Economy

By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits dipped 8.6% in the third quarter of 2024 to $65.4 billion, after enjoying a one-time surge the prior quarter, the Federal…

WASHINGTON (Reuters) – The number of Americans filing new applications for jobless benefits unexpectedly rose last week and more people continued to collect unemployment checks at the end of November…

(Reuters) – Traders of interest-rate futures that settle to the Federal Reserve’s policy rate added to bets the central bank rate will cut borrowing costs next week and follow up…

Investing.com — In a Thursday note to clients, Bank of America strategists tackled pressing questions on U.S. debt, including those on deficit outlook, fiscal sustainability, interest costs, and market risks…

Investing.com – The European Central Bank cut interest rates at its meeting on Thursday, as widely expected, and signaled the likelihood of further easing in 2025 as the eurozone’s economy…

FRANKFURT, Dec 12 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to lower the three key ECB interest…

FRANKFURT (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing ahead as inflation closes…

(Reuters) – A crypto venture recently unveiled by U.S. President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and…

NEW DELHI (Reuters) – India’s industrial output rose 3.5% year-on-year in October, government data showed on Thursday. Economists polled by Reuters had expected a growth of 3.5%. Manufacturing output rose…

By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China pledged on Thursday to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic…