakers and investors -- many economists reckon R-star is lower than before the great financial crisis, but disagree on how to calculate it, its current level and whether it is rising. BNY Mellon Investment Management's chief economist, Shamik Dhar, who reckons R-star has risen is "nervous that hasn't been fully priced into equity and property markets."
“I don’t have a financial adviser because no one‘s going to take $25,000.”
"The FTC should side with consumers and pump the breaks on this deal," Schumer said in a post on social media platform X, adding that the deal would give oil majors more leverage to raise gas prices. In October last year, Chevron agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil's massive Guyana discoveries. Schumer has previously also called for greater scrutiny of mega oil mergers as he along with 22 other Democratic senators wrote to the FTC in November last year, saying multi-billion dollar acquisitions by oil and gas giants Exxon and Chevron could lead to higher prices for consumers.
(Bloomberg) -- China will start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds this week, as officials ramp up efforts to support the world’s No. 2 economy.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeThe central govern
Uber Technologies and Lyft are set to face trial on Monday in a U.S. lawsuit by Massachusetts' attorney general alleging the ride-share companies misclassified their drivers as independent contractors rather than more costly employees. The non-jury trial in Boston comes amid broader legal and political battles in the Democratic-led state and elsewhere nationally over the status of drivers for app-based companies whose rise has fueled the U.S. gig worker economy. Massachusetts Attorney General Andrea Joy Campbell is asking a judge to conclude that drivers for Uber and Lyft are employees under state law and therefore entitled to benefits such as a minimum wage, overtime and earned sick time.
Russia has found vast oil and gas reserves in the Antarctic, much of it in areas claimed by the UK.