Economy

Here’s everything you need to look for in Friday’s July jobs report

Friday’s jobs report could provide a crucial piece to the increasingly complicated puzzle that is the U.S. economy and its…

The Fitch U.S. ratings cut is here to stay, says analyst who worked on the S&P downgrade in 2011

Growing political instability means the U.S. will not regain its AAA rating with Fitch for the foreseeable future, according to…

The Fitch analyst behind the U.S. downgrade breaks down the decision—and how the country can regain the top rating

It’s not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the…

Private sector added 324,000 jobs in July, well above expectations, ADP says

Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality…

U.S. debt downgrade sinks global markets — but economists are not concerned

Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top…

Job openings, layoffs declined in June in a positive sign for the labor market

Job vacancies and layoffs edged lower in June, according to a report Tuesday that points to a stable labor market.…

Saudi Arabia’s economic growth slows as oil cuts, price drops bite into revenues

Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in…

Key Fed inflation rate falls to lowest annual level in nearly 2 years

Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely.…

The Bank of Japan just shocked markets with a policy tweak — here’s why it matters

The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank…

Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate

Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said…