Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
The head of the European Central Bank says interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”
2023-09-25 22:45
US House to press forward with spending cuts despite shutdown risk
By Andy Sullivan and David Morgan WASHINGTON (Reuters) -The Republican-controlled House of Representatives is due to try to advance steep
2023-09-25 22:28
Lagarde Repeats ECB Rates to Stay Restrictive as Long as Needed
European Central Bank President Christine Lagarde reiterated that borrowing costs will remain elevated for as long as needed
2023-09-25 21:58
Bernanke Review at BOE to Probe Use of Market Rates in Forecasts
Ben Bernanke’s review into the Bank of England’s forecasting process will look into whether the market path for
2023-09-25 21:58
Fed's Goolsbee: High inflation remains the "bigger risk" to the economy
By Howard Schneider WASHINGTON Inflation staying stuck above the Fed's 2% target remains a greater risk than tight
2023-09-25 21:58
Fed’s Goolsbee Says Soft Landing Possible, But Risks Remain
Federal Reserve Bank of Chicago President Austan Goolsbee said it’s possible for the US to avoid a recession
2023-09-25 21:45
What are legacy admissions — and do colleges need them?
Legacy college admission is an advantage given at birth, in which the children of a school's alumni receive special consideration in the college admissions rat race. But after the US Supreme Court overturned race-based admissions over the summer, attention toward this already criticized practice intensified.
2023-09-25 21:28
Walmart's head of fashion Denise Incandela talks about changing discounter's staid image in fashion
Walmart, the nation’s largest retailer, has been long known for its basic socks, T-shirts and pull-on pants
2023-09-25 21:18
Consumers are still spending on nice things, if they're on trend
American consumers aren't tired of shopping. They're shopping more prudently, with an eye on getting the best value, sure. But they're also rewarding the stores that are betting big on the right trends at the right time, for the right price.
2023-09-25 20:51
Goldman, HSBC join forces with other banks on client disclosures
By Sinead Cruise and Elizabeth Howcroft LONDON Goldman Sachs and HSBC are among a group of five banks
2023-09-25 20:28
Philippine Central Bank Signals Peso Intervention at 57 a Dollar
Philippine central bank Governor Eli Remolona signaled officials are intervening to defend the peso at the 57-per-dollar level
2023-09-25 19:59
The very rich are often bad investors. Here's why
It's pretty easy to squander vast sums of money. Just ask the descendants of the wealthiest Americans.
2023-09-25 19:57