Breaking News: Economy

Payrolls rose 339,000 in May, much better than expected in resilient labor market

The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds,…

Moscow does not have a ‘veto against NATO enlargement,’ NATO’s Stoltenberg says

NATO Secretary-General Jens Stoltenberg said Thursday that all NATO allies agree that Russia cannot prevent Ukraine’s eventual membership in the…

‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts

Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for…

Treasury now says it could run out of money June 5, buying time for debt ceiling talks

WASHINGTON — Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off…

Spain’s conservative PP elbows Socialists out in regional elections

Spain’s ruling Socialists suffered heavy losses to opposition conservatives in Sunday’s local election, with around 95% of the votes counted,…

Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease

Wholesale prices rose less than expected in April, according to a Labor Department report Thursday that provides more hope that…

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well…

Fed Governor Waller casts doubt on need to conduct climate change tests for banks

Federal Reserve Governor Christopher Waller on Thursday cast doubt on the need for special focus on how banks are preparing…

Shifting to life post-Covid: How remote work transformed this city in the Midwest

Lansing, Michigan may never be the same. The city of just over 110,000 residents, known for its towering state capitol…

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing, as…