Breaking News: Economy

The economy probably showed gangbuster growth in the third quarter. But will it last?

The U.S. economy likely turned in another strong performance heading into the final part of the year, though what’s ahead…

Peace talks in the Middle East will take time to resume, World Bank chief says

The president of the World Bank on Tuesday said that it will be some time before progress toward a more…

IMF chief says Israel-Hamas war is a new cloud on the world’s economic horizon

The head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon…

‘Incredible alpha opportunities’ in the year ahead despite headwinds, says Carlyle Group CEO Harvey Schwartz

Several of Wall Street’s biggest names convened in Riyadh, Saudi Arabia, for the kingdom’s annual Future Investment Initiative, during which…

U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%

The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the U.S.…

Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’

Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024.…

As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal

Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of…