Breaking News: Economy

Turkey’s bid for BRICS both strategic and symbolic step, analysts say

Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod,…

Jamie Dimon says ‘the worst outcome is stagflation,’ a scenario he’s not taking off the table

Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of…

UK economic growth July 2024

Maremagnum | Corbis Documentary | Getty Images LONDON — The U.K. economy continued to flatline in July on a month-on-month…

Chairman of property firm Damac expresses concerns over ‘expensive’ Dubai

DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track…

CPI inflation report August 2024:

Inflation in August declined to its lowest level since February 2021, according to a Labor Department report Wednesday that also…

U.S. Latino economic output grows to $3.6 trillion, new report finds

Miami Beach, Florida, Cafe Sazon, Cuban flag with seniors at table.  Jeff Greenberg | Universal Images Group | Getty Images…

Wholesale prices rose 0.2%, in line with expectations

Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets…

Interest payments on the national debt top $1 trillion as deficit swells

A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. …

OpenAI’s CFO says funding round should close by next week in letter

OpenAI’s Sora AI tool allows users to create AI-generated videos from text-based inputs. Costfoto | Nurphoto | Getty Images OpenAI…

Inflation is slowing but the Fed’s next move is still up in the air

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market…