Business

Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Research and Statistics, Board of Governors of the Federal Reserve System in Washington D.C., United States on…

Salvage crews continue to work on removing debris from the Francis Scott Key Bridge collapse after it was struck by the container ship Dali, now docked at Seagirt Marine Terminal in Baltimore. (Jerry Jackson/Baltimore Sun/Tribune News…

Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City. Michael M. Santiago | Getty ImagesMay's surprising pace of job growth along with a rise in wages added to conviction that…

A representative speaks with a jobseeker at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11, 2024.Allison Joyce | Bloomberg | Getty ImagesThe unemployment rate for white Americans held steady from April to…

Russia's President Vladimir Putin gestures as he delivers a speech during the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg on June 7, 2024.Anton Vaganov | Afp | Getty ImagesRussian President Vladimir Putin said…

Job growth in May was surprisingly strong, pushing back on lingering fears of a broader economic slowdown and likely slowing the Federal Reserve's rate-cutting timeline.The U.S. economy added 272,000 jobs for the month, coming out…

The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market and likely reducing the Federal Reserve's impetus to lower interest rates.Nonfarm payrolls expanded by 272,000 for the month, up…

Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City. Spencer Platt | Getty ImagesGameStop the video game retailer currently riding another wave of trading enthusiasm spurred…

Russian President Vladimir Putin is seen while visiting the Lakhta Center on June 5, 2024, in Saint Petersburg, Russia. Vladimir Putin visited a newly built Lakhta Center, a skyscraper of Gazprom, prior to his meetings at the Saint…

Liu Jie/Xinhua via Getty ImagesInvestors will be looking to May's nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation.Economists surveyed by Dow Jones expect the Bureau of…

Samantha McCloud, 16, left, Victoria Garcia, 16, Jessel Rincon, 16, at college and career fair at Temple City High School on Saturday, Oct. 21, 2023 in Temple City, CA.Irfan Khan | Los Angeles Times | Getty ImagesAfter receiving a graduate…

A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on July 25, 2018.Daniel Acker | Bloomberg | Getty ImagesWhile inflation is showing signs of easing, consumers in the country may still be…

Lululemon's growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily…

An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty ImagesDollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand.The company…

A bartender prepares drinks in Le Central restaurant in San Francisco, California, US, on Tuesday, May 7, 2024. David Paul Morris | Bloomberg | Getty ImagesPrivate job creation slowed more than expected in May, according to a report…

A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023.Jakub Porzycki | Nurphoto | Getty ImagesDUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even…

Job openings fell more than forecast in April, signaling a potential weakening in the labor market that could provide the Federal Reserve more impetus to start lowering interest rates.The Labor Department's Job Openings and Labor Turnover…

City scene Yeni Camii great mosque by Golden Horn of Bosphorus River, Topkapi Palace, Hagia Sophia Istanbul, Republic of Turkey Tim Graham | Getty ImagesInflation in Turkey topped 75% in May in what economists expect to be the peak before…

A Monzo debit card being used at a payment terminal.MonzoMonzo, the British digital challenger bank, on Monday reported its first full year of profitability.The fintech startup said in annual financial results that its pre-tax profits…

Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022.Bloomberg | Bloomberg | Getty ImagesThe prominent OPEC+ oil producers' alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact…

People shop at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty ImagesInflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a…

General view of the center of Corfu with a little restaurant in Old Town in Corfu, Greece, in May 2024.Sopa Images | Lightrocket | Getty ImagesInflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a…

MongoDB CEO Dev Ittycheria.Scott Mlyn | CNBCMongoDB stock sank as much as 26% in extended trading on Thursday after the database software maker issued light guidance for the quarter and reduced its forecast for the full fiscal year.Here is…

Costco Wholesale 's third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter,…

Ulta Beauty on Thursday laid out plans to boost sales and gain market share after a first-quarter sales slowdown.Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales, increased 1.6% year over…

A Gap store in New York, US, on Monday, May 27, 2024. Gap Inc. is scheduled to release earnings figures on May 30. Bloomberg | Bloomberg | Getty ImagesGap posted positive comparable sales at all four of its brands on Thursday, leading the…

Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024.Joan Cros | Nurphoto | Getty ImagesDell reported first-quarter earnings on Thursday that beat…

A Citibike docking station outside the Nordstrom flagship store in New York, US, on Wednesday, Feb. 21, 2024.Bing Guan | Bloomberg | Getty ImagesNordstrom on Thursday fell short of Wall Street's quarterly earnings expectations, as its…

People shop at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty ImagesInflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to show more…

Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out. Revenu e in the company's fiscal 2025 first quarter fell 6.5%…