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White House’s Deese, asked about UK economic plans, stresses ‘fiscal prudence’
By Andrea Shalal WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Tuesday he was not surprised by the negative reaction of financial markets to Britain's fiscal plans and tax cut...
Syndicated Content Sep 27, 2022
Asia markets spooked by recession risks, dollar climbs
By Wayne Cole SYDNEY (Reuters) - Asian share markets slid on Wednesday as surging borrowing costs fed fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving...
Syndicated Content Sep 27, 2022
Fast Company’s website shuts after Apple News feed hacked
(Reuters) - U.S. business and media publication Fast Company's Apple News account was hacked on Tuesday evening, the company said, prompting it to shut down the website. Apple Inc's Apple News, had al...
Syndicated Content Sep 27, 2022
White House’s Deese says strong dollar reflects strength of U.S. economy
WASHINGTON (Reuters) - Now more than ever, the strength of the U.S. dollar reflects the relative strength of the U.S. economy, White House economic adviser Brian Deese told reporters on Tuesday. "In a...
Syndicated Content Sep 27, 2022
Yellen says ‘monitoring’ UK developments after pound plummets – FT
(Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday the United States was monitoring developments in Britain after the government unveiled a fiscal programme that sent the pound to a reco...
Syndicated Content Sep 27, 2022
Apple drops iPhone production increase plans as demand falters – Bloomberg News
(Reuters) - Apple Inc is dropping plans to increase the production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday. Apple di...
Syndicated Content Sep 27, 2022
Sterling swallows bitter pill, dollar advances on hawkish Fed speak
By Rae Wee SINGAPORE (Reuters) - The pound languished near a record low on Wednesday on lingering concerns over Britain's radical tax cuts to spur growth, while the dollar edged up after Treasury yiel...
Syndicated Content Sep 27, 2022
Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown
By Casey Hall SHANGHAI (Reuters) - China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based founder of second-hand luxury goods marketplace ZZER, who is...
Syndicated Content Sep 27, 2022
Fed’s Daly: do not want to tip economy into downturn
(Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is "resolute" about bringing down high inflation but also wants to do so "as gently as pos...
Syndicated Content Sep 27, 2022
Oil prices mixed as Hurricane Ian output cuts support, dollar weighs
By Laila Kearney (Reuters) - Oil prices were mixed in early Asian trade on Wednesday as support from U.S. production cuts caused by Hurricane Ian contended with crude storage builds and a strong dolla...
Syndicated Content Sep 27, 2022
Peoria, IL, USA
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