A now hiring sign is posted in front of a U-Haul rental center on November 03, 2023 in San Rafael, California.Justin Sullivan | Getty ImagesWhen the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust...
St. Louis Fed names Alberto G. Musalem as new president.Source: St. Louis Federal ReserveEconomist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday. Musalem, 55, will start on April 2. He replaces James Bullard, who joined Purdue University last...
A worker at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty ImagesHiring in the private sector rose at a faster than expected pace in December, closing out a strong 2023 for the resilient U.S. jobs market,...
A job seeker visits a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. A new Kentucky law cuts the maximum duration of unemployment benefits by more than half, to 12 weeks, during periods of low unemployment.Luke Sharrett | Bloomberg | Getty ImagesDemand for workers fell...
Skyline of Riyadh in Saudi Arabia.Simon Dawson | Bloomberg | Getty ImagesSaudi Arabia's Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy...
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021.Nina Westervelt | Bloomberg | Getty ImagesAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power.Shipping giant...
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesWhen Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges.The newly single parent reentered the workforce, only to be laid off from...
A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank's goal.The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department...
People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images)James Manning - Pa Images | Pa Images | Getty ImagesLONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous...
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal.Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together.British...