RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia's finance minister said, expressing particular concern over lower income countries as well as what he described as rapidly growing global fragmentation. "I think globally, the serious, serious issue that we need to watch is sovereign debt issues, particularly in

Ray Dalio speaking with CNBC at the Future Investment Initiative in Riyadh, Saudi Arabia, on Oct. 30, 2024. CNBC A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape strife with what he views as irreconcilable differences between both Democratic and Republican parties. Speaking at the Future Investment

Ray Dalio speaking with CNBC at the Future Investment Initiative in Riyadh, Saudi Arabia, on Oct. 30, 2024. CNBC A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape rife with what he views as irreconcilable differences between both Democratic and Republican parties. Speaking at the Future Investment

The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown. Gross domestic product, a measure of all the goods and services produced during the three-month period from July through September, increased at a 2.8% annualized rate

Passers-by walk in the pedestrian zone of the Bavarian capital. Peter Kneffel | Picture Alliance | Getty Images Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print, announced by German statistics office Destatis

An employment sign is seen on the window of a T-Mobile store on August 02, 2024 in New York City.  Michael M. Santiago | Getty Images Private-job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday.

People walk down the iconic Alcalá street on a very hot afternoon in Madrid, Spain. Miguel Pereira | Getty Images News | Getty Images The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union's statistics agency showed Wednesday. Economists polled by Reuters had expected growth of 0.2%. following

People walk down the iconic Alcalá street on a very hot afternoon in Madrid, Spain. Miguel Pereira | Getty Images News | Getty Images The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union's statistics agency showed Wednesday. Economists polled by Reuters had expected growth of 0.2%. following

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board's consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. Along with that, the

Human resources and technology concept for AI augmenting team work. Leowolfert | Istock | Getty Images The rise of artificial intelligence (AI) has been stunning in both its speed and impact. According to data from Goldman Sachs, investment in AI is expected to reach $100 billion in the U.S. and $200 billion globally by next