WASHINGTON (Reuters) -The U.S. economy is on track by the end of next year to meet the employment and inflation hurdles the Federal Reserve has set for raising interest rates, which would be consistent with a liftoff in borrowing costs in 2023, Fed Vice Chair Richard Clarida said on Wednesday.FILE PHOTO: Federal Reserve Vice Chair Richard Clarida talks on the […]

The futures were down across the board Wednesday, following a very positive day on Wall Street where all three major indexes and the transports ended higher. Much of the financial chatter was focused on the rising COVID-19 cases, with some areas, like Louisiana, that have seen a big spike in new cases reinstating mask mandates. The gaming industry was hit […]

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)If you’re a company that manages ticket sales for concerts and other live events, it makes sense that after a long 18 months, you’d be getting excited about the future. What’s happening: “Momentum for the […]

TOKYO (Reuters) – Japan warned on Wednesday that coronavirus infections were surging at an unprecedented pace as new cases hit a record high in Tokyo, overshadowing the Olympics and adding to doubts over the government’s handling of the pandemic.Slideshow ( 2 images )The Delta variant was leading to a spread of infections “unseen in the past”, Health Minister Norihisa Tamura […]

Brunei’s Second Minister of Foreign Affairs Erywan Pehin Yusof addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 30, 2019. REUTERS/Brendan McDermidJAKARTA (Reuters) – Foreign ministers from the Association of Southeast Asian Nations (ASEAN) have appointed Brunei’s second minister for foreign affairs, Erywan Yusof, as special envoy to […]

BENGALURU (Reuters) – Activity in India’s dominant services industry shrank for a third consecutive month in July as restrictions to control the coronavirus pandemic hit demand, with companies turning the most pessimistic in a year, a private survey showed on Wednesday.Waiters wait for customers at a dhaba, a small restaurant along a national highway in Gharaunda, in the northern state […]