Turkish President Recep Tayyip Erdogan rebuffed calls from NATO allies to quickly ratify Sweden’s membership in the military alliance, saying his country can’t trust a country where “terrorists roam free in its streets.”
A solid employment report with stronger-than-expected wage growth for June keeps the Federal Reserve on track to raise interest rates this month and mull another hike as soon as September.
Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers are on a “golden path” to ease price growth without triggering a recession in the world’s biggest economy, as data out Friday showed a slowdown in what remains a strong labor market.
Ukraine plans to nationalize Sense Bank, one of the country’s systemically important lenders, from its Russian owners as early as next week, according to a person familiar with the matter.
Six more women have approached the Financial Times with allegations of sexual assault or harassment against Crispin Odey, according to a report Friday.
Bond investors got limited relief from June employment data showing a slowdown in job creation, as robust wage growth helped send 10- and 30-year Treasury yields to their highest levels of the year.
Bank of England rate-setter Catherine Mann said there is evidence of UK inflation becoming embedded and that price growth is taking longer to ease back than it did to jump.
Brazil’s lower house approved a proposal to overhaul the country’s labyrinthine tax rules, fueling a rally in the local stock and currency markets.
A look beneath solid headline jobs numbers shows some cracks are starting to form in the US labor market. Here are the signs:
The unemployment rate for African Americans jumped for a second straight month in June as workers left the workforce amid early signs of a cooling labor market.
