The low-end consumer ‘is really being stretched,’ says Five Below CEO
U.S. consumers may still be feeling the effects of inflation for quite some time, according to Five Below CEO Joel Anderson.
Young job seekers are finding it tougher to find employment, despite a bustling labor market: ‘It was brutal’
Worries are growing that the labor market is beginning to show cracks, particularly for younger aspirants.
Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
Private job creation slowed more than expected in May, signaling further slowing in the labor market.
Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion
The sprawling shopping complex is already home to 1,200 stores, 200 food and beverage outlets, an aquarium, a skating rink, and indoor amusement parks.
Job openings fell again in April, hitting lowest level since February 2021 in a sign of labor market weakening
Job openings fell more than forecast in April, signaling a potential weakening in the labor market.
Turkey’s inflation passes 75% in what economists believe is peak
Inflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease.
OPEC+ oil group awaits concrete interest rate cuts before factoring impact on demand: Saudi energy minister
Expectations have mounted over the timeframe and number of rate cuts likely to be carried out by global central banks.
The Fed’s preferred inflation measure rose 0.2% in April, as expected
The personal consumption expenditures price index for April was expected to show an inflation rate of 2.7% over the past 12 months.
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
The European Central Bank is widely expected to cut interest rates next week.