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Economic News
Strong German retail sales, falling unemployment raise recovery hopes
By Michael NienaberBERLIN (Reuters) - German retail sales rose much more than expected in August and unemployment fell further in…
U.S. consumer spending rises strongly; outlook uncertain as fiscal stimulus fades
By Lucia MutikaniWASHINGTON (Reuters) - U.S. consumer spending increased more than expected in July, boosting expectations for a sharp…
U.S. existing home sales shoot to near 14-year high in July
WASHINGTON (Reuters) - U.S. home sales rose at a record pace for a second straight month in July and home prices hit a record as…
California court ruling gives voters last word over Uber, Lyft worker rights
By Tina Bellon and Norma GeleanaLOS ANGELES/NEW YORK (Reuters) - A California appeals court ruling on Thursday avoided a shutdown of…
China’s Alibaba beats quarterly revenue, profit estimates
(Reuters) - China's Alibaba Group Holding Ltd (N:BABA) beat quarterly revenue and profit estimates on Thursday as its core commerce and…
UK household finances worsen in August over job worries
LONDON (Reuters) - The financial health of British households deteriorated in August at a faster pace than last month, in an unpromising…
U.S. consumer prices accelerate in July; inflation remains under control
By Lucia MutikaniWASHINGTON (Reuters) - U.S. consumer prices increased more than expected in July, with a measure of underlying…
Fed’s Daly says she worries pandemic will widen racial and gender inequalities
NEW YORK (Reuters) - San Francisco Federal Reserve President Mary Daly said she is worried the pandemic will widen gender and racial…
China will not accept U.S. ‘theft’ of TikTok: China Daily
SHANGHAI (Reuters) - China will not accept the "theft" of a Chinese technology company and is able to respond to Washington's move to push…
German business morale brightens further in July: Ifo
BERLIN (Reuters) - German business morale improved further in July after posting a record increase in June, a survey showed on Monday,…