Category: Jobs
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Central Bank of India Apprentice Recruitment 2024 – Apply Online for 3000 Posts
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Name of the Post: Central Bank of India Apprentice Re Open Online Form 2024 Post Date: 23-02-2024 Latest Update: 07-06-2024 Total Vacancy: 3000 Brief Information Central Bank of India has published a notification for the recruitment of Apprentice Vacancy. Those Candidates who are interested in the vacancy details & completed all eligibility criteria…
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SBI SO (Trade Finance Officer) Recruitment 2024 – Apply Online for 150 Posts
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Name of the Post: SBI SO (Trade Finance Officer) 2024 Online Form Post Date: 07-06-2024 Total Vacancy: 150 Brief Information State Bank of India (SBI) has Published a notification for the recruitment of Specialist Cadre Officer (Trade Finance Officer) Vacancy. Those Candidates who are interested in the vacancy details & completed all eligibility…
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Generative AI Set to Disrupt Jobs and Widen Inequality, IMF Warns
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The International Monetary Fund (IMF) has issued a stark warning about the profound labor market disruptions and inequality that AI could cause, urging governments to step up economic protectionism to protect their economies. In a recent report, the International Monetary Fund highlighted that advances in artificial intelligence technology could lead…
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FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand By Reuters
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Written by Ananta Agarwal (Reuters) – FedEx plans to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest cost-cutting effort as the package delivery giant faces a decline in demand for shipping. FedEx (NYSE:) said the cuts will extend over 18 months and will result in a…
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FX Watch: GBP/JPY’s Downtrend Ahead of U.K.’s Jobs Data
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The GBP/JPY pair has seen lower highs since it was rejected from the 200.50-201.00 area in late May. why not? Threats of the Bank of England (BOE) to shift to dovish and mixed data from the UK are deterring the bulls. Meanwhile, a bit of risk aversion and talks about…
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US stocks set to open marginally lower after the stronger US jobs report
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US jobs data came in stronger than expected with Non-Farm Payrolls rising by 272K versus estimates of 185K. The unemployment rate rose to 4.0% as the participation rate declined. US yields rose with the 10-year bond yield rising 12.7 basis points to 4.408%. However, the 10-year bond yield rose to…
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Crypto market plunges $96b following strong US jobs report
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In the past 24 hours, the cryptocurrency market lost more than $96 billion as major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), faced corrections. Bitcoin, the leading cryptocurrency, saw a sharp decline to an intraday low of $68,507. At the time of writing, the cryptocurrency was priced at $69,321 –…
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Jobs Report, ECB Rate Cut Deliver Double Whammy
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Friday dealt a double blow to the Bitcoin market, exposing the cryptocurrency’s sensitivity to the ever-shifting sands of the global economy. Price of digital assets It fell below $70,000 After the confusing US jobs report came as a surprise Reducing the interest rate By the European Central Bank (ECB). Leading…
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What will the Fed do after hotter-than-expected jobs report? By Investing.com
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The US job market is still hot. The non-farm payrolls report, released on Friday, showed 272,000 jobs added in May, crushing analysts’ estimates. This divergence from consensus is likely to have a significant impact on the Fed. This rise indicates continued momentum in the labor market. As a result, the…
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Forexlive Americas FX news wrap 7 Jun”: US adds 272K new jobs but unemployment rate rises
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The US jobs report came out stronger, but again there were some ambiguous/less strong elements. Nonfarm Payrolls rose 272K versus estimates of 185K. Private salaries increased by 229,000 compared to 170,000 according to estimates Average hourly earnings increased by 0.4% versus 0.3% expected Average year-over-year earnings increased by 4.1% versus…
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With the Bank of Canada, ECB and jobs in the rear view mirror, the Fed is ahead
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This week, the Bank of Canada and the European Central Bank cut interest rates by 25 basis points each. For each, the initial cut was by the central bank. The Bank of Canada announced its interest rate decision on Wednesday. The central bank has reduced what is seen as restrictive…
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Locked and loaded for the US and Canada jobs report
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The US and Canadian jobs report will be released at the end of the hour. What to expect for May in the United States? Nonfarm Payrolls Estimates 185k (vs. 175k) Private payroll, 170,000 vs. 167,000 last month. Manufacturing payrolls, 5k vs 8k last month The unemployment rate is 3.9% compared…
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What to expect from the US jobs report tomorrow
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The US jobs report will be released at 8:30 AM EST tomorrow. Last month (April), payrolls reached 175,000 which was well below the estimate of 243,000 at the time. The previous month’s revision was -22k. Other details from the April report showed: Unemployment rate 3.9% vs. 3.8% expected (3.8% previously)…
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US ISM Services PMI for May due Wednesday, the ranges of estimates (ADP jobs number too)
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The average consensus estimate for the US ISM Services PMI is 50.5, as can be seen in the screenshot below, from the ForexLive Economic Data Calendar, Access it here. I saw Reuters with its forecast at 50.8. Data outcomes that fall outside of market low and high expectations tend to…
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Euro Nears 1.10 as Market Awaits ECB Meeting and US Jobs Data By Investing.com
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Investing.com – The Euro (EUR) saw a slight rise on Monday, crossing the 1.09 mark against the US Dollar (USD), as traders anticipate potential catalysts that could lead to further rises. Despite the lack of enthusiasm in the FX options market, with one-month implied volatility still at a low of…
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Bank of America lays out the perfect scenario for stocks to rally after the May jobs report
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“We’re hiring!” A sign is displayed at a Starbucks coffee shop on Hollywood Boulevard on June 23, 2021 in Los Angeles, California.Mario Tama/Getty Images The stock market faces a big test this week with the release of the May jobs report on Friday. Bank of America said the moderate range…
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Highlights for next week: Bank of Canada and ECB are expected to cut rates. US jobs report
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Two central banks meet next week and are expected to cut interest rates. The Bank of Canada will announce its interest rate decision at 9:45 a.m. on Wednesday. They are expected to reduce the interest rate to 4.75% from 5.0%. The last policy change was in July 2023 when they…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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AI displacing 50% of jobs by 2027 is ‘uncannily accurate’: Kai-Fu Lee
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Years before OpenAI’s ChatGPT showed the world what generative AI technology could do, venture capitalist Kai-Fu Lee saw the enormous potential of AI in the business market. The Chairman and CEO of Sinovation Ventures predicted in 2017 that AI will be greater than all of humanity’s previous technological revolutions combined,…