Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
California regulator closes SVB, appoints FDIC as receiverSVB focused on lending to start-ups; branches to reopen MondayFDIC to sell bank...
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Strong US job growth persists; wage inflation shows signs of slowdown
Nonfarm payrolls increase by 311,000 in FebruaryUnemployment rate rises to 3.6% from 3.4%Average hourly earnings gain 0.2%; up 4.6% year-on-yearWASHINGTON,...
US job openings stay elevated as labor market remains tight
Job openings decrease 410,000 to 10.8 million in JanuaryFewer workers voluntarily quitting their jobsLayoffs up, and were higher than initially...
Fed’s Powell sets the table for higher and possibly faster rate hikes
WASHINGTON, March 7 (Reuters) - The Federal Reserve will likely need to raise interest rates more than expected in response...
US services sector grows steadily; prices stubbornly high
Services sector PMI dips to 55.1 in February from 55.2New orders index rises to highest level since late 2021Prices paid...
China’s reopening set to help EMFX get back on track: Reuters poll
JOHANNESBURG/BENGALURU, March 3 (Reuters) - China's reopening is set to boost emerging market currencies against the U.S. dollar over the...
Major central banks return to inflation fight in February
LONDON, March 2 (Reuters) - Major central banks resumed their quest to ramp up interest rates in February after a...
U.S. Congress votes to block ESG investing, Biden veto expected
WASHINGTON, March 1 (Reuters) - A Republican bill to prevent pension fund managers from basing investment decisions on factors like...
US consumer confidence retreats, house price inflation cools further
Consumer confidence index falls to 102.9 in FebruaryLabor market differential rises to 41.5 from 37Annual house price growth slows further...
U.S. consumer spending posts biggest gain in nearly two years; inflation picks up
Consumer spending increases 1.8% in JanuaryIncome climbs 0.6%; wages jump 0.9%Core PCE price index rises 0.6%; up 4.7% year-on-yearWASHINGTON, Feb...
