Former NBA star Gary Payton. Visual China Group via Getty Images It’s been a busy time for retired Hall of Fame point guard Gary Payton, who may be 53 but remains about as active as he was during his playing days. He took a job coaching a small school in his hometown of Oakland, Lincoln […]
Labourers rest in front of an advertisement of Reliance Industries Limited at a construction site in Mumbai, India, March 2, 2016. REUTERS/Shailesh Andrade Register now for FREE unlimited access to Reuters.com Register April 13 (Reuters) – India’s Reliance Industries (RELI.NS) is exploring a bid for drug retailer Walgreens Boots Alliance’s UK-based Boots business, Bloomberg News […]
Federal Reserve Governor Christopher Waller said the U.S. economy could handle aggressive policy tightening as he reiterated support for raising interest rates by a half point next month. “I prefer a front-loading approach. So a 50 basis-point hike in May would be consistent with that and possibly more in June and July.” Waller said in […]
Today’s inflation report would have done little to quell any inflation fears. On the contrary, inflation fears are now likely to pick up further following today’s report. Overall, the March inflation data continued to confirm one important feature of the current inflationary environment: broad-based price pressures. Indeed, inflation is now everywhere. Price rises are broad-based […]
It’s pretty well accepted that no one knows as much about the plumbing of the world’s financial system as Zoltan Pozsar, global head of short-term interest-rate strategy at Credit Suisse, who was the point person on market developments for senior U.S. officials during the 2008 global financial crisis and has mapped out the shadow banking […]
With no sign of an early end to the war in Ukraine, the risk is growing that the conflict will tip a fragile global economy into a slump. In its first seven weeks, the war has already triggered massive Ukrainian refugee flows, boosted inflation by driving up prices on food and oil, and dented prospects […]
PARIS, April 13 (Reuters) – Stellantis (STLA.MI) said on Wednesday it would sell its entire stake in an auto financing joint venture with Dongfeng to the Chinese car maker and consolidate its own financial services in China into a new structure it fully owns. “As we continue our push to drive profitable growth in China, […]
WILMINGTON, N.C. (WECT) – The N.C. Department of Revenue plans to apply the second phase to its Business Recovery Grant program. Phase 2′s changes to the program’s eligibility criteria will begin on Monday, May 2, allowing multiple other business to qualify for financial losses accrued during the pandemic. Around $203.5 million remained of the $500 […]
World Bank President David Malpass attends the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Yves Herman Register now for FREE unlimited access to Reuters.com Register April 12 (Reuters) – Countries around the world are working to diversify their supply chains and reduce their dependence on China, which is “probably good […]
Placeholder while article actions load Prices rose 8.5 percent in March compared with a year ago, the largest annual increase since December 1981, as Russia’s war in Ukraine sent energy prices soaring. The White House and Federal Reserve have launched several initiatives to try and corral inflation, but the spike in prices on gasoline, food, […]
