The Federal Reserve has reduced its benchmark interest rate by 1% since September 2024, aiming to give the U.S. economy breathing room after earlier aggressive hikes.  Yet, the yield on…

Emboldened by the prospect of a friendlier Trump administration, Wall Street banks are ramping up efforts to overhaul US capital rules. In a Reuters report, industry executives reveal an ambitious…

A slim majority of economists surveyed by Reuters believe the US Federal Reserve will hold its key interest rates steady during its January 28-29 meeting and likely resume cuts in…

The US Supreme Court has upheld the law mandating China-based ByteDance to divest its ownership of TikTok by Sunday, or face an effective ban of the popular video-sharing app in…

Donald Trump, the US president-elect, announced on his social media platform, Truth Social, that he had a “very good” phone call with Chinese President Xi Jinping ahead of his return…