Category: Jobs
-
Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets
•
Bitcoin dropped below $54,000 On September 6, 2024, after rising earlier in the day to $57,000 following the US non-farm payrolls data. The report showed that the economy added just 142,000 jobs in August, which was far less than expected and threw the cryptocurrency market into a tailspin. This sudden…
-
US stocks open marginally higher after the US jobs report
•
While the market digests the US jobs report, the stock market is also making its voice heard. The major indexes were significantly lower in the pre-market before the jobs report. Since then, all of those declines have been corrected. The major indexes are opening slightly higher. The Nasdaq was down…
-
As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
•
The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
-
As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
•
The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
-
Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
•
By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…
-
Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
•
By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…
-
U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
•
The U.S. labor market showed signs of slowing in August, with job growth slowing but remaining positive, paving the way for the Federal Reserve to take a measured approach to cutting interest rates later this month. The Bureau of Labor Statistics reported today that total nonfarm payrolls rose by 142,000…
-
U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
•
The U.S. labor market showed signs of slowing in August, with job growth slowing but remaining positive, paving the way for the Federal Reserve to take a measured approach to cutting interest rates later this month. The Bureau of Labor Statistics reported today that total nonfarm payrolls rose by 142,000…
-
European markets fall ahead of U.S. jobs data (EUR:USD)
•
da-kuk/E+ via Getty Images London (UKX) -0.40% Germany (DAX:IND) -0.73% Germany posts trade surplus of 16.8 billion euros in July France (CAC:IND) -0.44% to a three-week low on Friday. France posted a trade deficit of 5.9 billion euros in July. The Swiss consumer confidence index fell by 2.2 points to…
-
Jobs report will help Federal Reserve decide how much to cut interest rates
•
Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Christopher Rugaber Published on September 6, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — Friday’s monthly jobs report is…
-
Stocks pause days of losses ahead of US jobs data: Markets Wrap
•
(Bloomberg) — Global stocks steadied after days of declines as uncertainty persisted over the health of the U.S. economy and the pace of potential interest rate cuts by the Federal Reserve. Most Read from Bloomberg The pan-European STOXX 600 index was little changed, with chemical and mining stocks the biggest…
-
RBA Will Struggle With Jobs Goal If CPI Stays High, Bullock Says
•
Breadcrumbs Path Links PMN Business The Reserve Bank of Australia will struggle to maintain low unemployment if inflation remains above its target “indefinitely”, Reserve Bank Governor Michelle Bullock said, warning households and businesses that interest rate relief is still a long way off. Article author: Bloomberg News Swati Pandey Published…
-
Safe-haven yen gains, Aussie wobbles as edgy markets face US jobs test By Reuters
•
By Kevin Buckland TOKYO (Reuters) – The safe-haven Japanese yen rose on Wednesday while riskier currencies such as the Australian dollar and the British pound fell as traders rushed to take on risk after the worst sell-off in nearly a month on Wall Street and heavy losses in Asian shares.…
-
Asia markets in red, investors access South Korea’s inflation data; eyes on US jobs report
•
never Asia-Pacific stock markets were mostly in the red on Tuesday, driven by investor reactions to the latest inflation data from South Korea. Traders are now awaiting U.S. payrolls data, due on Friday, along with local data from China, including a fresh set of purchasing managers’ indices. The figures are…
-
Dollar dips ahead of the key jobs report By Investing.com
•
The US dollar fell modestly but remained close to its highest levels in about two weeks, as investors’ attention turned to the upcoming US jobs report at the end of the week. At 18:40 ET (22:40 GMT), the pound was down 0.1% at 101.64. The pound was little changed at…
-
Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
•
Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
-
Klarna slashes 1,000 jobs as AI reshapes business ahead of IPO
•
Klarna, a leading “buy now, pay later” fintech, has cut more than 1,000 jobs as part of a strategic shift towards artificial intelligence, with more cuts expected ahead of a potential initial public offering. The Swedish fintech, which booked a loss of SEK2.33bn (£173m) in bad loans in the first…
-
KCB sheds 362 jobs in voluntary early exit
•
KCB Group saw 362 of its employees accept the voluntary early retirement offer last year after the bank opened the programme at the request of its employees. Most of the voluntary exits were in the Kenyan operations, where 211 employees accepted the offer, including 100 employees at the bank’s subsidiary…
-
In echo of Draghi, Powell pledges to do “everything we can” to keep the jobs market strong
•
The US dollar fell sharply after a speech from Federal Reserve Chairman Jerome Powell in which he said it was time for a policy shift and added a key line about maintaining a strong labor market. “We will do everything we can to support a strong labor market while making…
-
Forexlive Americas FX news wrap: USD falls as Powell pleges “everything we can” for jobs
•
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…