The Latest Breaking News from Economy

Piracy off the Somali coast peaked in 2011, when 237 attacks were reported. Somali piracy in the region in 2011 cost the world’s economy €6 billion, with €138 million paid out in ransoms.

Bridgewater Associates founder Ray Dalio is skeptical of the U.S. economy despite a soaring stock market and rising GDP, and his flaws point to future economic challenges if they are not addressed.

Zohran Mamdani, Abigail Spanberger and Mikie Sherrill focused their messages on the economy, but structural problems endure

The average American is growing more pessimistic about the economy, as a key sentiment index fell to its lowest level since June 2022, marking one of the bleakest readings since the survey’s inception in 1952. But there's a twist: wealthy Americans are actually feeling better than ever, buoyed by soaring…