No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Saudi Arabia is intensifying its focus on domestic investment, leading to increased requirements for foreigners seeking to invest capital outside…
Category: Economy
Weak manufacturing measures raise specter of U.S. economic slowdown
U.S. factories continued to operate at a slower pace in August, raising concerns about the direction of the economy, as…
U.S. job growth revised down by the most since 2009. Why this time is different
There is ongoing debate surrounding the significance of the 818,000 downward revisions to U.S. payrolls, the largest since 2009, and…
Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
The Federal Reserve will receive its final look at inflation data this week before deciding on a potential interest rate…
August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the…
German finance minister warns of retaliation if U.S. kicks off trade war
German Finance Minister Christian Lindner cautioned on Friday that a trade war initiated by the U.S. against the European Union…
Port strike could reignite inflation, with larger economic impact dependent on how long it lasts
A potential strike affecting ports along the East and Gulf coasts could lead to increased prices for various consumer goods,…
What Trump’s historic election victory means for the global economy
Donald Trump’s election victory over Vice President Kamala Harris is seen as a historic return to the White House, signifying…
No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
Shipping giant Maersk, a key indicator of global trade, has not observed signs of a U.S. recession as freight demand…