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Russia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund.Russia is expected to grow 3.2% in 2024, the IMF said in its latest World Economic Outlook published Tuesday, exceeding the forecast growth rates for the world's advanced economies, includi...

The Google office in New York on February 2, 2023.Ed Jones | Afp | Getty ImagesAllison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of looking f...

Alef Aeronautics, which is based in San Mateo, California, said preorder numbers recently hit a fresh record after previously reporting 2,500 preorders for its two-seater flying car, the Alef Model A.Alef is planning to charge customers $300,000 for the Model A when it becomes commercially available — on 2,850 preor...

The nation's debt now stands at nearly $34.4 trillion, as of Wednesday.Since June, the last two $1 trillion jumps occurred in about 100 days.The U.S. Treasury building in Washington, D.C., on March 13, 2023.Al Drago | Bloomberg | Getty ImagesThe debt load of the U.S. is growing at a quicker clip in recent months, in...

Younger generations grew their wealth much faster than older Americans after the pandemic began, thanks largely to stocks, according to a new study.The total wealth of Americans under 40 surged by 80%, to $9.5 trillion, between the first quarter of 2019 and the third quarter of 2023, according to a study by the New ...

People shop in a supermarket in the Manhattan borough of New York city on January 27, 2024.Charly Triballeau | AFP | Getty ImagesThe prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday.Updates to the consu...

In January, Turkish inflation logged its biggest monthly jump since August with a 6.7% rise from December, while year-on-year inflation hit nearly 65%.Food, beverages and tobacco, as well as transportation, all increased between roughly 5% and 7% month on month, while housing was up 7.4% since December.The figures c...

UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically.The company also announced 12,000 layoffs as part of an effort to align resources in 2024.UPS's 2024 outlook expects revenue to range from $92 billion to $94.5 billion,A United Parcel Se...

Turkey's central bank on Thursday hiked its key interest rate to 45%, in line as expected.Inflation in Turkey increased to 64.8% year-on-year in December, up from 62% in November.Meanwhile, the country's currency, the lira, hit a new record low against the U.S. dollar earlier in January, breaking 30 to the greenback...

The global economic outlook is "fraught with uncertainty," according to the World Economic Forum's latest survey of chief economists.Some 56% of the economists questioned said they expect the global economy to weaken in 2024."About 87% [of respondents] expect recent geopolitical developments to stoke global economic...

View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one of the main lakes that supplies water to the locks of the Panama Canal and is at its lowest level of recent years.Luis Acosta | Afp | Getty ImagesThe...