Economy

Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs

DUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters…

U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says

The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending…

Former researcher alleges Harvard forced her out to preserve Facebook donations

WASHINGTON — Social media researcher Joan Donovan says she knows the exact moment her career began to go off the…

Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021

Job openings tumbled in October to their lowest in 2½ years, a sign the historically tight labor market could be…

Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom

Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance…

In Congress and in class: Rep. Don Beyer works toward master’s degree in AI

WASHINGTON — Don Beyer isn’t the average student at George Mason University. He’s 73 years old. He prefers a notebook…