Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's re-election chances, billionaire investor Stanley Druckenmiller said Tuesday.The head of Duquesne Family Office who made his name betting against the British pouned in the early 1990s blasted fiscal and monetary authorities, including...
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty ImagesThe dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way...
People walk through the newly opened Grand Central Madison train terminal in Manhattan on February 27, 2023 in New York City.Spencer Platt | Getty ImagesThe strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force...
A networking and hiring event for professionals of color in Minneapolis.Michael Siluk | Getty ImagesThe unemployment rate for Black Americans fell in April, bucking the overall trend, according to data released Friday by the Department of Labor.Black Americans remain the racial group with the highest jobless percentage in the...
The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, reversing a trend of robust job growth that had kept the Federal Reserve cautious as it looks for signals on when it can start cutting interest rates.Nonfarm payrolls increased by 175,000 on the month,...
A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic, hang from the exterior of a building in the Sisli district of Istanbul, Turkey, on Monday, Aug. 29, 2022.Bloomberg | Bloomberg | Getty ImagesTurkey's inflation accelerated to 69.8% annually...
A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, US, on Thursday, April 11, 2024. Allison Joyce | Bloomberg | Getty ImagesHiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could...
Wall Street reacted Thursday to this week's Fed meeting, with forecasts scattered across a range of outcomes for where monetary policy heads next. Most economists for the biggest forecasting firms expect the central bank to lower benchmark interest rates sometime later this year. But the outlooks ranged from one...
People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024.Lucy North - Pa Images | Pa Images | Getty ImagesThe U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to...
The BlackRock logo is displayed at the company's headquarters in New York City on Nov. 14, 2022.Leonardo Munoz | Getty ImagesAsset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia's Public Investment Fund, the kingdom's sovereign wealth...