Financial News

(Reuters) – Gen Z is struggling to save and meet its financial goals in a world gripped with decades-high inflation and challenging economic conditions, a Bank of America survey showed …

By Jane Lanhee Lee (Reuters) – Silicon Valley startup SiFive Inc on Tuesday launched three new products aimed at the automotive market, which is emerging as one of the hottest …

SAO PAULO (Reuters) – Services activity in Brazil rose 1.1% in July from June, the country’s statistics agency IBGE said on Tuesday, above the median 0.5% increase forecast in a …

WARSAW (Reuters) – Poland will raise the minimum wage twice next year and by more than previously planned, Prime Minister Mateusz Morawiecki said on Tuesday, as Poland’s ruling party prepares …

MADRID (Reuters) – Spanish billionaire and Zara founder Amancio Ortega is in talks to buy several warehouses in the United States rented by global firms such as Amazon and FedEx …

(Reuters) – The global economy could avert a recession as data points to a potential soft landing, J.P. Morgan analysts said, while adding that the Federal Reserve might have “over-reacted” …

By Deborah Mary Sophia and Mehr Bedi (Reuters) – Shares of Rent the Runway plunged more than 22% before the bell on Tuesday, as more Americans paused their subscription to …

FRANKFURT (Reuters) – Bayer’s supervisory board has initiated a search for a successor to Chief Executive Werner Baumann, who has said he would not seek a renewal of his contract …

(Reuters) – Thrive Capital said on Tuesday that Walt Disney Co’s former top boss, Robert Iger, will join the investment firm as a venture partner. Iger will advise on day-to-day …

ZURICH (Reuters) – Credit Suisse’s Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring and cost savings than other …

FRANKFURT (Reuters) – Volkswagen’s truck division Traton on Tuesday said some of its divisions were disposing assets in Russia, a move that will cause a 550 million euro ($560 million) …

By Jonathan Cable LONDON (Reuters) – The Bank of England looks set to hike borrowing costs by another 50 basis points next week, although it may opt for an even …

By William Schomberg and David Milliken LONDON (Reuters) -Britain’s jobless rate hit its lowest since 1974 but the drop was due mostly to a fall in the size of the …

By Huw Jones LONDON (Reuters) -The global Basel Committee of banking regulators will complete work on “robust” rules for how banks must set aside capital to cover cryptoassets on their …

By Andreas Rinke, Belén Carreño and Michel Rose PARIS/MADRID/BERLIN (Reuters) -French scepticism about a new gas pipeline across the Pyrenees highlights the competing visions for Europe’s future energy mix as …

(Reuters) -Peloton Interactive Inc co-founders John Foley and Hisao Kushi are stepping down from their executive roles, at a time the troubled exercise bike maker is undergoing massive changes to …

WASHINGTON (Reuters) – U.S. small-business confidence improved in August as worries about inflation subsided and demand for workers remained strong despite the uncertainty shrouding the economy, a survey showed on …

LONDON (Reuters) – Bank of America revised up its forecast for the peak in Bank of England interest rates to 4% on Tuesday from a previous estimate of 3.25%, saying …

A look at the day ahead in U.S. and global markets from Mike Dolan. If reining in inflation expectations is the U.S. Federal Reserve’s main task, it can count the …

ATHENS (Reuters) – JPMorgan upgraded Piraeus Bank to “overweight” and said it was positive on Greece’s four big banks in a research report published on Tuesday. Greek bank shares are …

(Reuters) – Analysts have cut their 12-month earnings forecasts for Asian companies over the past month, undermined by a dip in manufacturing activity and concerns over a drop in shipments, …

JOHANNESBURG (Reuters) – Africa is losing 5% to 15% of its per capita economic growth due the effects of climate change and is facing a gaping climate finance shortfall, according …

BERLIN (Reuters) -German investor sentiment fell further than expected in September as concerns over the country’s energy supply increasingly weigh on the outlook for Europe’s largest economy. The ZEW economic …

(Reuters) – Chinese regulators have told the country’s biggest banks and state-owned firms to start a round of checks on their financial exposure to Chinese conglomerate Fosun International Ltd, Bloomberg …

BERLIN (Reuters) – The prospect of energy shortages in winter has made the expectations of large parts of the German industry even more negative, said the ZEW economic research institute …