Global money managers funneled nearly $1 trillion into U.S. financial assets in the first half, signaling the American economy is primed to dominate post-COVID markets.
Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing economic rivalry between the two largest Arab economies which only looks set to intensify, several regional analysts said.
The U.S. economy added 559,000 jobs in May and the unemployment rate dropped to 5.8 percent, the Labor Department said in its monthly labor assessment Friday.
New analyses show the road to net-zero emissions by 2050 comes with significant but poorly understood economic and environmental costs. While efforts to quantify these impacts are starting to take shape, concerns are mounting over how to source the building blocks for the green economy.
Americans increased their spending by 0.5 percent in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks.
