All About Everything

China bank loans unexpectedly rise in May, but broader credit growth slows

Top Chinese leaders have repeatedly vowed to avoid any sharp policy turns, keeping borrowing costs low and telling banks to maintain support for small firms, while being more watchful about extending credit to hot areas of the economy such as property.

Prices Jumped 5% in May From Year Earlier, Stoking Debate in Washington

Consumer prices rose in May at the fastest rate since 2008, a bigger jump than economists had expected and one that is sure to keep inflation at the center of political and economic debate in Washington. The Consumer Price Index surged 5 percent in May ...

Bank regulators plot toughest capital rule for bitcoin

LONDON (Reuters) -Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global regulators proposed on Thursday, in a "conservative" step that could prevent widescale use of the cryptocurrency by big lenders. FILE PHOTO: A ...

Inflation is jumping. What does that actually mean?

The Consumer Price Index, due out Thursday morning, could show the strongest year-over-year reading since 2008. Goldman Sachs requires its U.S. employees to report their vaccination status.

French and Swiss central banks to trial wholesale digital currencies

The Swiss National Bank and the Bank of France will trial Europe's first cross-border central bank digital currency payments, the banks said on Thursday, a move that will be a first for two of the world's top currencies. The experiment will focus on the ...

Asian shares in tight range ahead of US CPI, ECB meeting

In early European trades, the pan-region Euro Stoxx 50 futures added 0.52% and German DAX futures rose 0.1%, as did London's FTSE futures . U.S. stock futures, the S&P 500 e-minis , were up 0.32%.

Inflation continued climb in May as prices rose 5 percent over last year. Policymakers say it's temporary.

Washington Post

Washington Post

Prices rose by 5 percent in May compared with a year ago, the largest increase since the Great Recession, continuing a steady climb in inflation even as policymakers insist on staying the course. Price spikes often coincide with downturns, and officials from ...

China's Nio Faces Battle Royale After Return From Brink of Ruin

William Li is being mobbed. At a gala dinner in Shanghai, the founder of Chinese electric carmaker Nio Inc. can barely move forward in the buffet queue before being stopped for another selfie, handshake or hug. Swapping his usual attire of jeans and a ...

Housing Boom Fuels Bets That Fed Will Taper Mortgage Bonds First

When the Federal Reserve starts scaling back its massive bond-buying spree, mortgage traders are betting their market will be at the forefront. That would be a break from the Fed's balanced approach during its last pullback in 2014, when it slowed purchases ...

Explainer: El Salvador's bitcoin push: What does it mean for cryptocurrency?

Here's what the move means for bitcoin as a mainstream currency - and emerging markets such as El Salvador: WHAT DOES THE LAW SAY? El Salvador's law means bitcoin will have equal footing with the dollar ...