The numbers: The U.S. trade deficit climbed almost 5% in September to $61.5 billion, but it remained near a three-year low and was on track to post the smallest increase since 2020. Smaller deficits add to gross domestic product, the official scorecard for the U.S. economy. GDP grew at a…

By Samrhitha A (Reuters) -Fortinet sank nearly 18% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy. The current losses, if they hold, were set to wipe out nearly $8 billion from the company’s market value. Rivals…

U.S. inflation may be on a path in which it won’t budge much through next March, adding a new wrinkle to the market narrative that the Federal Reserve is likely done with raising interest rates. The market-based outlook for the annual headline rate of the consumer price index implies six…

Wall Street elites gathered at Hong Kong’s annual financial summit this week, focusing their discussions on China-oriented investment strategies and risks. The summit aimed to re-establish Hong Kong’s reputation as a leading financial hub. BlackRock (NYSE:) highlighted a significant opportunity in China’s shift from real estate to capital-market driven investments…

Atlanta Fed President Raphael Bostic said Friday that his own projection is that inflation could come down to the central bank’s 2% target in the next eight to 10 months. Asked in an interview on Bloomberg Television whether he had some idea of how long it would take to get…

By Karen Brettell NEW YORK (Reuters) – The dollar gained for a third day on Wednesday as it continued to recover from a sharp selloff last week on rising confidence that the Federal Reserve has ended its interest rate hiking cycle. Traders also remained on alert for potential intervention in…

NAGOYA, Japan — Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher import prices eases. “The inflation rate will not return to the range of 0% and 1%, which was the prepandemic level,” because the virtuous cycle…

By Dhara Ranasinghe LONDON (Reuters) – World stock markets stuttered on Wednesday, while the dollar continued its rebound, as traders waited to see if U.S. Federal Reserve chief Jerome Powell will push back against rate-cut talk when he speaks later in the day. Oil prices fell to their lowest levels…

“‘ With financial conditions, we’re looking for persistent changes that are material … Longer-term rates that have moved up, they can’t simply be a reflection of expected policy moves from us.’ ” — Jerome Powell at Nov. 1 press conference Federal Reserve Chairman Jerome Powell said last week that a…

The Swiss National Bank (SNB) and six commercial banks, including UBS and Commerzbank (ETR:), are embarking on a pilot to issue ‘real’ wholesale central bank digital currency (CBDC) as part of Project Helvetia’s third stage, beginning in December. This initiative, announced Tuesday, aims to explore the use of central bank…