Economy

Economy News

U.S. online prices dropped, spending slowed in April – Adobe

By Howard Schneider (Reuters) – Online prices fell 0.5% in April and U.S. consumers pulled back on electronic commerce, possibly reflecting a change in consumer behavior and the Federal Reserve’s.

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Economy News

U.S. inflation simmers, worst of price gains likely behind

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer price growth slowed sharply in April as gasoline eased off record highs, suggesting inflation has probably peaked, though it is likely to.

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Economy News

Investors cut valuations of Latam startups -Creditas founder

By Tatiana Bautzer NEW YORK (Reuters) – Investors have been reducing valuations of Latin American startups during the global stock market rout and in an environment of higher interest rates,.

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Economy News

Bank of England interest rate could hit 4% or more, ex-policymakers warn

By David Milliken LONDON (Reuters) – The Bank of England will probably need to raise interest rates much more sharply than financial markets expect to get soaring inflation under control,.

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Business Economy News

As property market cools, New Zealand’s recent home buyers tighten belts

By Lucy Craymer WELLINGTON (Reuters) – When Aarti and Gaurav Kathuria were saving for their first home, a three-bedroom townhouse in Auckland, they cut back on eating out and other.

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Economy News

Fed Board to get its first Black woman governor

By David Morgan (Reuters) -Lisa Cook, an economics professor at Michigan State University known for her work on racial and gender inequality, on Tuesday won U.S. Senate confirmation to serve.

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Economy News

Analysis: UK consumer despair suggests government mishandling inflationary crunch

By Andy Bruce LONDON (Reuters) – The tide of pessimism sweeping through Britain’s households is unmatched elsewhere among Europe’s major economies and suggests the government may have misjudged its response.

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Economy News

ECB could outline rate hike plan for coming months in June – Müller

By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank should raise interest rates from record lows in July but could already outline its rate expectations for the coming months.

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Economy News

Analysis: Dollar’s surge spurs currency hedging by U.S. companies

By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. companies are ramping up efforts to protect their profits from a relentless rally in the dollar, as the greenback surges to.

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Cryptocurrency Economy News

Cryptoverse: Buying the dip? Bitcoin’s a rates rookie

By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop. The cryptocurrency has tanked.

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