UBS expects the Federal Reserve to raise interest rates twice this year after a stronger-than-expected August jobs report reinforced expectations of a resilient US economy. The bank now forecasts 25-basis-point …
Business
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Business
US jobs rebound in August with 162,000 payrolls increase: is a Fed rate hike coming?
by adminby adminThe US economy added a significant number of jobs in August, reversing a summer slowdown in hiring and reinforcing the likelihood of a rate hike from the Fed this month. …
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Business
US jobless claims rise slightly as labor market remains in slow hire, slow fire phase
by adminby adminThe number of Americans filing new claims for unemployment benefits increased slightly last week, offering little evidence of a meaningful deterioration in the labor market as August came to an …
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Business
Bill Simmons under review by Massachusetts authorities after admitting to proxy sports betting
by adminby adminBill Simmons, the popular sports podcaster who has championed sports betting, is under review by the Massachusetts Gaming Commission after he admitted on a recent episode to using his daughter’s …
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Business
US private payrolls rise just 38,000 in August as hiring momentum weakens: ADP
by adminby adminUS private employers added jobs at a slower-than-expected pace in August, with hiring increasingly concentrated in healthcare and a handful of other industries, suggesting the labor market is losing momentum …
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The US labor market showed mixed signals in July, with job openings increasing modestly even as employers pulled back on hiring. Job openings, a measure of labor demand, rose by …
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President Donald Trump on Monday called for bipartisan tax incentives to help a domestic TV and movie industry that has seen large chunks of its business move overseas in recent …
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With the 2026 midterms fast approaching, Mick Mulvaney, the former White House Chief of Staff, issued a stark political assessment on CNBC regarding foreign policy’s fallout on Capitol Hill. Speaking …
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Business
Invezz Explains: why you should closely watch payrolls, claims, ADP and JOLTS data
by adminby adminEvery week, people are handed another piece of US jobs data and told it matters for markets. News platforms, including Invezz, report initial and continuing jobless claims every week, before …
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Federal Reserve Chair Kevin Warsh signaled that the US central bank may need to do more to contain inflation, arguing that recent improvements in price data have not provided enough …