Bloomberg Business

US Paychecks Are Outpacing Inflation

US workers are starting to see pay gains run faster than inflation, amplifying their purchasing power and giving the Federal Reserve reason to raise interest rates again next month.

Dimon Faces Two-Day Deposition in JPMorgan Epstein Suits

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon was instructed to set aside two days for a deposition in litigation accusing the bank of knowingly benefiting from Jeffrey Epstein’s sex-trafficking.

Nigeria’s Central Bank Fueling Inflation It Seeks to Curb

The Nigerian central bank’s continued financing of the government’s fiscal deficit is limiting the impact of its longest phase of monetary tightening since 2011 as rising money supply drives inflation to an almost 18-year high.

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