Business

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC.Drew Angerer |…

Chicago Federal Reserve President Austan Goolsbee said Friday he's confident inflation can be tamed without a recession, even with additional interest rate increases likely.Speaking to CNBC following the release of the June nonfarm payrolls…

Filadendron | E+ | Getty ImagesThe overall U.S. unemployment rate declined in June, but a negative trend among Black workers may be emerging, according to the latest nonfarm payrolls report.Overall, the unemployment rate last month was…

Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market.Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, the Labor Department reported Friday. That compared to…

A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022.Olivier Douliery | AFP | Getty ImagesThe U.S. jobs market is still on fire, no matter how much effort policymakers put into cooling…

A pair of Levi's selvedge denim jeans arranged in Louisville, Kentucky.Luke Sharrett | Bloomberg | Getty ImagesLevi Strauss on Thursday drastically cut its profit outlook for the year after the apparel retailer reported a steep drop off in…

There were about half a million fewer job openings in May than the previous month, providing at least a modest sign that the ultra-tight labor market could be loosening a bit, the Labor Department reported Thursday.The closely watched Job…

A Now hiring sign at McDonald"u2019s restaurant in Yorba Linda, CA, on Monday, Sept. 13, 2021 offering pay from $15 an hour for new employees as signs around the region are getting the cold shoulder from workers reluctant to resume…

Qatar Airways logo is seen on a plane model.Nurphoto | Nurphoto | Getty ImagesQatar Airways announced record annual revenue Thursday after the company's finances were bolstered by the FIFA World Cup, which was hosted in Qatar last year.…

Sunak has reiterated his "total support" for the Bank of England and under fire Governor Andrew Bailey.STEFAN ROUSSEAU/POOL/AFP via Getty ImagesLONDON — In January, with one eye on a critical general election in 2024, U.K. Prime Minister…

Pixelcatchers | E+ | Getty ImagesIt's not an easy time to be a small business in search of financing. For LGBTQ owners, the struggle has been even harder.LGBTQ-owned businesses reported more rejections than non-LGBTQ businesses that applied…

Inflation pressures eased slightly in May as consumer spending slowed considerably, according to a Commerce Department report released Friday.The personal consumption expenditures price index, a number closely watched by the Federal…

A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty ImagesNike reported mixed fiscal fourth-quarter earnings on Thursday, as lower margins weighed on…

Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China.Ucg | Universal Images Group | Getty ImagesThe U.S. will enter a downturn in the fourth quarter, followed by a "year of…

David Leal installs a tailpipe on a vehicle at Muffler Pros on April 12, 2023 in Hollywood, Florida.Joe Raedle | Getty ImagesThe U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according…

Walgreens Boots Alliance on Tuesday slashed its full-year earnings guidance as it fell short of Wall Street expectations for its fiscal third quarter due to lower consumer spending and a drop in demand for Covid vaccines and testing.The…

Gita Gopinath, first deputy managing director of International Monetary Fund (IMF), spoke to CNBC at the ECB Forum in Portugal.Bloomberg | Bloomberg | Getty ImagesMajor central banks will have to keep interest rates high for much longer…

Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty…

Fresh PMI data came in below expectations and pointed to an economic slowdown.Bloomberg | Bloomberg | Getty ImagesBusiness activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary…

Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings that topped Wall Street's expectations,…

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 is "caught between a rock and a hard place" as it prepares for a key monetary…

Jim Casselberry, KnownSource: KnownBlack people in America won their personal freedom 158 years ago. Economic freedom, though, has been far more elusive.Veteran portfolio manager Jim Casselberry is trying to do something about that, using…

Houses pictured on 8th June 2023 in Halifax, United Kingdom. U.K. borrowers are facing sharply higher mortgage costs.Mike Kemp | In Pictures | Getty ImagesLONDON — U.K. borrowers are facing a cliff edge that could damage the economy as…

Dollar, yuan, yen and euro notes.Ullstein Bild Dtl. | Ullstein Bild | Getty ImagesFrom hawkish pauses to rate hikes and dovish tones, the world's biggest central banks last week struck very different tones on monetary policy.The European…

The inflation rate cooled in May to its lowest annual rate in about two years, the Labor Department reported Tuesday.The consumer price index, which measures changes in a multitude of goods and services, increased just 0.1% for the month,…

The U.K. Treasury building.Matthew Lloyd | Bloomberg | Getty ImagesLONDON — U.K. borrowing costs, as measured by the yield on short-dated government bonds, rose above levels last seen following Britain's market-destabilizing "mini-budget"…

Gas prices on a sign at a Shell gas station in San Francisco, California, US, on Tuesday, May 23, 2023.Bloomberg | Bloomberg | Getty ImagesInflation data from May will show that the price increases that have been bedeviling consumers for…

Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.Justin Sullivan | Getty ImagesOracle shares climbed as much as 5% in extended trading on Monday after…

Shell gas station prices are seen on May 30, 2023 in Austin, Texas.Brandon Bell | Getty ImagesConsumers are growing more optimistic that inflation is on the way down, according to a New York Federal Reserve survey released Monday.The…

A satellite image captured by a SkySat shows the breached Kakhovka dam in Ukraine on June 6, 2023.PlanetShares of Planet fell after the satellite-imagery and data-analysis company cut its annual revenue guidance following when it reported…