(Reuters) – U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal Reserve to resume raising interest rates next month. The personal consumption…
WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Thursday that 57 firms have been certified to utilize its “FedNow” instant payments system after it launches in late July. The…
TORONTO (Reuters) – Canada’s annual inflation rate slowed to 3.4% in May on lower prices for gasoline as a result of the base-year effect, while mortgage interest costs remain high,…
NEW YORK (Reuters) – U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month…
TORONTO (Reuters) – Canada’s economy gained a net 41,400 jobs in April, entirely in part-time work and ahead of analyst forecasts, Statistics Canada data showed on Friday. The jobless rate…
By Huw Jones LONDON (Reuters) – An initiative to offer an instant payments service in Europe from the end of 2023 said on Tuesday it has acquired two payment firms…
BALTIMORE, MD – A woman who said she is a baker but wanted to remain anonymous has hit the jackpot on an instant lottery ticket. The Baltimore County woman has…
NEW YORK (Reuters) – Several Federal Reserve officials at the U.S. central bank’s policy meeting last month considered pausing interest rate increases until it was clear the failure of two…
TORONTO (Reuters) – Canada’s economy gained a net 34,700 jobs in March, both in full-time and part-time work and ahead of analyst forecasts, Statistics Canada data showed on Thursday. The…
NEW YORK (Reuters) – U.S. consumer spending rose moderately in February, likely payback after surging the prior month, and while inflation showed signs of cooling it remained elevated, which could…
TOMS RIVER, NJ – A $51,107 jackpot winning ticket was reportedly sold at the Silverton Pharmacy in Toms River this week. The New Jersey Lottery Commission said the lucky winning…
TORONTO (Reuters) – Canada’s annual inflation rate fell to 5.2% in February, largely on the base year effect, as higher mortgage interest offset lower energy prices, Statistics Canada said on…
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday reaffirmed his message of higher and potentially faster interest rate hikes, but emphasized that debate was still underway and…
BALTIMORE, MD – A Baltimore CPA in the middle of tax season says she plays lottery scratch-off tickets for fun. This week, her calculations paid off after she won $100,000…
NEW YORK (Reuters) – U.S. stocks rallied while the dollar and Treasury yields fall as Chair Jerome Powell said the jobs data on Friday showed why the central bank has…
NEW YORK (Reuters) – U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that…
NEW YORK (Reuters) – U.S. economic growth rebounded more than expected in the third quarter amid a continued decline in the trade deficit, but that overstates the economy’s health as…
TORONTO (Reuters) – The Bank of Canada announced a smaller-than-expected 50-basis point rate hike on Wednesday and said future increases would be influenced by its assessment of how tighter policy…
Fast-growing Pizza Franchise Gives an Extra Treat to Customers who Pick Up Their Orders Sacramento, CA (-) One of Pizza Guys‘ core values is prioritizing its customers. With a delivery…
NEW YORK (Reuters) – U.S consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that the Federal Reserve will deliver a…
NEW YORK (Reuters) – U.S. employers hired more workers than expected in September, while the unemployment rate dropped to 3.5% from 3.7% the previous month, pointing to a tight labor…
By Andrey Ostroukh and Elena Fabrichnaya MOSCOW (Reuters) – Russian bank Unistream, which specialises in money transfers, has seen a surge in remittances since Moscow began operations in Ukraine and…
NEW YORK – U.S. job growth increased more than expected in June and the unemployment rate remained near pre-pandemic lows, giving the Federal Reserve ammunition to deliver another 75-basis-point interest…
NEW YORK – A deteriorating inflation situation and concern about lost faith in the Federal Reserve’s power to make it better prompted U.S. central bank officials to rally around an…
NEW YORK – U.S. consumer prices surged in February, culminating in the largest annual increase in 40 years, and inflation is poised to accelerate further in the months ahead as…