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An Indian tycoon just ousted Jeff Bezos as world’s second-richest person

Elon Musk, still the No. 1 wealthiest person with $260 billion to his name, may need to watch his back. Adani has taken...

3 ways China and Russia are forging much closer economic ties

When they last met, in February in Beijing during the Winter Olympics, they proclaimed their friendship had "no limits." Since then, Russia has...

Analysis: China’s economy is in bad shape and could stay that way for a while

The world's second biggest economy is grappling with the impact of severe drought and its vast real estate sector is suffering the consequences...

‘We need to act right now’: Fed Chairman Powell vows to continue aggressive inflation fight

"The Fed has, and accepts, responsibility for price stability," he said at the Cato Institute's 40th Annual Monetary Conference. "We need to act...

Weekly jobless claims fall again, underscoring tight job market

The initial weekly claims figure, which is at its lowest level in just over three months, is below the previous week's downwardly revised...

Lower gas prices push consumer confidence to highest level since May

The Conference Board's monthly snapshot of consumer attitudes improved, rising to 103.2 from July's downwardly revised 95.3. The August number matches the level...

The US economy had more job openings than expected in July

The number of open positions ticked up unexpectedly in July, with around 11.2 million jobs available, slightly higher than June's revised total of...

From energy to drinking water, China has lots to fix in its economy

The new measures announced by China's cabinet on Wednesday amount to more than 1 trillion yuan ($146 billion) in funding to improve infrastructure,...

The US economy didn’t get the recession memo

The brutal GDP report released on July 28, showing the economy had contracted for a second quarter in a row, led some to...

Inflation, explained: Why prices keep going up and who’s to blame

Let's start with the simplest version: Inflation happens when prices broadly go up. That "broadly" is important: At any given time, the price...

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