Author: Press Room

© Reuters. By Liz Moyer Investing.com — Stocks were subdued on Monday, with the flat heading into the final minutes of trading as investors braced for a slew of inflation data coming this week. The latest report on the as well as one on are due mid-week, with investors already worried that last Friday’s for March would encourage the Federal Reserve to continue to raise interest rates. The economy created 236,000 jobs last month, just a tick below expectations for 239,000 but a sign of a still-tight labor market. Consumer prices are expected to show continued signs of slowing, though…

By Arathy Somasekhar and Stephanie Kelly HOUSTON/NEW YORK (Reuters) – Non-OPEC countries will account for a higher percentage of oil production gains this year and next, a reversal of the last two years, the U.S. Energy Information Administration predicted on Tuesday. Gains by the U.S., Brazil, Canada and Guyana will overshadow OPEC after Saudi Arabia and other Middle East producers this month disclosed plans to cut output by around 1.16 million barrels per day beginning next month. Total non-OPEC liquid fuels production is expected to grow by 1.9 million barrels per day (bpd) in 2023 and by 1 million bpd in…

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s new central bank governor Kazuo Ueda said it was appropriate to maintain the bank’s ultra-loose monetary policy for now as inflation has yet to hit 2% as a trend, suggesting he will be in no rush to dial back its massive stimulus. But Ueda said the Bank of Japan (BOJ) must also avoid being too late in normalising monetary policy, a sign he will be more open to the idea of tweaking its controversial bond yield control policy than his dovish predecessor Haruhiko Kuroda. “If the BOJ suddenly realises that…

Topline Annual inflation fell for a ninth-straight month in March—temporarily easing concerns about the future of the Federal Reserve’s tightening campaign as some experts worry that uncertainty over recent bank failures and a potential recession may complicate the path of inflation. Key Facts Consumer prices rose 5% on an annual basis, according to data released by the Labor Department on Wednesday, marking the smallest year-over-year increase since May 2021 and coming in better than economists expected after a 6% spike in February. Rent prices were “by far” the biggest contributor to overall inflation, more than offsetting a decline in energy…

Key Takeaways Inflation Continues To Slow Bank Earnings Coming Friday Fed Members Disagree On Next Move It’s been a very quiet six days for stocks but that could all begin changing today as economic data comes into to focus and then earnings season will kick off Friday. Data on inflation shows consumers continue to pay more for goods, but the rate at which they are paying more has cooled. Tomorrow we’ll get March’s Producer Price Index (PPI) and a look at production costs. Investors will have little time to digest the economic news before attention shifts to the state of…

Nursing homes have been pressing for more money from the state and federal governments, by far their biggest payers. Now they are close to getting it, but the extra payments may come with costly new obligations, especially related to staffing. The federal government is about to increase Medicare payments for skilled nursing care and, at the same time, states are considering a new round of hikes in their Medicaid payments for long-term nursing home care. The price: Tough new requirements for facilities to hire more staff and work harder to keep care workers. More Money, More Rules The federal government…

As Tax Day gets closer—April 18, 2023—many taxpayers are looking for ways to put a dent in their tax bills. To benefit from most tax-favored moves for 2022, like making a charitable contribution or buying new technology for the office, you needed to have taken action by December 31, 2022. But there’s a significant exception to that rule: contributing to an IRA. The deadline to contribute to your 2022 IRA is April 18, 2023. IRA IRA stands for Individual Retirement Arrangement (yes, it’s really arrangement and not account). There are two kinds of IRAs: traditional IRA and Roth IRA. A…

JPMorgan Chase was aware in 2006 of accusations that disgraced former financier Jeffrey Epstein paid to have underaged girls brought to his home, according to the latest allegations in a high-profile legal case.A filing released Wednesday as part of a lawsuit begun last year by the U.S. Virgin Islands contained fresh revelations about internal discussions at the biggest U.S. bank by assets tied to Epstein, who died by apparent suicide in 2019.Mary Callahan Erdoes, a veteran JPMorgan executive who became head of the bank’s giant asset and wealth management division in 2009, was recently interviewed under oath in the case.She…

When Bethenny Frankel joined the cast of “The Real Housewives of New York City,” she had no business savvy and no money, she says — but she knew when a contract didn’t feel right.The reality TV alumna, who later founded the Skinnygirl lifestyle brand and became a self-made millionaire entrepreneur, agreed to a payment of just $7,250 for the hit Bravo TV show’s first season, she said in a recent Instagram Reel. But she didn’t let the network take a percentage of anything she made on her own, a move that “changed my entire life,” she added.”The contract said $7,250,…

America’s largest bank is ending pandemic-era hybrid work for its senior staff. “Our leaders play a critical role in reinforcing our culture and running our businesses,” JPMorgan Chase told staff in a memo. “They have to be visible on the floor, they must meet with clients… and they should always be accessible for immediate feedback and impromptu meetings.” Wall Street giants like JPMorgan have been among the most vocal proponents of returning to a pre-pandemic office regimen. That was true even in the fall of 2020, before new Covid variants emerged and scuttled banks’ back-to-office plans. But as infection rates…