Economic News
-
Wall Street recovers some of the week's losses after AI stocks swing back upward
U.S. stocks are recovering some of their losses for the week, as the roller coaster for AI companies turns back upward
-
Citing fallout from Iran war, World Bank cuts forecast for global economic growth
The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday
-
US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices
-
Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week
The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war
-
US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds
U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran
-
European Central Bank raises interest rates by a quarter-percentage point to combat inflation from the Iran war
European Central Bank raises interest rates by a quarter-percentage point to combat inflation from the Iran war
-
Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon ties
Saudi Arabia has ended its five-year ban on Lebanese imports, a significant move to rebuild relations between Lebanon and Gulf countries
-
Reactor reboot at world's largest nuclear plant highlights flaws in Japan's radioactive waste plans
A reactor at the world’s largest nuclear power plant in Japan has resumed operations
-
G7 summit at Swiss-French border brings tight security in case violent protests occur
French and Swiss authorities are imposing pandemic-like border restrictions as the G7 summit begins
-
Foreign workers say they were paid less than $2 an hour to build a new US Consulate in Milan
Foreign workers building a sprawling $350 million American Consulate in Milan say they were paid less than $2 an hour after being promised fair wages
- More Economic News »




