Investors are debating whether the jobs market’s resilience will prompt worrisomely tight Fed policy or is a sign that the economy can skirt a recession.
Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote.
Banks need to do more higher-yielding lending, but also have to be wary of the risks.
Charlotte, N.C.-based Albemarle, which began as a paper mill in 1887, has become a key cog in a tight global supply chain for battery metals used in electric cars and smartphones.
Consumer prices in the eurozone were 6.1% higher in May than a year earlier. A pause after an expected rate rise in June would give the central bank time to study the impact of its recent tightening.
AI made Nvidia the world’s most valuable chip maker. So did three guys sipping diner coffee and planning to conquer markets that barely existed.
Young people are turning their noses up at skilled positions like engineers and geologists in an industry beset by an aging workforce.
The C919 jet, made by a state-owned manufacturer, completed its first commercial flight. But Western rivals still supply most of China’s planes.
The rate of price increases slowed to an annual rate of 6.1 percent in May, but food costs continued to keep inflation uncomfortably high.
Oil prices have slid to a critical level for Saudi Arabia, setting up a showdown between the cartel and speculators.