Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | ReutersJPMorgan Chase CEO Jamie Dimon said Tuesday he wouldn't rule out stagflation, even with greater...
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024.Sefa Karacan | Anadolu | Getty ImagesTurkey's request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian...
Italian Prime Minister Mario Draghi during the press conference at the Multifunctional Hall of the Prime Minister on July 12, 2022 in Rome, Italy.Massimo Di Vita | Mondadori Portfolio | Getty ImagesThe European Union needs up to 800 billion euros ($884 billion) in additional financing per year to meet...
Khalid Al-Falih, Saudi Arabia's investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023. Bloomberg | Bloomberg | Getty ImagesSaudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country's economic diversification plan, as Riyadh touts "green shoring" investment opportunities to woo foreign...
The European Union has successfully avoided the "terrible prophecies" that threatened its economy in recent years, but must still contend with Russia's war in Ukraine and a tenuous trade relationship with China, outgoing European Commissioner for Economy Paolo Gentiloni said Saturday.The bloc's economy underwent "overall a weak growth, but...
Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. A trio of central bank decisions this week sent a clear message to markets that officials are preparing to loosen monetary policy, reigniting investor appetite for risk.Bloomberg...
An attendee takes information about a California State job at a City Career Fair hiring event in Sacramento, California, US, on Wednesday, June 5, 2024. David Paul Morris | Bloomberg | Getty ImagesThe unemployment rate for Black Americans fell in August, according to data released Friday by the Department of...
The August jobs report came in weaker than expected, and employment growth by different industries showed a mixed bag for the U.S. economy.The growth was led by leisure and hospitality and health care and social assistance, with each category adding more than 40,000 jobs, according to data from the...
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month.Nonfarm payrolls expanded by 142,000 during the month, down from 89,000 in July and below the 161,000 consensus...
Andreypopov | Istock | Getty ImagesWall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor Department puts out a jobs report expected to go a long way in determining the future of Federal Reserve policy.The Wall Street consensus is...