Wall Street has misgivings about Mamdani as mayor, but prepares for collaboration
Wall Street and the finance industry have broad misgivings about the prospect of frontrunner Zohran Mamdani becoming New York City’s…
ECB should keep “full optionality” at upcoming meetings: Villeroy
The European Central Bank must keep its options open for interest rate moves at upcoming meetings to react to risks,…
Euro zone inflation eases a touch in October but core steady
Euro zone inflation slowed a touch in October and continued to hover near the European Central Bank’s 2% target, confirming…
Strong Japanese industrial output and accelerating inflation raise chances of December rate hike
Tokyo CPI inflation beat expectations in October Tokyo CPI inflation increased 2.8% year-on-year in October (vs 2.5% in September, 2.4%…
Fed hawks blast rate cut, say US inflation is too high
Two regional Federal Reserve bank presidents on Friday aired their disagreement with the U.S. central bank’s decision to cut interest…
China’s manufacturing PMI shows steeper-than-expected downturn
Manufacturing PMI fell by more than expected China’s official manufacturing purchasing managers’ index slowed to 49.0, down from 49.8. This…
China non-manufacturing activity expands in September, PMI shows
China’s non-manufacturing activity returned to expansion in October, an official survey showed on Friday. The non-manufacturing purchasing managers’ index (PMI),…
Goldman Sachs CEO Solomon warns of a US ‘reckoning’ on government debt
Goldman Sachs GS CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a…
Trump’s war on ‘woke’ forces community lenders to cut services or close
A year ago, Karlene Sinclair-Robinson was writing loans and hosting education seminars for small businesses and entrepreneurs as finance director…
Fed’s Schmid: Inflation risks remain, economy still showing momentum
Kansas City Fed president Jeffrey Schmid said on Friday that he dissented against cutting interest rates this week out of…