Analysis-UK’s Reeves bets big on tax-and-spend to reset economy
By Kate Holton LONDON (Reuters) – British finance minister Rachel Reeves’ first budget marks a huge gamble that she can quickly rebuild the country with the tens of billions of…
Investing
5425 posts
US 30-year mortgage rate surges to 6.73%, highest since July
(Reuters) – The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as…
Vatican tribunal defends conviction of senior cardinal for misappropriation of funds
By Joshua McElwee VATICAN CITY (Reuters) – A Vatican tribunal on Wednesday defended its 2023 decision to convict a senior Catholic cardinal of misappropriation of funds, saying the prelate was…
Private cash, levered by public money, must dominate EU investment, ministers say
By Jan Strupczewski BRUSSELS (Reuters) – Europe’s investment needs in the economy’s green and digital transition, defence and research should be financed by private money, with public cash serving only…
ECB does not need to stimulate economy, Schnabel says
FRANKFURT (Reuters) -European Central Bank board member Isabel Schnabel pushed back on Wednesday against calls for ultra-easy monetary policy, arguing that inflation was unlikely to ease below its 2% target…
US pending home sales jump the most in more than four years, NAR says
(Reuters) – Contracts to buy U.S. previously owned homes jumped by the most in more than four years in September on a mix of more attractive interest rates and improving…
US Treasury keeps auction sizes through January 2025, announces $125 billion refunding
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. Treasury Department said on Wednesday it does not anticipate increasing auction sizes for U.S. notes and bonds for “at least the…
Labour Party delivers UK budget; set to raise taxes by £40bn
Investing.com – The new Labour government delivered its first budget after 14 years in opposition, announcing the biggest tax hikes in three decades, alongside billions of pounds of extra borrowing…
Grief in the workplace: Four ways to help employees cope
By Chris Taylor NEW YORK (Reuters) – Money and sex are obvious taboo topics in the American workplace. But here is one you might not have thought of: Grief. If…
Canada faces worsening home ownership crisis with stalled condo sales
By Promit Mukherjee OTTAWA – Canada’s home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding…