People walking the streets of Montmartre, Paris, France on April 23, 2024. Photo only | Photo only | Getty Images According to flash figures published on Tuesday, price increases in the euro area remained stable at 2.4% in April, while the economy returned to growth in the first quarter. Headline inflation of 2.4% was in…
Saudi Arabia’s economy minister dismissed recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert project on the Red Sea coast, is scaling back some of its plans. “All projects are progressing at full speed,” Faisal Al Ibrahim told CNBC’s Dan Murphy at the World Economic Forum’s special meeting in Riyadh on Monday….
A crucial question hangs over the American economy and this fall’s presidential election: Why are consumer prices still rising uncomfortably quickly, even after a sustained campaign by the Federal Reserve to slow the economy by raising interest rates? Economists and policy experts have offered several explanations. Some are essentially idiosyncrasies of the current economic situation,…
Borge Brende, president of the World Economic Forum, gave a bleak outlook on the global economy, saying the world faces a decade of low growth unless the right economic measures are taken. Speaking on Sunday at the WEF’s “Special Meeting on Global Cooperation, Growth and Energy for Development” in Saudi Arabia, he warned that global…
A customer shops for groceries at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images The final inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is particularly good. Overall, Commerce Department indexes,…
Heading into 2024, investors expected the Federal Reserve to cut interest rates significantly this year due to cooling inflation. But the price increases have been surprisingly persistent, forcing Wall Street to rethink. Investors and economists are wondering when and to what extent Fed policymakers will be able to cut interest rates – and some are…
Inflation showed little sign of abating in March, with a key barometer closely watched by the Federal Reserve showing price pressures remaining elevated. The price index of personal consumption expenditures excluding food and energy rose 2.8% in March from a year earlier, the same as in February, the Commerce Department reported Friday. That was above…
The U.S. economy remained robust earlier this year, with a strong labor market leading to robust consumer spending. The problem is that inflation has also been resilient. Inflation-adjusted gross domestic product rose 1.6 percent annually in the first three months of the year, the Commerce Department said Thursday. That was a significant decline from the…
U.S. economic growth was much weaker than expected at the start of the year and prices rose faster, the Commerce Department reported Thursday. According to the ministry’s Bureau of Economic Analysis, gross domestic product, a broad measure of goods and services produced in the January-March period, rose a seasonally adjusted 1.6% on an annual basis….
When the NFL took its college draft on the road a decade ago, its first stops were Chicago, Philadelphia and Dallas, three of the league’s largest markets. The concept was an immediate success, transforming a show that had been staged in Manhattan hotels and theaters for half a century into a free, three-day soccer festival…
