Category: Economy

Speaking at a Fed conference on Friday, May 19th, Chair Jerome Powell stated that further rate hikes may not be needed. He also remarked, however, that any future decisions will … Read More

Retail giant Walmart Inc. (WMT) reported Thursday a profit for the first quarter of fiscal 2024 that declined 18.5 percent from last year, hurt by steep net losses on equity … Read More

Retail sales in the U.S. rebounded by less than expected in the month of April, according to a report released by the Commerce Department on Tuesday. The Commerce Department said … Read More

The Bank of England is set to raise the benchmark interest rate by 25 basis points on Thursday given the persistently high inflation and the tight labor market conditions. The … Read More

Save articles for later Add articles to your saved list and come back to them any time. It was largely good news for the aged care sector in Tuesday’s federal … Read More

Eurozone investor confidence weakened notably in May wiping out expectations for an economic revival after the war in Ukraine, although the currency bloc weathered the winter months, a closely watched … Read More

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose … Read More

Mothercare Plc (MTC.L), a British retailer focused on expectant mothers and children, said in a pre-close trading update on Thursday that it posted a decline in retail sales for financial … Read More

The Federal Reserve has aggressively raised interest rates since March last year to combat higher inflation. While the central bank has managed to tame inflation somehow, the rate hikes have … Read More

Save articles for later Add articles to your saved list and come back to them any time. This article originally appeared in Refinery29 Australia. Welcome to Money Diaries, where we … Read More