Category: Jobs
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Ed Yardeni sees Fed pausing rate cuts for 2024 after jobs report
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The Fed’s 2024 easing campaign may already be over Strong business report Friday highlights the stubborn resilience of the world’s largest economy, according to Wall Street veteran Ed Yardeni. Further policy easing would risk sparking inflation as oil prices rebound and China seeks to stimulate its economy, according to the…
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US major indices close the day higher helped by strong jobs
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US stocks rose despite rising yields as US jobs showed strength and striking dockworkers reached a tentative agreement to avoid a long-term closure of the main port. A snapshot of the closing levels is shown: The Dow Jones Industrial Average rose 341.16 points, or 0.81%, to 42,352.75 points. The Standard…
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Forexlive Americas FX news wrap 4Oct:US jobs report is strong. USD, yields and stocks rise
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The US September jobs report beat expectations today, with non-farm payrolls rising by 254,000 compared to expectations of 140,000. The unemployment rate decreased slightly to 4.1%, approaching 4.0%, and the participation rate stabilized at 62.7%. Private sector payrolls rose by 223,000, while average hourly earnings rose 0.4% month-over-month and 4.0%…
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Mixed U.S. Jobs Data Triggers Choppy U.S. Dollar Moves
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As markets hotly debate the Fed’s next policy moves, US labor market updates – which Fed members said they are closely following – are likely to increase volatility between major US dollar pairs. Thursday report from Challenger, Gray and Christmas reversed 72,821 planned job cuts in SeptemberThis is slightly lower…
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European Stocks Trade Steady Before US Jobs Data: Markets Wrap
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(Bloomberg) — European stocks and U.S. futures were volatile ahead of key U.S. jobs data that will help determine the course of interest rates. Oil prices fell after escalating tensions in the Middle East led to the largest single-day jump in almost a year. Most read from Bloomberg There was…
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ForexLive Asia-Pacific FX news wrap: Awaiting the US nonfarm payroll jobs report
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Dutch airline KLM will do ‘everything’ it can to protect jobs in cost-cutting drive
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Dutch airline KLM announced on Thursday a comprehensive package of “aggressive” cost-cutting measures that it hopes will lead to an increase in operating profits of about 450 million euros ($496 million) “in the short term.” There was no specific mention of job cuts, but the company pledged to “explore options…
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Dollar gains as ADP shows better than expected jobs gains By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar hit a three-week high against the euro on Wednesday after the ADP national employment report showed that jobs in the U.S. private sector increased more than expected in September, ahead of jobs data expected on Friday. Traders are also closely…
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Citi predicts mixed outcomes for USD ahead of jobs report By Investing.com
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Citi provided a comment on the potential impact of the upcoming jobs report on the US dollar. The report, which is scheduled to be released on Friday, has markets anticipating different outcomes for currency pairs that include the US dollar, such as and, based on different scenarios for non-farm payrolls…
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Prospect of Second Big Fed Cut Hinges on Powell and Jobs Report
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(Bloomberg) — Federal Reserve policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Most read from Bloomberg The Federal Reserve Chairman is scheduled to discuss the US economic outlook at…
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Prospect of Second Big Fed Cut Hinges on Powell and Jobs Report
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(Bloomberg) — Federal Reserve policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Most read from Bloomberg The Federal Reserve Chairman is scheduled to discuss the US economic outlook at…
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Powell Speech and Jobs Data to Help Clarify Fed Rate Path
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Breadcrumb links BMN Business Fed policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Article writer: Bloomberg News Vince Juhl and Craig Sterling Posted on September 28, 2024 • 6…
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South Yorkshire selected for £1.5bn mini-nuclear reactor factory, creating 3,000 jobs
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South Yorkshire is set to host the UK’s first dedicated small nuclear reactor (SMR) factory, a major boost to the region’s economy and the UK’s nuclear industry. Holtec, a privately owned nuclear company based in Florida, has chosen South Yorkshire as its preferred location for the £1.5bn facility after considering…
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Grangemouth oil refinery to close in 2024, risking 400 jobs and increasing UK fuel imports
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Scotland’s last oil refinery at Grangemouth is due to close between April and June next year, costing 400 jobs and leaving the UK with just a handful of refineries. The closure, announced by Petronews – a joint venture between Sir Jim Ratcliffe’s Ineos and PetroChina – comes as domestic demand…
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Grangemouth oil refinery to close in 2024, risking 400 jobs and increasing UK fuel imports
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Scotland’s last oil refinery at Grangemouth is due to close between April and June next year, costing 400 jobs and leaving the UK with just a handful of refineries. The closure, announced by Petronews – a joint venture between Sir Jim Ratcliffe’s Ineos and PetroChina – comes as domestic demand…
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Forexlive European FX news wrap 10 September – Mixed but overall positive UK jobs data
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Jabil plans to set up electronics manufacturing unit in Tiruchirapalli, creating 5K jobs
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JHVEPhoto/iStock Editorial via Getty Images ByblosNew York Stock Exchange: JBL) Signed an MoU with the Government of Tamil Nadu to expand operations in Tiruchirappalli, India, at an investment of Rs. 2,000 crore. The agreement, signed in Chicago, aims to establish Jabil as a major manufacturing hub in India, complementing its…
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Mobileye to shut down lidar R&D hitting 100 jobs
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Israeli company Mobily International Company MBLY (Nasdaq: MBLY) announced that it has halted internal development of a new generation of frequency-modulated continuous wave (FMCW) sensors for use in highly autonomous and automated driving systems. The company said the move is part of its regular review of its long-term technology strategy.…
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Proof of Workforce and Careers In Government Partner to Integrate Bitcoin into Public Sector Jobs
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the Proof of establishment of the workforce (POWF) and Government job opportunities CIG has launched a strategic partnership aimed at integrating Bitcoin into public sector hiring practices, according to a press release sent to Bitcoin Magazine. The collaboration seeks to enhance financial security, attract talent, and foster innovation within the…
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Proof of Workforce and Careers In Government Partner to Integrate Bitcoin into Public Sector Jobs
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the Proof of establishment of the workforce (POWF) and Government job opportunities CIG has launched a strategic partnership aimed at integrating Bitcoin into public sector hiring practices, according to a press release sent to Bitcoin Magazine. The collaboration seeks to enhance financial security, attract talent, and foster innovation within the…