(Reuters) – Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank’s decision to hike interest rates to 15% last month as it tries to bring price rises under control. The central bank has now raised rates by 750 basis…

The numbers: Builder confidence fell in November for the fourth month in a row, in the face of weakening buyer demand as mortgage rates reached 8%.  Builder confidence fell to the lowest level since December 2022, which pushed the National Association of Home Builders’ (NAHB) monthly confidence index down 6…

In a recent bid to attract new customers, Barclays has announced a £175 bonus for individuals who switch to their bank using the Current Account Switch (NYSE:) Service (CASS). This offer is available until November 30th, 2023, and is part of a competitive push among UK banks to expand their…

The numbers: Sales at retailers nationwide fell 0.1% in October and dropped for the first time in seven months, but the decline is unlikely to last as the U.S. enters the holiday-shopping season. Economists polled by The Wall Street Journal had forecast a 0.2% drop in sales. It was the…

BOGOTA (Reuters) – Colombia’s economy expanded 0.5% on a year-on-year basis in the third quarter, according to a Reuters poll on Friday, a slightly more optimistic figure than estimated by the central bank amid still-high inflation. The median forecast was taken from estimates provided by 15 analysts, whose predictions for…

The numbers: The U.S. producer price index fell 0.5% in October, the Labor Department said Wednesday. That’s down from an 0.4% increase in October and the largest decrease since April 2020. Economists polled by The Wall Street Journal had forecast a 0.1% advance. The core producer price index, which excludes…

By Pritam Biswas and Arasu Kannagi Basil (Reuters) -Hamilton Insurance Group notched a valuation of $1.68 billion as shares rose 1.7% in a tepid market debut on Friday, indicating limited investor appetite for new listings. The Bermuda-based company’s stock opened at $15.25, compared with the initial public offering price of…

Technical analysts were upbeat on U.S. small-cap stocks Wednesday as they added to gains, a day after a subdued October consumer price index saw the benchmark Russell 2000 lead a broad equity rally, turning the market pecking order upside down. The 5%-plus Tuesday surge saw the small-cap benchmark Russell 2000…

The Federal Reserve Bank of New York today announced that Pamela Chase Dyson will step down from her position as the Chief Information Officer (CIO) in December 2023. Sushmita Shukla will take over the role on an interim basis. During her tenure, which began in 2018, Dyson played a pivotal…

U.S. stocks closed higher Wednesday, building on the previous session’s blockbuster rally sparked by subdued inflation data that bolstered hopes for an economic soft landing that would see the Federal Reserve reduce borrowing costs as growth holds up.What happened The S&P 500 soared 1.9% on Tuesday for its biggest one-day…