CNBC Economy

The financial market turmoil resulting from the U.K. government's spending plan "suggests incompetence," according to billionaire investor Ray Dalio.

Former U.S. Treasury Secretary Larry Summers said there were "hallmark" signs that the U.K.'s credibility had been lost.

The 15% minimum tax would impact around 78 companies, according to 2021 financial data, with Berkshire and Amazon paying the most.

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, signaled optimism for the Fed's policies to temper inflation.

The Bank of England voted to raise its base rate to 2.25% from 1.75% Thursday, lower than the 0.75 percentage point rise that had been expected by many traders.

Ukraine's counteroffensive, which has seen vast swathes of Russian-occupied territory get recaptured, could be compounding Russia's economic troubles.

Hispanic workers have been disproportionately affected by past recessions and the next one will likely be no different, according to Wells Fargo.

Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change.

The economy is on the brink of a serious downturn if the Fed doesn't pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.

The producer price index, a gauge of prices received at the wholesale level, declined 0.1%, according to a Bureau of Labor Statistics report.

Rather than fuel, it was food, shelter and medical services that drove costs higher in August, slapping a costly tax on those least able to afford it.

The consumer price index for August was expected to decrease 0.1% from the previous month and increase 8% from a year ago, according to Dow Jones.

The U.S. Federal Reserve could be forced to pivot away from its path of aggressive interest rate hikes in three stages, according to author Nomi Prins.

Respondents to the New York Fed survey indicated they expect the annual inflation rate to be 5.7% a year from now.

Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse.

"We're coming out of an extraordinary period that's not been seen before in history," Moody's William Foster told CNBC.

The August jobs report showed the U.S. unemployment rate rise across the board. Black workers' labor force participation fell during that time.

Quiet quitting, an anti-hustle culture trend, is growing more popular, especially among Gen Zers, with some experts seeing a link to the Great Resignation.

Nonfarm payrolls were expected to increase 318,000 in August, according to Dow Jones estimates.

Professional and business services and health care were bright spots for the labor market in August.