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Economy

Economy

Oman’s Investment Authority acquires stake in Elon Musk’s XAI company, state news says

DUBAI (Reuters) – The Oman Investment Authority (OIA) has acquired a stake in the artificial intelligence company XAI owned by Elon Musk,…
Economy

Fed looks set to tweak reverse repo rate to speed exit of cash

By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve appears likely to take a step on Wednesday to nudge cash…
Economy

Powell has a long to-do list for his last full year as Fed chief

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will…
Economy

Spread holiday cheer with this year-end tipping guide

By Chris Taylor NEW YORK (Reuters) – ‘Tis the season for giving, and more Americans are planning to give year-end holiday tips. …
Economy

Trump bump? Fed officials prepare projections into new presidential term

By Ann Saphir WASHINGTON (Reuters) – Since Donald Trump’s election to a second term last month, Federal Reserve policymakers including Chair Jerome…
Economy

Israel budget passes but vote shows cracks in Netanyahu’s coalition

By Steven Scheer JERUSALEM (Reuters) – Israeli lawmakers narrowly approved the country’s 2025 state budget in an initial vote despite a rebellion…
Economy

Ukraine Assassinates Senior Russian General in Moscow

In a significant development in the ongoing conflict, Ukraine has confirmed the assassination of a high-ranking Russian military official in Moscow. Lt….
Economy

Analysis-2024 the ‘year of the bond’ as record inflows top $600 billion

By Harry Robertson LONDON (Reuters) – Investors have poured a record $600 billion into global bond funds this year, taking advantage of…
Economy

Lula slams interest rate levels as ‘the only thing wrong’ with Brazil

SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva slammed what he sees as the country’s excessively high interest rates,…
Economy

Moody’s lowers France’s credit rating to Aa3

Moody’s (NYSE:MCO) Investors Service has reduced France’s credit rating to Aa3 with a stable outlook from the previous Aa2 with a negative…
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