BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from…
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S.…
Here’s everything to expect from the Fed meeting that will move markets on Wednesday
Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in…
McDonald’s and other big brands warn that low-income consumers are starting to crack
Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising. Inflation has…
Worker pay rose more than expected in Q1 in another sign of persistent inflation
Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation, while consumer…
Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth
Price rises in the euro area held steady at 2.4% in April, while the economy returned to growth in the…
IMF chief warns of emerging market risk with high U.S. interest rates
Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a…
Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the…
WEF president: ‘We haven’t seen this kind of debt since the Napoleonic Wars’
Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces…
All the data so far is showing inflation isn’t going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in,…
