Tag: finance

Before Peet’s and Starbucks began massive expansions in the 1990s, diner-style restaurants such as Denny’s, IHOP, and Sambo’s were the go-to coffee shops for many consumers. Even this reporter conducted newspaper interviews at “coffee shops” before Peet’s and Starbucks were nationally popular. I …

Argentina Treasury sells dollars to limit peso decline on first day of new rules

Homebuyers have received some good news to start the new year, as mortgage rates have fallen from about 7.04% on Jan. 16, 2025, to about 6.15% on Jan. 2, 2026, according to Freddie Mac. House hunters might give it a little more time to see if the rate drops further before pulling the trigger on…

Argentina’s peso weakens on Friday as central bank adjusts currency band

Bank of Korea sold a net $1.745 billion for FX intervention in Q3

Nigeria’s central bank sees 2026 growth at 4.49%, inflation easing to 12.94%

Russia’s central bank eases reserve rules for banks to restructure company loans

Banks tap Fed liquidity tool amid year-end pressures

China’s finance ministry says fiscal policies will be more ’proactive’ in 2026

When the economy struggles, people move their spending focus to items they need rather than items they want. They may violate that idea with affordable indulgences like a Starbucks coffee, or maybe a favored snack treat, but overall, they get more careful with their spending. Americans are clearly …