Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an expected quarter percentage point rate cut from the Federal Reserve in a week. The consumer price index,...
Draghi urges radical European Union reform requiring extra 800 billion euros a year
Italian Prime Minister Mario Draghi during the press conference at the Multifunctional Hall of the Prime Minister on July 12, 2022 in Rome, Italy. Massimo Di Vita | Mondadori Portfolio | Getty Images The European Union needs up to 800 billion euros ($884 billion) in additional investment per year...
Europe’s economy survived ‘terrible prophecies’ but must now tackle trade with China: EU’s Gentiloni
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,...
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...