Breaking News: Economy

War, what war? Putin looks to woo new business partners willing to overlook its invasion of Ukraine

Russia’s annual economic forum in St. Petersburg used to be known as the country’s “Davos” in a nod to the…

The low-end consumer ‘is really being stretched,’ says Five Below CEO

While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some…

Private payrolls growth slows to 152,000 in May, much less than expected, ADP says

Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness…

Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion

DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get…

Job openings fell again in April, hitting lowest level since February 2021 in a sign of labor market weakening

Job openings fell more than forecast in April, signaling a potential weakening in the labor market that could provide the…

Turkey’s inflation passes 75% in what economists believe is peak

Inflation in Turkey topped 75% in May, up from 69.8% in April, in what economists expect to be the peak…

OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says

The prominent OPEC+ oil producers’ alliance is awaiting concrete central bank action on interest rates before factoring in the potential…

The Fed’s preferred inflation measure rose 0.2% in April, as expected

Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according…