Julia Horowitz

Europe's economy avoided a recession over the winter, picking up pace slightly in the first quarter of 2023 despite Russia's war in Ukraine and sizable interest rate hikes aimed at

If my bank fails, how much of my savings will I get back?

(CNN) — Huge disruptions will rock the global job market over the next five years as the economy weakens and companies boost adoption of technologies such as artificial intelligence. That finding comes from the World Economic Forum, which on Sunday published a report based on surveys of more than 800 companies. WEF — which hosts a […]

The Federal Reserve is widely expected to raise its benchmark interest rate again on Wednesday, lifting it above 5% for the first time since 2006 as it works to bring down stubborn inflation.

JPMorgan Chase's rescue of First Republic Bank in the United States this week didn't herald the end of the banking crisis.

US regional bank stocks look set to rebound Friday but are still down sharply this week, accentuating fears that federal regulators have not yet contained a crisis in the sector that could shake the financial system.

When the Federal Reserve embarked on an aggressive campaign to quash inflation last year, it did so with the goal of avoiding a painful repeat of the 1970s, when inflation spun out of control and economic malaise set in.

The United States isn't the only country that puts a limit on how much money its government is allowed to borrow. But it is the only nation regularly pushed to the brink of a political and economic crisis as a result.

The political unrest that's engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country's economic crisis.

Questions swirl about the strength of China's recovery from Covid lockdowns, and there's talk of recession in the United States. Yet Europe's economic prospects have brightened in recent months, according to the European Commission.