Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1.655 million Productivity accelerates at 3.0% rate in fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market …
US weekly jobless claims at nine-month low; productivity accelerates Read More »
BEIRUT, Jan 31 (Reuters) – Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years. The shift from the old rate of 1,507 to 15,000 is …
Lebanon to devalue currency by 90% on Feb. 1, central bank chief says Read More »
McDonald’s warns of short-term inflation pressures US labor costs growth slows in fourth quarter Fed decision on interest rates on Wednesday GM up on robust forecast, Caterpillar hit by lower Q4 profit Indexes up: Nasdaq 0.48%, S&P 0.33%, Dow 0.07% Jan 31 (Reuters) – Wall Street rose on Tuesday as wage growth data indicated that …
Wall Street buoyed by easing inflation concerns ahead of Fed decision Read More »
Apple, Alphabet, Amazon slide ahead of earnings Fed decision on interest rates on Wednesday J&J falls after US court rejects talc-lawsuit strategy Indexes down: Dow 0.77%, S&P 500 1.3%, Nasdaq 1.96% NEW YORK, Jan 30 (Reuters) – Major US stock indexes sank on Monday, weighed down by declines in technology and other megacap shares, as …
Tech, megacaps drag Wall St to lower close as big market week kicks off Read More »
WELLINGTON, New Zealand, Jan 30 (Reuters) – More than 30 years ago, some relatively youthful central bank and Treasury economists in New Zealand were grappling with how to bring two decades of double-digit inflation under control in an economy less than 1% the size of its US counterpart. What if, they asked, they just told …
The mouse that roared: New Zealand and the world’s 2% inflation target Read More »
Jan 30 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. It looks like a quiet start to the week in Asia on Monday, but don’t be fooled – it may be the calm before the storm. A raft of regional economic indicators including Japanese unemployment and PMIs from China, …
Consumer spending falls 0.2% in December Personal income increases 0.2%; savings rate rises to 3.4% Core PCE price index gains 0.3%; up 4.4% year-on-year WASHINGTON, Jan 27 (Reuters) – US consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation continued to …
US consumer spending ends 2022 on weaker footing; slow inflation Read More »
Jan 27 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Spurred by a solid rally on Wall Street after upbeat US economic growth data on Thursday, Asian stocks on Friday are set to continue their remarkable run and chalk up a fifth weekly rise in a row. Investors are …
NEW YORK, Jan 26 (Reuters) – The amount of money sloshing around the US economy shrank last year for the first time on record, a development that some economists believe bolsters the case for US inflation pressures continuing to abate. The Federal Reserve’s main measure of the nation’s money stock – known as M2 money …
US inflation roller coaster prompts fresh look at long-ignored money supply Read More »
US economy posts strong Q4 growth Weekly jobless claims fall IBM warns of softening growth in businesses Chevron to bump up share buybacks Indexes up: Nasdaq 1.16%, S&P 0.54%, Dow 0.17% Jan 26 (Reuters) – US stock indexes rose on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped …
Wall St climbs on soft landing hopes, Tesla boost Read More »
