The U.S. economy is caught in an awkward, painful place. A confusing one, too.Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses... Source: NZ Herald Business News
National Party leader Christopher Luxon said a video on social media suggesting he was in Te Puke while he was actually in Hawaii should have been uploaded earlier.On AM this morning, Luxon was greeted by hosts who were wearing... Source: NZ Herald Business News
Cryptocurrency markets have plunged this year as confidence in markets as a whole has plummeted with rising interest rates, high inflation and the threat of recession.In the US, three companies in the cyptocurrency space have gone... Source: NZ Herald Business News
The housing market continued to cool in June, according to just-released Reserve Bank of New Zealand (RBNZ) data.Banks issued 14,952 new mortgages, worth $6.1 billion, in June. This was 43 per cent fewer mortgages, worth 29 per... Source: NZ Herald Business News
Reserve Bank Governor Adrian Orr has acknowledged that monetary policy has played a part in the country's very high inflation rate.Orr said a report from former governor Graeme Wheeler and Bryce Wilkinson, a senior fellow at The... Source: NZ Herald Business News
Most of New Zealand's workforce is in line for a "virtual" pay cut this year, says a recruitment specialist.The reason: wages are failing to keep pace with inflation.Shannon Barlow, Frog Recruitment managing director, said the... Source: NZ Herald Business News
Retail giants Bunnings and Kmart have temporarily switched off use of facial recognition technology in their Australia stores, amid a probe by a privacy watchdog into how the companies were using it.The Office of the Australian... Source: NZ Herald Business News
Elon Musk has posted a photo of himself partying with Google co-founder Sergey Brin as he strongly denies allegations he had an affair with Brin's wife.The Wall Street Journal yesterday published an exclusive report that claimed... Source: NZ Herald Business News
Former Reserve Bank Governor Graeme Wheeler says central banks made serious errors in the wake of the Covid-19 pandemic which now need to be acknowledged and corrected.In a new research paper co-authored by Bryce Wilkinson for the... Source: NZ Herald Business News
Claims of being a foreign state's "operative" and irreparable damage to a "stellar" public reputation are reasons why the identity of a defendant in the Labour and National donations case should remain suppressed, a court has heard.The... Source: NZ Herald Business News