Jobless claims increase more than expected to their highest since October 2021
First-time jobless claims rose sharply last week in a potential sign that the labor market is softening up after more…
Treasury Secretary Yellen says she wouldn’t be surprised to see more bank consolidation
WASHINGTON — Given the overall environment in the industry, it’s likely for some smaller banks to consolidate, Treasury Secretary Janet Yellen…
Senegal, one of Africa’s bastions of stability, faces its gravest threat of unrest in decades
The criminal conviction of a populist opposition leader in Senegal has triggered widespread unrest that threatens the West African country’s…
World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress
Higher rates and overhangs from this year’s banking crisis will drastically slow economic growth for the biggest global economies, the…
IMF chief says there’s no significant slowdown in lending and the Fed may need to do more
The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal…
Biden signs debt ceiling bill, avoiding a catastrophic economic default
WASHINGTON — President Joe Biden on Friday evening gave his first address from the Oval Office to discuss a bill to…
Unemployment dropped among Hispanic men and women in May but rose for Black workers
The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report. The…
Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS…
Here’s where the jobs are for May 2023 — in one chart
The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services…
