August's US jobs report revealed a significant hiring slowdown, with only 22,000 jobs added, far below expectations. This follows a downward revision for June, showing a job loss. The unemployment rate rose slightly to 4.3%, still historically low. This weak report fueled market expectations of an imminent interest...
U.S. employers added only 22,000 jobs in August, a significant slowdown from July's 79,000. The unemployment rate rose to 4.3%, the highest since 2021. This follows a disappointing July report that led to the firing of the BLS head by President Trump. Factories and construction sectors shed...
Friday's August jobs report is crucial for investors, with expectations of around 75,000 jobs added. A 'Goldilocks' number—not too hot, not too cold—is desired to justify a September rate cut without fueling recession fears. The report's significance is heightened by the recent firing of the BLS commissioner, raising...
Two courts have ruled President Trump's tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA) illegal. If the Supreme Court upholds this, the government may owe hundreds of billions of dollars in refunds to importers. These refunds would impact the revenue Trump relied on for his...
Goldman Sachs predicts gold prices could surge to nearly $5,000 per ounce. This dramatic increase would occur if the Federal Reserve lost its independence, causing investors to move a small part of their Treasury holdings into gold. Analysts believe a weakened Fed would lead to higher inflation, lower...
China's stock market has seen a rapid $1.2 trillion surge since August, prompting regulators to consider cooling measures. Concerns about a potential market crash and heavy losses for retail investors are driving the consideration of options like lifting short-selling restrictions and curbing speculative trading. These measures are currently under...
India's government announced tax cuts on hundreds of consumer goods, from air conditioners to cars, to boost spending and counter the impact of US tariffs. These new tariffs, totaling 50%, threaten $48.2 billion in Indian exports to the US. The reduced goods and services tax (GST) will have...
President Trump's criticism of the Federal Reserve is causing concerns about inflation and economic instability. This uncertainty is boosting gold prices to record highs above $3,500 an ounce. The three-year gold rally is fueled by central bank purchases and global economic anxieties. Many believe the Fed will...
US job openings dropped to 7.2 million in July, down from 7.4 million in June, signaling a cooling labor market. This decline, below economist predictions, follows a peak of 12.1 million in March 2022. Healthcare and retail sectors saw significant job opening reductions. While layoffs increased slightly, quitting...
Job openings in the US dropped to 7.18 million in July, the lowest since September 2024 and a level rarely seen since the Covid-19 pandemic. This data, from the Bureau of Labor Statistics, fuels concerns about a cooling labor market. The number is only the second time it's...
