TOKYO (Reuters) – Japan’s real wages extended a decline in May to post the biggest year-on-year drop in nearly two years, government data showed on Tuesday, as consumer inflation hovering near a seven-year-high outpaced nominal
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Road to Retirement: Crypto crash offers lessons for investors
Regardless of whether you believe that cryptocurrencies will play a role in the future of finance, the recent collapse in price for some crypto assets offers important lessons for investors. This is particularly true for
Read moreColorados cannabis industry prepares for tough times as U.S. recession looms
Colorado’s cannabis industry is preparing for tough times as marijuana sales drop and economic problems pile up. During the COVID-19 pandemic lockdowns, weed businesses serviced consumers eager to stock up on their favorite edibles, concentrates
Read moreBOJ maintains ultra-low rates, warns against sharp yen falls
TOKYO (Reuters) -The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery
Read moreSpirit Air engages with JetBlue ahead of shareholder vote
NEW YORK — Spirit Airlines, the target of a budget airline bidding war, said Tuesday that its board has been in talks with JetBlue about last week’s buyout offer while remaining engaged with Frontier Airlines,
Read moreChina's producer inflation eases to 14-month low in May
BEIJING (Reuters) – China’s factory-gate inflation cooled to its slowest pace in 14 months in May, official data showed on Friday, depressed by weak demand for steel, aluminium and other key industrial commodities due to
Read moreDenver International Airport: IHG Hotels & Resorts opens first Colorado hotel
Those staying near the Denver International Airport will have a new hotel option: the city’s first Atwell Suites. IHG Hotels & Resorts, a global hotel company with well-known brands like Holiday Inn, InterContinental and more,
Read moreFrontiers latest bid for Spirit has been backed by investor-advisory firm
NEW YORK — The decision by Frontier Airlines to sweeten its offer for Spirit Airlines paid dividends Friday when an investor-advisory firm recommended the deal to Spirit shareholders. Glass Lewis supported the deal after Frontier
Read moreBiden, Fed Chair Powell to meet as inflation weighs on consumers
(Reuters) -U.S. President Joe Biden will meet Federal Reserve Chair Jerome Powell on Tuesday as historic inflation drains Americans’ pocketbooks.FILE PHOTO: U.S. President Joe Biden announces the nomination of Federal Reserve Chair Jerome Powell for
Read moreWall Street rallies, snaps longest weekly losing streak in decades
NEW YORK (Reuters) – Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be
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