© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve may be wrestling with an inflation problem, but two former senior staffers at the U.S. central bank argue that continued higher prices in the future may be what…
2/2 © Reuters. FILE PHOTO: Sunlight reflects from the windows of condominiums in Toronto, Ontario, Canada December 20, 2019. REUTERS/Chris Helgren 2/2 By Nichola Saminather TORONTO (Reuters) – Condominium markets in some of Canada’s biggest cities have rebounded strongly this year, and agents and analysts say the market could once again return to pre-pandemic red-hot…
© Reuters. By Geoffrey Smith Investing.com — The Taliban has taken control of the Afghan capital Kabul amid a chaotic evacuation of remaining westerners. The Chinese economy is slowing down due to the clampdown on localized outbreaks of Covid-19 across the country. That’s also hitting oil prices. And U.S. stocks are set to open lower…
2/2 © Reuters. A general view of Beirut central district, Lebanon, August 22, 2019. REUTERS/Mohamed Azakir 2/2 By Laila Bassam and Nafisa Eltahir BEIRUT (Reuters) -Lebanon’s central bank governor said nobody was running the country, hitting back after government criticism of his decision to halt fuel subsidies that have drained currency reserves. In an interview…
2/2 © Reuters. A general view of Beirut central district, Lebanon, August 22, 2019. REUTERS/Mohamed Azakir 2/2 By Laila Bassam and Nafisa Eltahir BEIRUT (Reuters) -Lebanon’s central bank governor said nobody was running the country as he defended his decision to halt fuel subsidies that have drained currency reserves, saying the government could resolve the…
© Reuters. FILE PHOTO: Lebanon’s Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. REUTERS/Mohamed Azakir/File Photo BEIRUT (Reuters) – Lebanese central bank governor Riad Salameh maintained his innocence amid allegations of corruption, saying in a radio interview on Saturday that his conscience was clear.…
© Reuters. FILE PHOTO: The U.S. flag flies in front of the Capitol Dome at the U.S. Capitol in Washington, U.S., September 12, 2017. REUTERS/Joshua Roberts/File Photo By David Morgan and Susan Heavey WASHINGTON (Reuters) -Nine moderate Democrats in the U.S. House of Representatives threatened on Friday to withhold support for a $3.5 trillion budget…
© Reuters. FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this picture illustration taken June 7, 2021. REUTERS/Edgar Su/Illustration (Reuters) – Bitcoin surged 7.07% to $47,587.38 at 2200 GMT on Friday, adding $3,142.93 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71.6% from the year’s low of $27,734 on…
© Reuters. Junior Bankers’ Raises Widen Record Pay Gap Among College Grads (Bloomberg) — Much of Michael Lewis’s graphic description of life for junior bankers in the early 1980s still rings true today. Fresh college grads “gave themselves over entirely” to firms, working so many nights and weekends that one friend learned to nap on…
© Bloomberg. Lawrence Summers (Bloomberg) — Former Treasury Secretary Lawrence Summers criticized President Joe Biden’s efforts to lower the price of gasoline, saying it should be allowed to rise because fossil fuel consumption warms the planet. Summers said in an interview Friday on Bloomberg Television’s “Wall Street Week” that the Biden administration should instead adjust…
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