Business

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…

Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China.Ucg | Universal Images Group | Getty ImagesThe Chinese economy still has a "steep hill to climb" despite a surprise pickup in…

A member of the public walks through heavy rain near the Bank of England in May 2023.Dan Kitwood | Getty Images News | Getty ImagesLONDON — The Bank of England on Wednesday warned that although household finances are faring better than…

Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, payrolls processing firm ADP reported Wednesday.Companies added just 103,000 workers for the month, slightly below the…

The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending is among the biggest risks of that occurrence, according to economist Carl Weinberg."Consumers are just waking up to the fact that…

Cityscape of Saudi capital Riyadh.Harri Jarvelainen Photography | Moment | Getty ImagesDUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters in…

Workers at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty ImagesJob openings tumbled in October to their lowest in 2½ years, a sign that the historically tight…

People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021.Source: NasdaqGitLab stock jumped as much as 18% in extended trading on Monday after the developer-tools software maker announced fiscal third-quarter results and quarterly…

Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they're willing to spend on fragrances, skin care and more even when the budget is tight.The…

Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to a data release Thursday.The…

Nuuly warehouseNatalie RiceUrban Outfitters' clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the…