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Breaking News: Economy

Tech’s longtime highfliers are growing up by getting smaller

by Ev Richard
Tech’s longtime highfliers are growing up by getting smaller

Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are …

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Categories Technology

Bank of England’s Bailey hints markets could be getting it right on rate hikes

by Adrian Jhonsan
Bank of England’s Bailey hints markets could be getting it right on rate hikes

Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, Feb. 1, …

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Categories World

January hiring was the lowest for the month on record as layoffs surged

by Adrian Jhonsan
January hiring was the lowest for the month on record as layoffs surged

A UPS driver makes a delivery on January 30, 2024 in Miami Beach, Florida.  Joe Raedle | Getty Images Companies announced the highest level of job cuts in January since …

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Categories World

Bank of England could be about to open the door to interest rate cuts

by Adrian Jhonsan
Bank of England could be about to open the door to interest rate cuts

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The Bank of England …

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Categories World

ADP jobs report January 2024:

by Adrian Jhonsan
ADP jobs report January 2024:

A 7-Eleven convenience store has a sign in the window reading “Now Hiring” in Cambridge, Massachusetts, U.S., July 8, 2022.  Brian Snyder | Reuters Private payroll growth declined sharply in …

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Categories World

The Fed will cut rates fewer times and start them later than market hopes, according to CNBC Fed Survey

by Adrian Jhonsan
The Fed will cut rates fewer times and start them later than market hopes, according to CNBC Fed Survey

Respondents to the CNBC Fed Survey see fewer interest rate cuts than the market’s aggressive outlook, with the central bank starting them later in the year than traders currently hope. …

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Categories World

White House touts highest consumer confidence in more than 2 years

by James Odonell
White House touts highest consumer confidence in more than 2 years

U.S. President Joe Biden delivers remarks at the St. John Baptist Church in Columbia, South Carolina, on Jan. 28, 2024. Kent Nishimura | AFP | Getty Images The White House …

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Categories Politics

The economy looks ‘pretty damn good right now’

by Adrian Jhonsan
The economy looks ‘pretty damn good right now’

The market has managed to put behind the “economic anxiety” it faced as recently as the fourth quarter of 2023, according to Citadel CEO Ken Griffin.  The hedge fund manager …

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Categories World

How interest rates have changed over the last 12 months

by Adrian Jhonsan
How interest rates have changed over the last 12 months

Inflation is cooling. Consumer spending continues to be at record highs, while consumer confidence has been trending up. And, after almost two years of rate hikes by the U.S. Federal …

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Categories World

IMF ups global growth forecast on U.S. resilience, China policy support

by Adrian Jhonsan
IMF ups global growth forecast on U.S. resilience, China policy support

Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024.  Bloomberg | Bloomberg | Getty Images The International Monetary Fund on Tuesday nudged its global growth …

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Categories World
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