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WASHINGTON (AP) — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The unemployment rate dipped to 3.4%, matching a 54-year low, the Labor Department said Friday. The jobless […]
Fed likely to raise rate by 25 bps this week JPM buys most of First Republic Bank’s assets US manufacturing, construction spending improve May 1 (Reuters) – Gold gave up all of . . .
Washington, DC(CNN) Compensation for US workers picked up in the first three months of the year, showing that a major source of inflationary pressure persists. The Employment Cost Index, released Friday by the Bureau of Labor Statistics, showed that workers were paid 1.2% more in wages and benefits in the first quarter from the prior […]
German Feb industry output rises more than forecast Shell climbs on higher LNG output expectations Zurich Insurance is second firm to quit climate alliance April 6 (Reuters) – European shares edged higher on . . .
(CNN) The Philippines on Monday identified the locations of four new military bases the US will gain access to, as part of an expanded defense agreement analysts say is aimed at combating China. The four bases include three on the main island of Luzon, close to Taiwan, and one in Palawan province in the South […]
SINGAPORE/LONDON, April 3 (Reuters) – The dollar rose against other major currencies on Monday as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production targets further, with traders wagering the Federal Reserve may need to increase interest rates again at its next meeting.
Black Americans have been hired much more rapidly in the wake of the pandemic shutdowns than after previous recessions. But as the Federal Reserve tries to soften the labor market in a bid to tame inflation, economists worry that Black workers will bear the brunt of a slowdown — and that without federal aid to […]
The documentary series explores the inner workings of the global underworld. January 18, 2023, 11:18 AM ET • 5 min read The first hurdle to covering black markets is gaining access to a world operating under the radar by design. That’s no easy feat, according to Peabody Award-winning journalist Mariana van Zeller. “It takes a […]
An Hour Ago U.S. inflation in line with expectations at 6% U.S. inflation increased 0.4% on the month in February and 6% on the year, figures published at 12:30 p.m. London time showed. Both readings were in line with Dow Jones estimates. U.S. annual inflation was 6.4% in
The White House on Monday announced a highly anticipated agreement to provide Australia with nuclear-powered submarines and increase submarine patrols in an effort to bolster the defense capabilities of a major ally in the Indo-Pacific region as tensions rise with China. As part of the agreement, the U.S. will give at least three nuclear-powered Virginia-class submarines to […]