By Mark Miller (Reuters) – The next U.S. president and Congress will need to tackle the financial challenges facing Social Security if we are going to avert a sharp cut in benefits to the 68 million retired or disabled Americans who rely on the program. Social Security’s combined retirement and disability trust funds are on …
Column-How Trump or Harris would address Social Security’s problems Read More »
By Chris Taylor NEW YORK (Reuters) – Money and sex are obvious taboo topics in the American workplace. But here is one you might not have thought of: Grief. If you ever lost someone close to you – a partner, a parent, a child – and returned to the office, you know how awkward things …
Grief in the workplace: Four ways to help employees cope Read More »
LONDON (Reuters) – When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States. The size of a first move and the scale of overall easing remains open to debate, while a looming U.S. election is another complicating factor for …
By Shariq Khan NEW YORK (Reuters) – Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil markets so strongly that short positions on Brent crude overtook long positions for …
Investors turned more bearish on oil last week than ever Read More »
By Manya Saini and Nupur Anand (Reuters) -Wells Fargo’s latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ongoing major regulatory punishment that has limited growth at the bank, analysts said. Despite some progress fixing issues from a 2016 fake accounts scandal, the fresh compliance problems signal Wells Fargo’s cleanup …
Wells Fargo’s latest regulatory rebuke may prolong asset cap punishment, analysts say Read More »
By Nupur Anand NEW YORK (Reuters) – U.S. consumers’ late payments on credit cards and other loans are starting to level off in recent months after rising earlier in the year, bankers and industry analysts said this week. The trend contrasts with recent data showing a surge in credit card loans being written off across …
US consumer loan delinquencies starting to plateau, bankers say Read More »
By Bansari Mayur Kamdar (Reuters) – A tight U.S. presidential election race has unnerved investors in emerging markets, who fear a return of former President Donald Trump to the White House could hurt emerging markets just as they were poised to shine. The prospect of lower interest rates in the United States has brightened the …
Potential return of Trump fuels concern among emerging market investors Read More »
(Reuters) -U.S. household wealth rose last quarter to $163.8 trillion, a fresh record, driven by gains in real estate values as well as a rise in the stock market, data from the Federal Reserve showed on Thursday. The increase in the net worth of households and non-profits, which stood at $161 trillion at the end …
US household wealth rises in Q2 to record $163.8 trln Read More »
By Nell Mackenzie LONDON (Reuters) -Trend-following hedge funds took a hit from their bets on the New Zealand dollar and Japanese stocks and bonds in August, when global markets were rattled by extreme volatility, according to Societe Generale data seen by Reuters. These funds finished August with long positions in Japanese government debt, U.S. equities …
NZ dollar, Japan bonds zap trend hedge fund August returns, bank data shows Read More »
BERLIN (Reuters) – Germany saw a 10.7% increase in insolvencies in August compared to a year earlier, the federal statistics office reported on Wednesday, adding to data that show persistent difficulties for companies in Europe’s largest economy. The growth rate in insolvencies has been in double-digit territory since June 2023, with the exception of June …
Number of German insolvencies climbs further in August Read More »
