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.
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.
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.
Kim Kardashian’s private equity firm hired a half-dozen financial-industry professionals, including a new chief operating officer who previously worked at alternative investment giant Apollo Global Management Inc.
European Central Bank Chief Economist Philip Lane said another increase in interest rates is appropriate next month, with data due in the coming weeks to determine the size of the move.
French President Emmanuel Macron is looking to reverse a string of disappointing diplomatic forays by approaching China with a plan that he believes could potentially lead to talks between Russia and Ukraine.
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.
NATO wants to strike a deal with China over rules outlining the responsible use of artificial intelligence and other disruptive technologies in the military domain, the alliance’s chief Jens Stoltenberg said Tuesday.
The recent failures of Silicon Valley Bank and Signature Bank won’t prevent US regulators from bolstering a key measure of deposit insurance, according to the Federal Deposit Insurance Corp.
Bankers and traders arriving in the Chilean capital this week eager to hear what the top executive of Glencore Plc’s latest acquisition target has to say aren’t going to be getting the presentation they’d hoped.
Training materials for 2019 session said company ‘will not tolerate’ unionizing.