How Gautam Adani became the world’s fourth richest person while billionaires like Jeff Bezos lost tens of billions
In 2021, Gautam Adani was not on the top 10 list of the world's richest people. But in 2022, the Indian billionaire settled in behind...
Fed’s preferred gauge shows inflation accelerated even more than expected in August
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July.
Jobless claims hit five-month low despite Fed’s efforts to slow labor market
Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening.
Erdogan says Turkey will keep cutting interest rates, mocks British pound
Erdogan doubled down on his controversial monetary plan on Thursday, saying that he told central bank decision-makers to continue lowering rates.
Billionaire investor Ray Dalio says UK’s economic plan ‘suggests incompetence’
The financial market turmoil resulting from the U.K. government's spending plan "suggests incompetence," according to billionaire investor Ray Dalio.
Larry Summers blasts UK tax cuts as ‘utterly irresponsible’ and warns of possible contagion
Former U.S. Treasury Secretary Larry Summers said there were "hallmark" signs that the U.K.'s credibility had been lost.
New minimum tax could hit Berkshire Hathaway and Amazon hardest, study shows
The 15% minimum tax would impact around 78 companies, according to 2021 financial data, with Berkshire and Amazon paying the most.
Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy
Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, signaled optimism for the Fed's policies to temper inflation.