BEIJING (Reuters) -Another round of bad Chinese economic figures is raising pressure on Beijing to loosen the fiscal spigot further and even dole out shopping vouchers to get growth back towards this year's target of roughly 5%. After a dismal second quarter, the world's second-largest economy lost momentum further in July: new home prices fell at the fastest pace in...

In the wake of promising retail sales and jobless claims data, Goldman Sachs Group Inc. ( GS ) economists have revised the risk of a U.S. recession in the next year from 25% to 20%. What Happened: The team of economists at Goldman Sachs ( GS ) reassessed the recession risk due to positive economic data released last week. The...

The S&P 500 has wrapped up its most lucrative week of 2024 on Friday, soaring 3.9% in five trading days. What Happened: The substantial rally effectively neutralized the major sell-off that occurred earlier this month, propelled by a series of promising data that hint at a gentle deceleration for the economy. On the final trading day of the week, both...

(Reuters) - San Francisco Federal Reserve Bank President Mary Daly said it is time to consider adjusting borrowing costs from their current range of 5.25% to 5.5%, in an interview with the Financial Times published on Sunday. Gradualism is not weak, it's not slow, it's not behind, it's just prudent, Daly said to the newspaper, adding the labor market, while...