Canada's economy unchanged in April, but likely surged 0.4% in May
OTTAWA (Reuters) -The Canadian economy was unchanged in April from March, missing forecasts, before likely rebounding with a 0.4% jump
2023-06-30 21:27
IRS throws a chill into collectives paying college athletes while claiming nonprofit status
The rapidly expanding landscape of nonprofit collectives paying college athletes to promote charities has been hit with a potentially seismic disruption
2023-06-30 21:24
The Fed's favorite inflation gauge shows prices rose just 0.1% last month
The Federal Reserve's preferred inflation gauge cooled off last month, and consumers reined in some spending as the economy slows, according to data released Friday by the Commerce Department.
2023-06-30 21:23
Swedish Landlord SBB Sells Some Properties to Reduce Debt
The face of Sweden’s property crisis has sold some properties to a municipality to strengthen its financial position.
2023-06-30 21:19
US Fed's favored inflation gauge declined sharply in May
The US inflation measure most closely watched by the Federal Reserve declined sharply in May, official figures showed Friday, returning to a downward trend after...
2023-06-30 21:17
IMF and Pakistan reach $3 billion deal
Pakistan could get temporary relief for its ballooning foreign debt with a new deal worth $3 billion, the IMF has...
2023-06-30 20:57
Futures extend gains after May inflation data
U.S. stock index futures extended gains on Friday after data showed a closely watched measure of inflation cooled
2023-06-30 20:54
An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years
An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs
2023-06-30 20:51
US consumer spending edges up in May; inflation still high
WASHINGTON U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal
2023-06-30 20:45
Car Prices Are Starting to Ease as Pandemic Supply-Chain Issues Fade
The US new-car market is returning to pre-pandemic norms as supply-chain issues resolve, forcing carmakers to ramp up
2023-06-30 20:27
California is about to give Hollywood studios a lucrative tax deal during the writers' strike
A bill at Gov. Gavin Newsom's desk makes California's film and TV tax credit refundable for cash. It also mandates productions to comply with new firearm safety protocols inspired by the 2021 "Rust" shooting and implements requirements for meeting diversity targets.
2023-06-30 20:22
Executives urge Europe to rethink its world-leading AI rules
More than 150 executives are urging the European Union to rethink the world’s most comprehensive rules for artificial intelligence
2023-06-30 20:16