US job openings hit 3-1/2-year low as labor market eases
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but the reduction on its own is…
Editor’s Pick
2531 posts
US equity funds see major outflows on growth concerns
(Reuters) – U.S. equity funds experienced their largest weekly outflow in 12 weeks by Sept. 4, driven by heightened investor anxiety about the economic outlook as they awaited crucial labor…
Global equity funds see outflows on growth worries; jobs data awaited
(Reuters) – Global equity funds experienced their first weekly outflow in four weeks in the week to September 4, as cautious investors pulled back on concerns about global economic growth…
US IRS enforcement efforts recover $1.3 billion in unpaid taxes, Treasury says
WASHINGTON (Reuters) – The U.S. Treasury and Internal Revenue Service said on Friday that they have recovered $1.3 billion in unpaid taxes from wealthy individuals under new enforcement initiatives funded…
Wall Street reacts to today’s NFP report: 25 or 50bps cut by the Fed?
The U.S. Bureau of Labor Statistics (BLS) reported that nonfarm payrolls increased by 142,000 in August, a figure that fell short of the anticipated 161,000 jobs. The report also highlighted…
Putin thanks Saudi Arabia’s MbS for helping major US-Russia prisoner swap
VLADIVOSTOK, Russia (Reuters) – Russian President Vladimir Putin said on Thursday that he was grateful to Saudi Arabia’s Crown Prince Mohammed bin Salman for helping to organise the biggest U.S.-Russian…
Instant view: August US payrolls short of expectations, boosts bigger rate cut view
NEW YORK (Reuters) – STORY: U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested an orderly labor market slowdown continued and…
Durov says Telegram will tackle criticism of how it moderates content
By Mark Trevelyan and Martin Coulter LONDON (Reuters) – Telegram boss Pavel Durov said on Friday that the messaging app would tackle criticism of its content moderation and remove some…
Waller signals Fed is open to bigger cuts
Federal Reserve Governor Christopher Waller said today that the current economic data warrants action, suggesting that the Federal Reserve is fully prepared to cut rates. While speaking at the University…
Citi ‘increasingly convinced’ that the Fed will cut rates by 50 bps in September
The U.S. economy reported an increase of 142,000 new jobs in August, falling short of the anticipated 160,000 jobs. Despite the modest job creation, the unemployment rate remained virtually unchanged…