Economic

The Jackson Hole Summit concluded, highlighting Fed Chair Powell’s speech on Friday, in which he explicitly laid out the path for a September rate cut. The cut would be the first policy change since July 2023, when the Fed raised rates by…

To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic”…

Most Asian stocks rose on Thursday amid growing optimism about lower U.S. interest rates, but overall gains were limited as a downward revision to payrolls data rattled markets. Japanese stocks posted their best performance on record on…

U.S. stock index futures rose in overnight trading on Thursday as Wall Street posted extended gains after strong retail sales and jobless claims data helped ease concerns about a slowing economy. Weak inflation data earlier in the week…

Most Asian currencies were little moved on Tuesday as the dollar held steady ahead of key inflation data due later in the day, while the Japanese yen weakened further ahead of more signals on the economy. Sentiment towards regional…

Oil prices fell in Asian trading on Tuesday, reversing last week's rally, as a series of economic signals this week raised caution, while OPEC also cut its forecast for demand growth in 2024. Prices rose sharply from their lowest levels in…

In a major policy shift, the UK government has cancelled £1.3bn in funding for research and development into artificial intelligence and technology, as part of wider efforts to stabilise the economy. The funding, initially promised…

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U.S. stocks fell on Monday, part of a global sell-off, as investors braced for days of volatility amid growing concerns about a slowing U.S. economy and excessive gains in the technology sector. The S&P 500 fell 3%, its biggest daily…

Written by Carolina Mandel NEW YORK (Reuters) - Global hedge funds continued to add bearish bets on stocks to their portfolios in the week to Aug. 1 as fresh data raised concerns that the U.S. economy is slowing faster than expected,…