Global Billionaire Count Jumps by 287 as Total Wealth Climbs to $15.8 Trillion
The number of dollar billionaires worldwide rose by 287 over the past year, reaching 2,919 individuals as total global billionaire wealth expanded 13% to $15.8 trillion.
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Track the pace of economic expansion and contraction across the globe. This section covers GDP releases, forecasts, recession risks and sector-level performance. We explain what growth numbers mean for businesses, investors and policymakers, giving readers a clear understanding of how economic momentum or slowdown affects markets, employment and future prospects.
Fed Cuts Rates by 0.25%, Signals Two More Reductions Amid Labor Market Concerns
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.