‘Rich people should not be collecting Social Security,’ Chris Christie says at GOP debate
““I don’t know if you’re watching, Warren. I don’t know if Warren Buffett has collected Social Security, but if he is, shame on you.” ”
National Australia Bank eyes business credit in soft home loan market
By Byron Kaye and Roushni Nair SYDNEY (Reuters) -National Australia Bank, the country’s top business lender, said profit outside of home loans grew in
White House’s Bernstein upbeat on economy despite Mideast war, shutdown threat
By Jeff Mason NEW YORK (Reuters) -U.S. Council of Economic Advisers Chair Jared Bernstein said on Wednesday he did not “thus far” see the
Goldman’s chief economist downplays recession fears from past Fed rate hikes
Economists worried about a recession next year often cite the lagged effect of the Federal Reserve’s 11 increases in interest rates over the past
US Senate votes to reject ‘Buy America’ EV charging waiver
By David Shepardson WASHINGTON (Reuters) – The U.S. Senate voted 50-48 to overturn President Joe Biden’s decision to waive some “Buy America” requirements for
Market-based inflation expectations jump, adding to list of upside risks
A market-based measure of future inflation expectations is back near the top of its 10-year range, raising the possibility of more upside risks to
Federal Reserve Bank of Atlanta leans towards cautious approach on interest-rate changes
Raphael Bostic, the President of the Atlanta Federal Reserve Bank, suggested a prudent approach to interest-rate alterations in the light of current economic shifts.
Citigroup considering at least 10% job cuts in major businesses – CNBC
(Reuters) -Citigroup’s managers and consultants working on CEO Jane Fraser’s reorganization have discussed job cuts of at least 10% in several major businesses, CNBC
Businesses take stock of the U.S. economy and see reason to be cautious
The level of inventories, or unsold goods, that U.S. wholesalers are keeping on hand fell in September to a 13-month low amid uncertainty about
State Bank of India revises strategy to boost current account deposits
The State Bank of India (SBI) is recalibrating its strategy to increase its current account deposits, in response to the Centre’s “just-in-time” (JIT) funding
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