What is a BRICS currency and is the U.S. dollar in trouble?

What is a BRICS currency and is the U.S. dollar in trouble?

Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing Rights JOHANNESBURG, Aug 23 (Reuters) – Brazil’s President called on Wednesday for the BRICS nations to create a common currency for trade … Read more

US housing starts surge in boost to economy

US housing starts surge in boost to economy

Single-family housing starts increase 6.7% in July Single-family building permits rise 0.6% Overall housing starts climb 3.9%; permits gain 0.1% Manufacturing production increases 0.5% WASHINGTON, Aug 16 (Reuters) – U.S. single-family homebuilding surged in July and permits for future construction rose amid an acute shortage of previously owned houses, but mortgage rates climbing back to … Read more

Biden signs order to ban certain tech investments in China

Biden signs order to ban certain tech investments in China

U.S. President Joe Biden delivers remarks on access to mental health care in the East Room of the White House in Washington, U.S., July 25, 2023. REUTERS/Elizabeth Frantz/File Photo NEW YORK/WASHINGTON, Aug 9 (Reuters) – President Joe Biden on Wednesday signed an executive order that will narrowly prohibit certain U.S. investments in sensitive technology in … Read more

Endgame for Fed’s tightening cycle challenged by easing financial conditions

Endgame for Fed’s tightening cycle challenged by easing financial conditions

July 28 (Reuters) – (This July 28 story has been refiled to remove the garbling in paragraph 2) Less tight financial conditions as exhibited by the red-hot stock market may increase the chances that the Federal Reserve hikes rates again before the end of the year, some economists reckon, even as financial markets put little … Read more

Analysis: Stock sale frenzy foretells US IPO market comeback

Analysis: Stock sale frenzy foretells US IPO market comeback

Signage for TXO Energy Partners is seen at the New York Stock Exchange (NYSE) to celebrate their IPO in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, June 21 (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come … Read more