Economy

New York CNN  —  Sam Bankman-Fried, the founder of failed crypto exchange FTX, was arrested in the Bahamas on Monday after US prosecutors filed criminal charges against him, according to a statement from the government of the Bahamas. The Southern District of New York,…

Data: Data: Deloitte CFO Signals; Chart: Axios VisualsAs the global economy roils from what feels like a relentless series of economic and geopolitical shocks — the era of the polycrisis — executives at some of the world's biggest companies are increasingly anxious.Why it matters: Nervous business leaders are proceeding more cautiously. That…

‘The Claman Countdown’ panelists Brian Jacobsen and Paul Dietrich discuss the hires and layoffs rate. The number of foreign-born workers declined slightly in September from a month ago, though employment among foreign-born workers remains near the highest level in over a decade. The Labor Department's Bureau of Labor Statistics (BLS)…

By Caroline Valetkevitch NEW YORK (Reuters) -The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak. U.S. job gains increased in September by the most in six months, and the unemployment rate fell…

By Ann Saphir(Reuters) -A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a debate over whether the policy rate ends up at a higher level than previously expected.A Labor Department report on Friday showed employers added…

By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy likely maintained a moderate pace of job growth in September while the unemployment rate is expected to have held steady at 4.2%, which would further reduce the need for the Federal Reserve to deliver large interest rate cuts in its final two meetings of the year. The labor market,…

French President Emmanuel Macron has warned that the EU "could die" as he issued a warning about over-regulation and under-investment. Speaking at the Global Dialogue event, Macron expressed grave concerns about the EU's economic competitiveness compared to China and the United States."The EU could die, we are on a verge of a very important…

By Jihoon Lee SEOUL (Reuters) - South Korea's consumer inflation cooled more than forecast in September and below the central bank's target for the first time since early 2021, amid growing expectations of an imminent policy easing. The consumer price index (CPI) rose 1.6% in September from a year earlier, after a rise of 2.0% in August, data…

China’s stimulus package unveiled in the run-up to a holiday marking 75 years of the People’s Republic was greeted as a gift by ecstatic domestic investors. Now foreign investors need to decide whether to join the party.The package, which targeted the country’s depressed stock and property markets, helped drive the benchmark equity index up 24…

According to this week’s release from the commerce department, the US economy has been growing at its fastest pace in almost 40 years. Corporate profits are their highest in 70 years. And the stock market, although gyrating wildly of late, is still scoring record gains.So why do most Americans remain gloomy about the economy? Mainly because…