Breaking News: Economy

Saudi oil giant Aramco posts 25% fall in full-year profit

Saudi Arabia’s state oil giant Aramco reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1…

Ray Dalio says Taylor Swift should be president, posts Eras Tour selfie

Hedge fund billionaire Ray Dalio attended a Taylor Swift Eras Tour concert in Singapore, and posted a selfie from the…

U.S. job growth totaled 275,000 in February but unemployment rate rose to 3.9%

Job creation topped expectations in February, but the unemployment rate moved higher and employment growth from the previous two months…

Jobs report Friday is expected to show a slowing but still healthy labor market

Job growth in the U.S. likely decelerated in February while still a long way from stall speed as companies continue…

Stock market bubble? Analysts explain why they’re not worried

Despite the heavy concentration of the U.S. market rally in expensive, AI-focused tech stocks, analysts say Wall Street is not…

Watch Fed Chair Jerome Powell testify live on Capitol Hill before House panel

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

Powell reinforces position that the Fed is not ready to start cutting interest rates

Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but…

Egypt hikes interest rates by 600 basis points, pound crumbles to record low

Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…

Private payrolls rose by 140,000 in February, less than expected, ADP reports

Private sector job growth improved during February though growth was slightly less than expected, payrolls processing firm ADP reported Wednesday.…