Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues. Real gross domestic product is now expected to grow 0.8% this year, a dramatic … Read more
An Impulse employee works on assembling a Mira vehicle. Impulse Space Los Angeles-based space startup Impulse, which is led by renowned rocket specialist Tom Mueller, has raised $150 million in a new fundraising round led by venture capital firm Founders Fund. Impulse is scaling a product line of orbital transfer vehicles — colloquially known as … Read more
Visitors pass shops on a pedestrianized street in the old town in A Coruna, Spain, on Thursday, Sept. 26, 2024. Manaure Quintero | Bloomberg | Getty Images Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was … Read more
Charles Schwab CEO Walt Bettinger is retiring from his role at the end of December after 16 years leading the brokerage firm, the company announced Tuesday. Bettinger will be replaced on Jan. 1, 2025, by Charles Schwab President Rick Wurster. Bettinger will remain as the co-chair of Schwab’s board. Stock Chart IconStock chart icon Charles … Read more
BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images) Joan Cros Garcia – Corbis | Corbis News | Getty Images Mastercard said Tuesday that it’s agreed to acquire Minna … Read more
Moyo Studio | E+ | Getty Images Exchange-traded funds have steadily gained popularity among investors in recent years — a trend experts say is largely due to advantages like lower tax bills and fees relative to mutual funds. The first ETF debuted in 1993. Since then, ETFs have captured about $9.7 trillion, according to Morningstar … Read more
A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City. Spencer Platt | Getty Images News | Getty Images A massive dockworker strike at seaports on the U.S. East and Gulf coasts is expected to wreak havoc on global supply chains and the economy, … Read more
With about a month to go until the 2024 presidential election, investors are bracing for potential volatility in the markets amid uncertainty over whether former President Donald Trump or Vice President Kamala Harris will win in November. “It’s really important that everyone remembers that there is a lot of noise, there’s a lot of volatility … Read more
Mark Rutte, incoming secretary general of the North Atlantic Treaty Organization (NATO), during a transition ceremony at the NATO headquarters in Brussels, Belgium, on Tuesday, Oct. 1, 2024. Mark Rutte, the affable and meticulous former Dutch premier, has a daunting task ahead to keep the defense alliance a global force. Bloomberg | Bloomberg | Getty … Read more
(AP) — A Kentucky lawman stepped down Monday as sheriff of the county where he’s accused of walking into a judge’s chambers and killing him in a shooting that stunned their Appalachian community. Shawn “Mickey” Stines’ departure from the Letcher County sheriff position after a long career in law enforcement was described as a retirement by one of … Read more
