2023-12-08 17:10:34 Commuters arrive at the Oculus Center in Manhattan, New York City, on Nov. 17, 2022. Spencer Platt | Getty Images The labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the U.S. Department of Labor. The overall unemployment rate declined 0.2% to 3.7% last month, … Read more
2023-12-13 20:29:02 Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023. Kevin Lamarque | Archyde.com The Federal Reserve dialed back its inflation projections on Wednesday, seeing its … Read more
2023-11-07 15:38:58 Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation down without a … Read more
2023-11-03 17:13:44 People walk through downtown Manhattan in New York City on Dec. 2, 2022. Spencer Platt | Getty Images News | Getty Images The labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.’, according to data released Friday by the Department of Labor. The overall … Read more
2023-10-27 12:22:39 An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on its head the … Read more
2023-10-29 14:39:21 normal October 29, 2023 18:39 pm Private equity investment group Aurelius Group is in talks to buy the beauty products chain “The Body Shop,” which was put up for sale by its Brazilian owner, Natura & Co, according to what a source familiar with the talks revealed to Archyde.com.The source, who requested anonymity, … Read more
2023-10-23 21:16:22 Hossam Abdelnaby (Abu Dhabi) Local stock market indices reduced the pace of their declines in recent days, starting this week’s trading with good increases at the beginning of trading before closing with acceptable declines of 0.33% for the Abu Dhabi Securities Market index, and a decline of 0.57% for the Dubai Financial Market … Read more
2023-09-25 17:02:14 A farmer cutting a cocoa pod to collect the beans inside on a farm in Azaguie, Ivory Coast, on Friday, Nov. 18, 2022. Bloomberg | Bloomberg | Getty Images Surging prices for soft commodities, from orange juice to live cattle, are complicating the inflation picture. A host of agricultural commodities have climbed in … Read more