February Jobs Report Shows Modest Gains
The February jobs report released on Friday showed slightly higher job gains and a rise in the unemployment rate to 4.1%, adding to investor concerns about the U.S. labor market and broader
Big Banks Brace for Rate Cuts as Q3 Earnings Season Begins
As the third-quarter earnings season kicks off, all eyes are on the largest U.S. banks, including JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup. Investors are eager for insights into how
Asia Manufacturing Stagnates Despite China’s October Rebound
In October, manufacturing activity across Asia remained largely stagnant, with only a mild boost from China’s recent economic measures. Despite Beijing’s efforts to revitalize its economy, other regional factories in countries like
Fed Officials Caution on Rates Amid Inflation Risks
Williams, Barkin emphasize patience as policy uncertainty grows New York Federal Reserve President John Williams said Monday that the current stance of U.S. monetary policy is “well positioned” for what the economy
US Markets Plunge Amid Escalating Trade War
Volatility rattled American assets on Monday as stocks extended their three-week decline to nearly 10%, driven by escalating trade tensions with Canada. The Canadian dollar weakened after President Donald Trump threatened additional
Americans Grow Anxious as Inflation and Job Fears Persist
Americans became more pessimistic about the economic outlook in February, even as their expectations for inflation remained largely unchanged, according to a report from the Federal Reserve Bank of New York released
Eurozone Inflation Surges to 2.5% in January
Eurozone inflation surged to 2.5% in January, marking its highest rate since July and remaining above the European Central Bank’s (ECB) medium-term target of 2% for the third consecutive month. Eurostat’s final
Berkshire Hathaway Earnings Surge Amid Record Cash Pile
Berkshire Hathaway shares surged nearly 4% on Monday after Warren Buffett’s conglomerate reported a 71% increase in operating earnings for the fourth quarter. The company’s operating profit, which includes earnings from wholly
U.S. Consumer Sentiment Falls Amid Inflation Concerns
American consumers reported a dimmer outlook on the economy in February as inflation expectations rose sharply for the second consecutive month, driven by uncertainty surrounding President Donald Trump’s trade policy. Consumer Sentiment
U.S. Job Openings Drop to 7.6M, Lowest Since September
Job openings in the U.S. fell sharply in December while hiring, voluntary quits, and layoffs remained steady, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) released Tuesday. Key
France’s Economy Contracts as Political Uncertainty Persists
France’s economy shrank 0.1% in the fourth quarter, according to preliminary data from INSEE on Thursday. The contraction follows 0.4% growth in the third quarter of 2024 and underscores the challenges facing
U.S. Jobless Claims Rise Slightly, Fed Rate Cuts Unlikely
What Happened The number of Americans filing new unemployment claims increased slightly last week, indicating continued strength in the labor market and reducing the likelihood of a Federal Reserve interest rate cut
U.S. Jobless Claims Rise Slightly as Trade Deficit Narrows
The number of Americans filing new unemployment claims rose slightly last week, signaling easing labor market conditions. Meanwhile, the U.S. trade deficit narrowed sharply in October as imports saw their largest drop
