CNBC Economy

Jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4.

He called "Bidenomics" a failure and said consumers are paying the price in terms of higher inflation.

The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.

The government predicts that the influx of immigrant workers will grow gross domestic product over the next decade by $7 trillion.

The unemployment rate for Black Americans slid in April, bucking the trend in other demographic groups.

Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.

Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.

The Bureau of Labor Statistics report drops at 8:30 a.m. ET.

The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.

The new platform will be called BlackRock Riyadh Investment Management, or BRIM.

Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.

Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.

"For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale," Saudi Economy Minister Faisal Al Ibrahim told CNBC.

Higher prices have weighed on customers in an array of industries that interact with consumers.

The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.

Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.

The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.

Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy.

The last batch of inflation news that Federal Reserve officials will see before their meeting next week is in, and none of it is very good.

The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.