BERLIN (Reuters) - Conservative Friedrich Merz is set to be sworn in on Tuesday as Germany's new chancellor at a critical juncture as the economy battles its longest post-war downturn, relations with top security ally the United States fray and the far-right surges. Lawmakers are widely expected to back Merz as chancellor in a vote in the lower house of...

Key takeaways The Federal Reserve's interest-rate decisions have a wide-ranging influence on your personal finances, affecting more than just your financing costs but also your job security and purchasing power. When the Fed's key interest rate falls (or rises), the borrowing costs you pay also follow suit, influencing the cost of financing purchases with credit cards, car loans, personal loans...

Billionaire investor Bill Ackman believes inflation has largely been “wrung out of the economy” and predicts global economic conflicts could resolve within six to nine months, while advocating for a temporary pause on China tariffs to protect U.S. businesses. What Happened: The Pershing Square Capital Management CEO told CNBC that declining energy and food prices signal positive economic trends. “The...

(Reuters) -A House of Representatives panel this week will consider sweeping changes to the nation's oil and gas drilling programs, including requiring dozens of lease sales in the Gulf of Mexico and Alaska, that could be passed in an impending budget bill. WHY IT MATTERS The proposal is designed to bolster President Donald Trump's goal to increase U.S. fossil fuel...