Economy

Turkish lira hits fresh record low against the U.S. dollar

The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback…

Thursday’s inflation report could challenge the market outlook for big Fed rate cuts

Economists expect that inflation nudged higher in December, a trend that could call into question the market’s eager anticipation that…

Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows

Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail…

Saudi Arabia nearly doubles estimate for the value of its mineral resources

Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during…

Biden slams Trump as ‘revealing twisted true colors’ after Trump says he hopes economy crashes in 2024

The White House took aim at former President Donald Trump after the Republican presidential candidate front-runner said he hoped the…

U.S. slams ‘meritless’ Israel genocide suit, reigniting tensions with South Africa

South Africa’s genocide accusation against Israel has placed further strain on an already frayed relationship with the U.S. and could…