U.S.

Retail sales rose solidly last month in a sign that U.S. consumers are still spending freely Fallback Image Decorative pattern

Economic Indicators

Retail sales rose solidly last month in a sign that U.S. consumers are still spending freely

But higher interest rates are weighing on economic activities dependent on credit

By Anne D'innocenzio, The Associated Press |August 15, 2023

3 min read

UBS settles case over mortgage-backed securities in lead-up to financial crisis UBS settles case over mortgage-backed securities in lead-up to financial crisis

Industry

UBS settles case over mortgage-backed securities in lead-up to financial crisis

Latest settlement brings penalties in DoJ cases to over US$36 billion

By James Langton |August 14, 2023

2 min read

Tough second half ahead for U.S. banks: Fitch Tough second half ahead for U.S. banks: Fitch

Economic Indicators

Tough second half ahead for U.S. banks: Fitch

Earnings to remain under pressure as the sector faces slow growth and elevated costs

By James Langton |August 11, 2023

2 min read

U.S. wholesale inflation edges up Fallback Image Decorative pattern

Economic Indicators

U.S. wholesale inflation edges up

By all measures, inflation has cooled over the past year, moving closer to the Fed's 2% target level but still remaining persistently above it

By Paul Wiseman, The Associated Press |August 11, 2023

2 min read