Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's chances at getting reelected, billionaire investor Stanley Druckenmiller said Tuesday.During an appearance on CNBC's "Squawk Box," the head of Duquesne Family Office who made his name betting against the British pound in the...
Category: Economy
Immigrant workers are helping boost the U.S. labor market
The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth.Immigrant workers made up...
BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
The BlackRock logo is displayed at the company's headquarters in New York City on Nov. 14, 2022.Leonardo Munoz | Getty ImagesAsset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia's Public Investment Fund, the kingdom's sovereign wealth fund.The...