Breaking News: Economy

U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%

The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, lifting hopes that the Federal…

Turkey’s inflation accelerates to nearly 70% in April

Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. The highest consumer…

UK to suffer slowest growth of all rich nations next year, OECD says

The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next…

Fed keeps rates steady as it notes ‘lack of further progress’ on inflation

WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a…

BlackRock is opening a Saudi investment firm with initial $5 billion from PIF

Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from…

Private payrolls increased by 192,000 in April, more than expected for resilient labor market

Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S.…

Here’s everything to expect from the Fed meeting that will move markets on Wednesday

Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in…

McDonald’s and other big brands warn that low-income consumers are starting to crack

Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising. Inflation has…