A job seeker attends a Veteran Employment and Resource Fair in Long Beach, California, US, on Tuesday, Jan. 9, 2024. The Department of Labor is scheduled to release initial jobless claims figures on January 11. Eric Thayer | Bloomberg | Getty ImagesPrivate payrolls increased at a faster than expected pace...
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024. Kent Nishimura | Getty Images News | Getty ImagesFaced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a...
McDonald's employee giving change to a customer.Jeffrey Greenberg | UIG | Getty ImagesSome of America's best-known corporations are saying their consumers are being pinched by inflation as prices continue rising.Inflation has dominated corporate America's discourse over the past three years following the pandemic-induced easing of monetary policy and trillions...
Grace Cary | Moment | Getty ImagesEmployee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation.The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter, the Labor Department reported Tuesday. That was higher than 0.9%...
People walking in the streets of Montmartre, Paris, France, on April 23, 2024. Nurphoto | Nurphoto | Getty ImagesPrice rises in the euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter, according to flash figures published Tuesday.Headline inflation of 2.4% was...
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, DC on April 18, 2024.Mandel Ngan | Afp | Getty ImagesKristalina Georgieva, the managing director of the International Monetary Fund, played...
Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans."All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic...
Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied.Speaking Sunday at WEF's "Special Meeting on Global Collaboration, Growth and Energy for Development" in Saudi Arabia,...
A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California.Justin Sullivan | Getty Images News | Getty ImagesThe last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is...
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department...