Tag: economy
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Treasury yields rise ahead of key inflation data; markets resume trading after public holiday
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose over 3 basis points to 4.483%.
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Indonesia’s sold-out concerts, higher 6.6 sales amid market uncertainty: Is ‘lipstick effect’ at play?
An economist says there are signs of the “lipstick effect”, whereby consumers continue spending on small luxuries while forgoing bigger-ticket purchases like homes in challenging economic times.
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U.S., Iran agree on roadmap for final deal and plan to end military operations in Lebanon
The talks were the first round of negotiations under a memorandum of understanding signed last week, which extended a tenuous ceasefire by 60 days.
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Raising the minimum wage has been a big political winner. Now it’s running into resistance
Raising the minimum wage has been a progressive policy winner at the ballot box, but recent losses suggest an economic mood slowing its political momentum.
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‘Regime change but in a velvet glove’: How Kevin Warsh has set out to remake the Fed
The first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually everything done at the Fed.
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The budget airline model in the U.S. is running out of runway
Spirit’s bankruptcy as United and Delta fly high suggests there’s more to success in airline industry than low fares, and failure isn’t about jet fuel spikes.
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AI buildout gives tech investors new reasons to watch bond market
Tech giants are depleting cash reserves and raising debt in their ambitious data center buildouts, a dynamic that’s forcing investors to watch interest rates.
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Struggling to find a job? Try looking in Nevada
The sparsely populated state known for its world-class casinos and dry climate has been a hiring hot spot.
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Cuba approves economic reform package to boost investment
The Cuban parliament has approved 176 measures easing the economic model, boosting private sector involvement and opening the door to foreign investment.
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Trump claims Iran deal is ‘unconditional surrender,’ says his power has ‘no limits’: Axios
Trump said in an interview with Axios on Thursday evening stateside that he negotiated the deal to prevent the conflict from triggering a global depression.
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