Financial Markets

Budget office estimates US deficit just under $1 trillion

Oct 7, 2019

The U.S. government ran a budget deficit of just under $1 trillion in the just-closed fiscal year

Greek fashion firms revitalize centuries-old silk tradition

Sep 29, 2019

Greece's financial crisis nearly snuffed out the country's centuries-old silk manufacturing tradition, but the end of the crippling recession has raised demand for fashion products and silk produced by a remote border town

China releases more pork from reserve to cool prices

Sep 26, 2019

China is releasing more pork from stockpiles to help cool surging prices ahead of next week's celebration of the Communist Party's 70th anniversary in power.

Russia's Putin hosts Venezuelan leader Maduro for talks

Sep 25, 2019

Russian President Vladimir Putin is meeting Venezuela's leader in Moscow amid the ongoing political crisis in the South American nation

Markets Right Now: Stocks slip on consumer confidence drop

Sep 24, 2019

Stocks are lower at midday on Wall Street Tuesday as a sharp drop in a reading on U.S. consumer confidence outweighs optimism surrounding U.S.-China trade negotiations

The Latest: British PM questions Thomas Cook bosses' pay

Sep 23, 2019

Prime Minister Boris Johnson says a "huge effort" is underway to bring home British tourists and passengers stranded abroad by the sudden collapse of travel company Thomas Cook

Markets Right Now: Stocks mixed at open on Wall Street

Sep 23, 2019

Stocks are mixed at the open on Wall Street as gains in technology shares offset losses in bank stocks.

Stocks edge higher; S&P 500 heads for another week of gains

Sep 20, 2019

U.S. stocks edged higher in early trading as investors pushed the market toward another week of gains

Japan central bank stands pat after Fed rate cut

Sep 19, 2019

Japan's central bank has opted to keep its monetary policy unchanged despite growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate

Oil price drops on hopes for quick recovery of Saudi output

Sep 18, 2019

The price of oil is falling back further after the Saudi government said half of production that was knocked out by an attack over the weekend had already had been restored

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.