The Nasdaq and the S and P 500 retreated from their record-high levels to close Thursday with losses and ending their seven consecutive trading days of winning streak.

The S and P 500 climbed to an all-time high level of 5,642.45 points during the se…

High inflation levels prove to be persistent in some frontier markets, less advanced economies in the developing world, the Fitch Ratings said Thursday in a statement.

“Annual inflation rates in Frontier Markets (FM) have generally moderated in recen…

The US posted a federal budget deficit of $66 billion in June, according to Treasury Department figures released Thursday.

For June, total receipts, or income, were around $466 billion against total outlays, or spending, of $572 billion.

For receipt…