Japanese economic report cites need to closely monitor impact of natural disasters
The Japanese government highlighted the need to closely monitor the impact of recent natural disasters in a monthly…
Price hikes to likely weigh on Japan households from summer onward
Households will likely receive a further blow as companies reflect rising costs, stemming from high crude oil prices,…
Wall Street slips from its record following the latest weak update on the US economy
NEW YORK — The U.S. stock market edged back from its all-time high Friday following the latest report…
America In Focus: US inflation cooled in June, but AI build-out poses latest threat
The economy, inflation and how those forces could impact the lives of Americans were front and center over…
BOJ likely to raise growth forecast and stand pat, sources say
The Bank of Japan is likely to consider raising its economic growth forecast at its July meeting while…
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
WASHINGTON — American consumers — and the Federal Reserve — are being hit with another high-cost headache .…
Japan’s producer prices rise at fastest pace since early 2023
Japan’s corporate goods prices in June picked up at the fastest pace since early 2023, adding to evidence…
Yields hit three-decade highs as BOJ behind-the-curve narrative debated
Japanese yields are hitting multidecade highs, with the 10-year Japanese government bond climbing on Thursday to 2.9%, a…
States look to drop prescription costs by reining in middlemen
TOPEKA, Kan. (AP) — As consumers worry about medication costs, states are trying to lower drug prices by…
Cuban Parliament’s free-market measures mark historic economic reform
HAVANA (AP) — Observers on Friday called Cuba’s new free-market reforms the most sweeping economic overhaul of the…
Australian dollar dives to two-month low as interest rate fears grip markets
The Australian dollar has found itself under renewed pressure. Earlier, the local currency hit 70.18 US cents, the…
Average US long-term mortgage rate climbs to 6.53%, highest level in nine months
The average long-term U.S. mortgage rate rose again this week, reaching its highest level in nine months, another…