economy

Fed Chair Powell is having a communication problem with the market

No matter what Federal Reserve Chairman Jerome Powell tells market participants these days, it seems they only hear the good stuff. Two recent examples: First in July, when Powell hinted that smaller interest rate hikes could be on the way. The second was last week, when the central bank leader seemed to confirm that the …

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Ottawa to unveil investment law reforms to address ‘national security concerns’ – National

Innovation Minister François-Philippe Champagne is poised to announce legislation to “modernize” the Investment Canada Act (ICA) on Wednesday, according to a government news release issued on Tuesday. “These changes represent the most significant updates of the Investment Canada Act in more than a decade and will address evolving national security concerns,” the press release says. …

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Inflation still a problem for Americans, Walmart CEO says

The American shopper is still feeling “stressed” by inflation, but the effects aren’t being felt evenly across categories, Walmart CEO Doug McMillon said Tuesday. “We’ve got some customers who are more budget-conscious that have been under inflation pressure now for months,” he told CNBC’s “Squawk Box.” “That sustained pressure in some categories, I think, is …

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Chinese cold on overseas travel even if COVID curbs ease: survey | Business and Economy

Fear of infection listed as top concern of those who are reluctant to travel in survey of 4,000 Chinese consumers. More than half of Chinese will put off travel abroad for periods from several months to more than a year, even if borders reopen tomorrow, according to a survey, a sign that consumer recovery from …

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Gen Zers coming home for the holidays on mom and dad’s dime, study says

Travel demand has surged this year, although not everyone can afford the sky-high tab. Along with rising costs for hotels and rental cars, travelers can expect to pay up to 39% more for a round-trip flight around Christmas compared with last year, according to data from the Hopper travel booking app. Young adults, in particular, …

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Indian billionaire Adani is now NDTV’s biggest shareholder | Business and Economy News

The news network’s takeover has raised fears that one of the country’s last bastions of free press is under threat. Indian billionaire Gautam Adani’s conglomerate has raised its stake in New Delhi Television Ltd (NDTV) to more than 37 percent through an open offer, making it the biggest shareholder of one of the country’s most …

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South Korea’s Yoon promises support to boost exports | Business and Economy

South Korean leader also pledges to expand free trade agreements into Middle East, Central and South America. South Korean President Yoon Suk-yeol has renewed a pledge to focus government resources on boosting exports, saying in a speech that exports have been and still are the basis for the country’s economy and employment. The government will …

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Bank of Canada expected to deliver interest rate hike next week. How high will it go? – National

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a percentage point …

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