Economy

Turkish annual inflation soars to 67% in February

Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.…

Inflation remains sticky in Europe, with core prices cooling less than expected

Inflation in the 20-nation euro zone eased to 2.6% in February, flash figures showed on Friday, but both the headline…

Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago

Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates…

For Black workers, progress in the workplace but still a high hill to climb

Looking at the state of Black employment in America tells a mixed story: Much progress has been made in the…

Jamie Dimon is ‘cautious about everything’ as he sees risks to a soft landing

JPMorgan Chase CEO Jamie Dimon thinks there’s a better-than-even chance that the U.S. is heading for a recession, though he…

Goldman Sachs and Abu Dhabi’s Mubadala ink $1 billion partnership to invest in Asia Pacific

DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion…

Economic boost from Taylor Swift’s Eras Tour could be overstated, Nomura warns

The devil’s in the details, but local economies have a friend in Taylor Swift. The American pop star has spent…

Germany’s housebuilding sector is in a ‘confidence crisis’ as the economy struggles

Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and…

Fed’s Waller wants more evidence inflation is cooling before cutting interest rates

Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he…