Business

A job seeker visits a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. A new Kentucky law cuts the maximum duration of unemployment benefits by more than half, to 12 weeks, during periods of low unemployment.Luke Sharrett…

Skyline of Riyadh in Saudi Arabia.Simon Dawson | Bloomberg | Getty ImagesSaudi Arabia's Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion…

Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021.Nina Westervelt | Bloomberg | Getty ImagesAfter years of unbridled consumer spending on everything from home improvement to dream…

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesWhen Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges.The newly single parent…

A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank's goal.The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for…

People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images)James Manning - Pa Images | Pa Images | Getty ImagesLONDON — The U.K. is edging closer to recession…

A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022.Scott Olson | Getty ImagesNike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its…

The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal.Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial…

A FedEx plane carrying Ya Ya, a female giant panda that has lived in the United States for two decades, lands at Shanghai Pudong International Airport on April 27, 2023 in Shanghai, China.Vcg | Visual China Group | Getty ImagesFedEx shares…

An Olive Garden restaurant in Fremont, California, US, on Thursday, Sept. 14, 2023. Darden Restaurants Inc. is scheduled to release earnings figures on September 21.Bloomberg | Getty ImagesDarden Restaurants on Friday reported quarterly…

BRUSSELS, BELGIUM - NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament's Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo…

A customer exits the Macy's flagship department store in midtown Manhattan in New York City, U.S., December 11, 2023. Brendan Mcdermid | ReutersConsumers showed unexpected strength in November, giving a solid start to the holiday season as…

Shantanu Narayen, CEO, AdobeLinda Dimyan | CNBCAdobe shares dropped more than 6% in extended trading on Wednesday after the software maker posted a lighter-than-expected forecast for 2024.Here's how the company did, compared with consensus…

Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1,…

Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday.The producer price index, which measures a broad range of prices on final demand items, was unchanged…

Christine Lagarde, president of the European Central Bank (ECB).Bloomberg | Bloomberg | Getty ImagesFRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might start to…

A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021.Hollie Adams | Bloomberg | Getty ImagesLONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25%…

Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve.The consumer price index, a closely watched inflation gauge, increased 0.1%…

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018.David Paul Morris | Bloomberg | Getty ImagesOracle shares dropped more than 9% in extended…

The incoming head of one of the world's largest development banks says it must become faster and more efficient in order to finance priorities such as the climate transition and Ukraine rebuild.Nadia Calviño, Spain's finance minister and…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2023. Brendan Mcdermid | ReutersMarkets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge…

A UPS seasonal worker delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesNovember's solid jobs report did not assure that the economy will come in for a soft landing, but it…

The U.S. job market once again surprised to the upside in November, as strong growth in health care and a few other sectors helped the economy add nearly 200,000 jobs and push the unemployment rate down.Health care and social assistance…

Commuters arrive at the Oculus Center in Manhattan, New York City, on Nov. 17, 2022.Spencer Platt | Getty ImagesThe labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the U.S.…

Job creation showed little signs of a let-up in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy.Nonfarm payrolls rose by a seasonally adjusted 199,000 for the month,…

Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders.On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter's plans to try to…

Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey.Mike Calia | CNBCLululemon on Thursday said it saw strong third-quarter demand and a positive start to the holiday shopping season, but the retailer's shares…

Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China's Shanghai, Nov. 30, 2023.Xinhua News Agency | Xinhua News Agency | Getty…

LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report.British think tanks the Institute For Public Policy Research…

Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty ImagesAt a time when the economy is supposed to be slowing, Friday's jobs report is expected to show that…