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…
Stocks making the biggest premarket moves: Mobileye, EPAM Systems, Thor Industries, Apple and more
Check out the companies making the biggest moves in premarket trading. Mobileye — Shares sank 5% following a U.S. Securities…
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…
Stocks making the biggest moves midday: Lululemon, SentinelOne, T-Mobile, MongoDB and more
Check out the companies making headlines in midday trading. Lululemon — The athleisure apparel company rallied 11.3% on strong fiscal…
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…
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,…
Senate passes bill to raise debt ceiling, preventing first-ever U.S. default
WASHINGTON — The Senate late Thursday passed a House-approved bill to raise the debt ceiling and cap government spending for…
