Breaking News: Economy

Mexico warns Trump tariffs would kill 400,000 U.S. jobs, threatens retaliation

Mexican President Claudia Sheinbaum speaks after reading a letter to be sent to U.S. President-elect Donald Trump, warning that tariffs…

These economists say AI can improve the fiscal health of the U.S.

Can artificial intelligence be so transformative as to solve one of the U.S. economy’s biggest problems: its skyrocketing fiscal deficit?…

PCE inflation October 2024:

Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest…

DELL, ADSK, WDAY and more

Check out the companies making headlines in after-hours trading. Ambarella – Shares of the semiconductor design company soared 20% on…

Databricks nears multibillion funding round at $55 billion valuation

Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco…

Fed officials see interest rate cuts ahead, but only ‘gradually,’ meeting minutes show

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate…

Trump’s proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates

President-elect Donald Trump speaks at the U.S.-Mexico border on August 22, 2024 south of Sierra Vista, Arizona.  Rebecca Noble |…

Saudi Arabia keep pace with its mega-project spending spree?

Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM In Saudi Arabia’s northwestern desert, a sprawling…

Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on…

RDDT, SMCI, INTU and more

Check out the companies making headlines in midday trading. Elastic – Shares surged about 15% after the software company topped…