Browsing: Economy

By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against…

Treasury yields held mostly steady on Friday morning as investors assessed September inflation data that offered a mix of both good and bad news. What’s happening…

South Africa has embarked on a journey to transition from coal to cleaner energy sources, backed by a substantial $1 billion loan from the World Bank.…

The numbers: The cost of goods and services rose a higher-than-expected 0.4% in September, keeping the pressure on the Federal Reserve as it weighs whether to…

By Chris Prentice WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) levied $5 billion through enforcement actions and barred more than 100 individuals from…

The numbers: Consumer spending rose a a sharp 0.7% in September, underscoring the recent strength in the U.S. economy. Analysts polled by the Wall Street Journal…

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that $8.5 billion in COVID-era investments in community development financial institutions and minority-owned banking firms…

Investing.com — The Dow fell Wednesday, pressured by rising Treasury yields and Alphabet-led weakness in tech following disappointing quarterly results in its cloud business.   The…

Recession? Not in the U.S., says Treasury Secretary Janet Yellen. “You don’t really see any sign of recession here,” Yellen said at a Bloomberg event in…

Stanlib, in partnership with Standard Bank and Liberty, is launching an Energy Transition Fund to accelerate Africa’s shift towards renewable energy and clean technologies. The fund,…