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...
BRUSSELS, BELGIUM - NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament's Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo by Dursun Aydemir/Anadolu via Getty Images)Anadolu | Anadolu | Getty ImagesThe European Central Bank on...
Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued easing.Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%, the Commerce Department reported...
Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023.Kevin Lamarque | ReutersThe Federal Reserve dialed back its inflation projections on Wednesday,...