Uncertainty over Tuesday’s US presidential election has driven a nine-day decline in the Standard & Poor’s 500 index, the longest slide since 1980, while investors have sought safety in Treasurys. OPEC’s failure to agree on […]
The Federal Reserve says foreign central bank’s holdings of US bonds have reached the lowest level since May 2012. The Fed reports a $10.97 billion decline in custody holdings of US debt for foreign central […]
The US residential real estate market made a bigger comeback last month than experts had expected. Contract closings for existing homes increased 3.2% compared with August, and the average price gained 5.6% compared with September […]
Credit cards are the only form of in-person payments that US and Canadian consumers are using more frequently, an Accenture survey finds. The percentage of consumers paying by credit card on a weekly basis has […]
The Federal Reserve described the US economy’s outlook as “mostly positive” in its Beige Book, an anecdotal roundup of reports from its 12 districts. The economy is growing steadily and the labor market is tightening, […]
Banking business from London could shift to the US, rather than another European country, as part of the fallout from the UK’s vote to leave the EU, says John Nelson, chairman of Lloyd’s of London. […]
A decline of the Federal Reserve Bank of New York’s manufacturing survey this month has driven down the 10-year Treasury yield, making an interest-rate increase less likely this year. “A year out, yields will be […]
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