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Top Democrats join the wealthiest in fighting a California tax increase on billionaires18:00 A first-in-the-nation proposal in California to tax billionaires could test voters' appetite for levying a wealth tax on the ultra-rich Americans 75 and older are wealthiest age group, Fed survey finds16:24 Bolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America’s wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said China and EU trade envoys seek ways to ease tensions over growing imbalances10:20 The top trade envoys for China and the European Union are wrapping up two days of talks aimed at calming escalating tensions over growing imbalances between the two giant economies Average long-term US mortgage rate rises to highest level in nearly 3 years22:39 Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years PepsiCo sees strong overseas demand but lackluster North American performance in Q38.října PepsiCo is reporting better-than-expected revenue in the third quarter despite lackluster North American demand 5 traders jailed for rigging key interest rates have their convictions quashed8.října A British court has quashed the convictions of five traders accused of manipulating benchmark interest rates, in a scandal stemming from the 2008 financial crisis A partial building collapse in Istanbul traps at least 7 people, including a child8.října A seven-story building in Istanbul has partially collapsed, trapping at least seven people, including a 6-year-old EU sends envoy to Beijing as rising exports from China raise economic anxiety8.října The European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest ... Brazilian students in Rio de Janeiro march against the prospect of another Bolsonaro presidency7.října Thousands of Brazilian students have marched in Rio de Janeiro against the possibility of Flávio Bolsonaro winning the presidency Federal Reserve officials expect another rate hike will be needed this year, according to minutes7.října Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed World stocks fall back despite latest earnings-driven rally on Wall Street7.října World shares have retreated after U.S. stocks hit all-time highs, lifted by expectations of fat corporate earnings |