The European Union has successfully avoided the "terrible prophecies" that threatened its economy in recent years, but must still contend with Russia's war in Ukraine and a tenuous trade relationship with China, outgoing European Commissioner for Economy Paolo Gentiloni said Saturday. The bloc's economy underwent "overall a weak growth,...
Volvo Cars cuts margin and revenue aims after ditching 2030 electric vehicle target
A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting...
ETFs are on pace to break record annual inflows, but this wild card could change it all
Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end. "With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder...
Unemployment among Black workers falls in August, bucking trend from other groups
An attendee takes information about a California State job at a City Career Fair hiring event in Sacramento, California, on June 5, 2024. David Paul Morris | Bloomberg | Getty Images The unemployment rate for Black workers fell in August, according to data released Friday by the Department of...