BEIJING — U.S. Treasury Secretary Janet Yellen was scheduled to arrive in China on Thursday ahead of four full days of meetings with Chinese officials. It's her second trip to the country since the summer, as the U.S. and China seek to increase high-level communication in an otherwise tense relationship....
Half of adults globally are stressed about their finances, and inflation is a key reason
At least half of adults in a range of major economies report being stressed about their personal finances, and say inflation is one of the main reasons. A significant number also say they feel worse-off financially than their parents, and are pessimistic about their children's financial futures, the International Your...
Swiss banking giant UBS to launch share buyback of up to $2 billion
UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year. "As previously communicated, in 2024 we expect to repurchase up to USD 1bn of our shares, commencing after the completion of the...
Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity's Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act. "I'm not saying that they have to go back to zero, but they...