Economy

Job openings nudged down in November, down to lowest in more than two years

Demand for workers fell to its lowest level in more than 2½ years in November while hirings and layoffs both…

Fed’s Barkin sees likely soft landing ahead but notes rate hikes still a possibility

Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft…

Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC to top spending table

Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about…

‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with…

From FedEx to airlines, companies are starting to lose their pricing power

After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the…