A Goldman Sachs economist expects artificial intelligence to displace more than 15 million US workers over the next decade, but argues that the resulting job losses are likely to be …
Business
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Business
US adds 57,000 jobs in June, missing forecasts; analysts say Fed may delay rate hike
by adminby adminThe US economy added just 57,000 jobs in June, well below economists’ expectations, in a sign that the labor market is losing momentum even as the unemployment rate unexpectedly declined …
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Business
ADP report: Private employers added 98,000 jobs in June, less than expected
by adminby adminPrivate-sector hiring slowed more than expected in June as employers added fewer workers ahead of the closely watched monthly government jobs report, while healthcare-related industries continued to account for the …
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US job openings held steady in May at a higher-than-expected level, reinforcing signs that the labor market remains resilient despite lingering uncertainty over economic growth and hiring. The number of …
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Business
Eurozone credit growth continues to strengthen as corporate lending accelerates
by adminby adminBank lending to eurozone companies expanded at its fastest pace in three years during May, according to data released by the European Central Bank (ECB) on Monday. The figures indicate …
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Business
US consumer sentiment improves as gasoline prices ease but sentiment remains subdued
by adminby adminUS consumer sentiment improved in June from near-record lows as declining gasoline prices and easing geopolitical tensions provided some relief to households still grappling with elevated living costs. The University …
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UK retail sales weakened further in June, with volumes falling at a sharper pace and sales performing below seasonal norms to the greatest extent in more than two years, according …
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Business
Copper rises, but outlook murky amid US policy risk and weak China demand
by adminby adminCopper prices rebounded slightly on Wednesday from the previous session, but the metal remained under pressure due to recent losses because of a stronger US dollar and hawkish Federal Reserve …
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Britain’s private sector contracted for a second straight month in June. The latest flash purchasing managers’ index from S&P Global showed the UK composite PMI slipped to 49.4 in June …
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Business
Starmer to step down; markets eye Burnham’s fiscal plans and chancellor pick
by adminby adminUK Prime Minister Keir Starmer said on Monday that he would step down as Labour leader and prime minister, ending months of political turmoil and setting in motion a leadership …