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2 mins read
Another jumbo Fed cut is coming by year-end with the US labor market weaker than many think, Citi economist says
"We see this weakening labor market dynamic across a number of different data points: low hiring ra…
Filip De Mott
1 min read
No need for concern about job losses as unemployment rate will fall below 3% in future: Labour Minister
The current unemployment rate of 3.2 per cent has come down from 6 per cent in the 2017-18 period.
PTI
2 mins read
Cooling jobs data might beat out inflation in forcing the Fed to deliver a big rate cut, Goldman Sachs CEO says
Most investors see a 25 basis point cut on the horizon, but Goldman's David Solomon says a bigger m…
Kelly Cloonan
2 mins read
The Fed has been 'shaken' from its path by a softening labor market, and will deliver steeper rate cuts as a result, JPMorgan says
The Fed is shifting its gradualist stance amid uncertain labor market data, which will prompt steep…
Kelly Cloonan
4 mins read
Konkan's cashew industry faces uphill battle with rising costs, labor shortages and limited raw material
In recent years, however, the Konkan region's once-thriving cashew processing industry has faced es…
ANI
2 mins read
The job market is reaching a turning point that will usher even steeper Fed rate cuts, top economist says
The ratio of job openings to the unemployment rate has plummeted over the past year, top economist …
Jennifer Sor
1 min read
The Fed 'moved too fast' with rate cuts and now risks reigniting inflation, analyst says
The US isn't out of the words with inflation, and one fixed-income strategist thinks the Fed's jumb…
Filip De Mott
2 mins read
The Fed's first rate cut of 2024 could come next month if the labor market slows
Markets are only pricing in a 10% chance of an interest-rate cut in July, according to the CME FedW…
Matthew Fox
2 mins read
Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says
Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…
Filip De Mott
2 mins read
The 'coveted soft landing' is here, Biden's top labor official says — and it could set Americans up for an interest rate cut in September
The jobs market is moderating, but Americans are not facing a recession. It's a signal the Fed migh…
Ayelet Sheffey,Juliana Kaplan
5 mins read
4 ways Trump's housing plans are expected to hurt homebuyers and 3 ways they could help
Trump has pledged to lower housing costs, but industry leaders and economists are worried some of h…
Eliza Relman
4 mins read
A boomer who retired with a $2 million net worth despite working modest jobs shares his advice on retiring comfortably
An Idaho couple retired with a $2 million net worth by living frugally and making smart investment …
Noah Sheidlower
1 min read
Under strain from war, Russia plans a massive layoff in its public sector: report
Russia is expected to lay off at least 40,000 government officials by July, according to a report b…
Hannah Abraham
2 mins read
Trump's proposed trade war raises the odds of a US recession to 75%, Wall Street strategist says
BCA Research strategist Peter Berzin said investors should be underweight in stocks because of Pres…
Matthew Fox
3 mins read
Economists say Trump could give Americans the very thing they voted against
Trump's campaign promises of broad-based tariffs, mass deportations, and lower taxes are seen fueli…
Matthew Fox
1 min read
Some Fed officials saw a case to cut rates in July, minutes show
Several Fed officials saw a case to cut interest rates in July, according to the FOMC minutes relea…
Filip De Mott
3 mins read
Workers in 4 states are up for a raise. This map shows the minimum wage in every state.
Most states' minimum wages are above the federal level of $7.25. Some are voting to hike pay even m…
Juliana Kaplan,Madison Hoff
4 mins read
Birmingham gave single mothers $375 monthly for a year, no strings attached. Participants felt more financially stable, but 'losing the money hurt.'
An Alabama guaranteed basic income program gave single mothers $375 a month for a year. Participant…
Allie Kelly
6 mins read
We heard from over 750 people who have recently struggled to find work. Here are their biggest frustrations with getting hired.
From recent high school graduates to retirees in their 70s, readers shared with BI their frustratio…
Noah Sheidlower,Jacob Zinkula…
7 mins read
A battle over the future of US retirement is playing out in Pennsylvania as the election looms
Pennsylvania is among the top states with the fastest-growing older population. It sets the stage f…