economy

Bank of Japan shocks global markets with bond yield shift

The Bank of Japan shocked global markets on Tuesday by widening the target range for its 10-year government bond yield. Kazuhiro Nogi | AFP | Getty Images Global markets were shaken overnight after the Bank of Japan unexpectedly widened its cap on Japanese 10-year government bond yieldstriggering a sell-off in bonds and stocks around the …

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UK inflation falls from 41-year high as fuel price surge eases

LONDON – UK inflation was slightly below expectations at 10.7% in November as cooling fuel prices helped ease price pressures, although high food and oil prices energy have continued to weigh on households and businesses. Economists polled by Reuters had forecast an annual rise in the consumer price index of 10.9% in November, after October …

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Consumers see inflation easing considerably next year, New York Fed survey shows

Shoppers carry bags of merchandise purchased at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Consumers grew more optimistic about inflation in November as food and energy price increases were expected to be less severe in the year ahead, a survey shows. from the …

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Inflation hovers over shoppers seeking deals on Black Friday

NEW YORK (AP) — Cautious shoppers sought the best deals in stores and online as retailers offered new Black Friday discounts to entice consumers eager to start shopping for holiday gifts but weighed down by inflation. . Due to high prices for food, rent, gasoline and other necessities, many people were more selective, reluctant to …

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Protesting workers beaten at Chinese iPhone factory

BEIJING (AP) — Police beat workers protesting a pay dispute at Apple’s biggest iPhone factory, whose new model is being held up by controls imposed as China tries to contain a rise in cases of COVID-19. Foxconn, the largest contract assembler of smartphones and other electronics, is struggling to fulfill iPhone 14 orders after thousands …

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