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3 mins read
A portfolio manager at a $21 billion firm warns the odds of a recession have risen to 40% from 20% as inflation and geopolitical concerns surge — and shares where he's investing
As Goldman decreases its recession odds, portfolio manager Zehrid Osmani is increasing his from 20%…
Christine Ji
6 mins read
Our bend-don't-break economy is reaching its limit
After a year of resiliency in the face of high interest rates, the cracks are showing in the US eco…
Dan DeFrancesco
1 min read
UK labor market adds 160,000 jobs in October, boosting chances the Bank of England will hike interest rates
The UK's labor market strengthened in October, potentially easing concerns at the Bank of England a…
Reuters
2 mins read
Stock market opens to fluctuations, eyes on global and domestic factors for market resilience
The Sensex recorded a low opening, down by 137.69 points at 71923.44, while the Nifty also started …
ANI
2 mins read
The UK unemployment rate fell to an eight-month low in April as pubs and restaurants reopened
The UK jobs market brightened in April and May, data showed, with unemployment falling, payroll num…
Harry Robertson
2 mins read
Global stocks rise after Fed officials suggest inflationary pressures will be temporary
The US is still 8 million jobs short of pre-pandemic levels and that gap will have to narrow a lot …
Shalini Nagarajan
1 min read
The number of Brits on payrolls surged by 356,000 in June as the economy reopened and hospitality boomed
The UK hospitality sector sharply increased its hiring in June after COVID-19 restrictions were loo…
Harry Robertson
2 mins read
UK job vacancies climb above 1 million for the first time ever as labor shortage intensifies
The UK economy is bouncing back, but companies in sectors such as hospitality and entertainment are…
Harry Robertson
2 mins read
UK unemployment rate hits 4-year high in final quarter of 2020 but data shows 'tentative' signs of stabilizing
Despite the rise in UK unemployment, the data office said that company payrolls had risen slightly …
Harry Robertson
2 mins read
The UK unemployment rate dropped to 4.8% in the first quarter as the country prepared to reopen from lockdown
The unemployment rate was flattered by people that stopped job-hunting during lockdown, but separat…
Harry Robertson
2 mins read
UK unemployment rate slips unexpectedly to 4.9% in February, but payroll numbers fall ahead of reopening
The data painted a mixed picture of the UK jobs market ahead of the gradual reopening of the econom…
Harry Robertson
3 mins read
UK unemployment hits its highest since 2016 just as several parts of the country return to strict lockdown before the holidays
The number of people unemployed in the three months to October rose by 241,000, taking the jobless …
Shalini Nagarajan
2 mins read
UK unemployment rate unexpectedly falls to 5% in January as the country looks ahead to reopening
The jobless figures beat economists' expectations, and suggested the labor market is stabilizing as…
Harry Robertson
2 mins read
Ex-Treasury chief Larry Summers warns the Fed may need to hike rates above 5% to defeat inflation - and sees unemployment spiking to 6%
The veteran economist predicted a painful US recession, slammed the British government, and issued …
Theron Mohamed
2 mins read
Nobel laureate Paul Krugman predicts a swift, sustained economic recovery once vaccines are rolled out
"I'm in the camp that expects rapid growth once people feel safe going out and spending money," Nob…
Theron Mohamed
2 mins read
UK unemployment nears 2-year high in July, as pandemic claims 750,000 jobs since March
The number of employees on payroll fell by 695,000 since March, despite the three months to July ma…
Shalini Nagarajan
2 mins read
The UK has laid out a $65 billion package of tax rises and spending cuts to restore faith after political upheaval and a market storm
Finance minister Jeremy Hunt unveiled a new budget as the UK battles to rebuild its economic credib…
George Glover
2 mins read
Millions of people who left the US job market last year plan to stay away in an act of 'long social distancing,' fanning the flames of inflation
The study by a group of economists showed around three million people plan to avoid in-person worki…
Ryan Hogg
4 mins read
I'm a 24-year-old suffering from long COVID. I get seizures, I can't drink or drive, and have had to move back in with my parents.
Alex Bishop got the coronavirus in December 2020. It triggered an old brain injury and epilepsy, le…
Elle Hardy
2 mins read
Almost 650,000 people in Britain lost their jobs in the past 3 months, and job vacancies hit an all-time low
The number of paid employees fell by 649,000 between March and June, according to data from the ONS…