By Priya Raman
Economist by training. Covers central banks, inflation, jobs data and the policy decisions that shape the cycle.
New Zealand card spending climbs 0.7% in October, led by fuel and vehicles
New Zealanders spent more on their cards again in October, with ANZ reporting a 0.7% seasonally adjusted rise from September. Fuel and motor
Japan's fastest wage growth since 1997 strengthens case for BOJ rate hike
Japan's real wages rose 2.2% in September, the fastest pace since 1997, as base pay climbed 3.7%. The data strengthens the case for another
EOG hits record output as oil prices lift profit, cash flow
EOG Resources turned higher oil prices into record production and a profit beat. The shale producer also raised its dividend and locked in a
Devon Energy beats Q3 profit estimates as oil prices and output climb
Devon Energy beat third-quarter profit estimates as oil prices stayed elevated and production jumped. The company's realized price after hed
October jobs report expected to show modest hiring rebound
Friday's jobs report is expected to show a modest hiring rebound, with payrolls up 65,000 and unemployment steady at 4.2%. Wage growth is se
US Productivity Surges 3.6% in Q3 as Labor Costs Fall, Easing Inflation Worries
US workers produced more per hour in Q3, and employers' labor costs per unit fell. Meanwhile, jobless claims dropped to a seven-month low, e
Bank of England raises rates for first time since 2023 as inflation looms
The Bank of England has raised interest rates for the first time since 2023, joining a global wave of central bank hikes. It warns that Brit
October job cuts fall while holiday hiring plans hit record
US employers announced fewer layoffs in October but lined up a record number of holiday hires, led by Amazon's plan to add 300,000 seasonal
Small business hiring struggles worsen in October, NFIB survey shows
A new NFIB survey shows small business owners had a harder time filling jobs in October, with 36% reporting unfilled openings. More owners a
Cleveland Fed's Hammack signals possible further rate hikes
Cleveland Fed President Beth Hammack said the Fed may need to raise rates again, even in smaller steps, as inflation stays too high and wide
Rio Tinto invests $144M to advance Arizona copper project
Rio Tinto has approved $144 million for feasibility work on its Resolution Copper project in Arizona. The miner says the project could event
Czech central bank resumes rate hikes, warns inflation could top 3%
The Czech National Bank raised its key interest rate by a quarter point to 4.00%, warning that strong domestic demand and energy costs could