Economy

‘Spook the West’: Turkey’s bid for BRICS both a strategic and symbolic step, analysts say

Turkey’s request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian country…

Stocks making the biggest moves midday: Palantir Technologies, Summit Therapeutics, JetBlue Airways and more

Check out the companies making headlines in midday trading: Palantir Technologies, Dell Technologies — Palantir and Dell jumped 14% and…

Draghi urges radical European Union reform requiring extra 800 billion euros a year

The European Union needs up to 800 billion euros ($884 billion) in additional investment per year to meet its key…

Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification

Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green…

Europe’s economy survived ‘terrible prophecies’ but must now tackle trade with China: EU’s Gentiloni

The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years, but must still contend…

U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says

The U.S. job market is cooling at a worrisome rate but not to an extent that warrants panic — at…

Fed Governor Waller backs interest rate cut at September meeting, open to larger move

Federal Reserve Governor Christopher Waller on Friday backed an interest rate cut at the upcoming central bank policy meeting in…

Unemployment among Black workers falls in August, bucking trend from other groups

The unemployment rate for Black workers fell in August, according to data released Friday by the Department of Labor. In…