Earlier this month, the brokerage raised the odds of a U.S. recession from 15% after the unemployment rate jumped to a three-year high in July, sparking fears of a downturn."We have now shaved our pro ...

British-born Taylor is currently a professor at Columbia University in New York and alongside his academic career has worked as a senior advisor at Morgan Stanley, PIMCO and McKinsey.Taylor will start ...

JAKARTA (Reuters) - Indonesia's outgoing government submitted a 2025 budget plan to parliament on Friday targeting a narrower deficit than this year, which analysts said signalled Southeast Asia's lar ...

"You don't want to tighten any longer than you have to," Goolsbee told National Public Radio in an interview. "And the reason you'd want to tighten is if you're afraid the economy is overheating, and ...

WASHINGTON (Reuters) - Unemployment in Texas rose moderately in July, suggesting that Hurricane Beryl had a minor impact on the labor market and confirming the sharp slowdown in U.S. job growth last m ...

(Reuters) -The spate of regulatory investigations into wealth managers' cash sweep programs could hurt their credit ratings, Moody's (NYSE:MCO) Ratings warned on Thursday, underscoring the threat to t ...

BERLIN (Reuters) -Germany's coalition government reached a deal on Friday to narrow its 2025 budget deficit target from 17 billion euros ($19 billion) down to 12 billion euros, in a compromise aimed a ...