Is inflation gobbling up your Thanksgiving plans?
By Lauren Young This was originally published in the Reuters On the Money newsletter, where we share U.S. personal-finance tips and insights every other week. Sign up here to receive it for…
Economy
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Scott Bessent’s rise through finance to the US Treasury
By Lawrence Delevingne (Reuters) – Investor Scott Bessent has spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, as well as…
Brazil freezes spending at $3.33 billion to comply with fiscal rules
BRASILIA (Reuters) – Brazil’s government tightened spending controls late on Friday, freezing expenditure at 19.3 billion reais ($3.33 billion) to comply with this year’s fiscal rules. The figure exceeds the…
What could Trump 2.0 mean for global trade?
Investing.com — A second Trump administration could bring significant shifts to global trade policy, signaling a return to the assertive and transactional approach seen during Donald Trump’s first term. According…
Trump taps Scott Bessent for Treasury, capping long drama over choice
By Steve Holland and Alexandra Ulmer (Reuters) -President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as U.S. Treasury secretary, ending days of twists that saw…
What would it take for the Fed to pause rate cuts?
Investing.com — A more cautious tone from the Federal Reserve officials on further rate cuts and the recent swath of upbeat economic data has many speculating whether the central bank…
Cyprus says Moody’s A3 upgrade vote of confidence in economy
NICOSIA (Reuters) – A two-notch upgrade of Cyprus’ debt by Moody’s (NYSE:MCO) is a vote of confidence in the island’s economy, the country’s president said on Saturday. Moody’s upgraded Cyprus’…
How will other countries respond to Trump’s tariffs?
Investing.com — The imposition of tariffs under a potential second Trump administration is expected to prompt a response from affected nations that mirrors the measured retaliation strategies observed during his…
US SEC obtained record financial remedies in fiscal 2024, agency says
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission obtained $8.2 billion in financial remedies, the highest amount in its history, in fiscal 2024, the agency said in a statement…
IMF approves third review of Sri Lanka’s $2.9 billion bailout
By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on Saturday but warned that the South Asian economy remains…