There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. “There’s a 60% chance, more likely … Read more
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers’ to-do lists. Customers didn’t necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the first step toward the nation’s … Read more
Britain’s Chancellor of the Exchequer Rachel Reeves delivers a speech at the Treasury, to an audience of leading business figures and senior stakeholders, announcing the first steps the new Labour Government will take to deliver economic growth, in London on July 8, 2024. Jonathan Brady | Afp | Getty Images LONDON — Britain’s new finance … Read more
When a woman in her early twenties requested to book Vicky Borman’s one-bedroom Heritage-listed cottage in the English village of St Neots last summer, something didn’t feel right. The user had no reviews on her Airbnb profile, so Borman, who has ‘Superhost’ status on the platform, took to social media to investigate. There it was … Read more
Jobseekers attend the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena in Sunrise, Florida, on June 26, 2024. Joe Raedle | Getty Images The unemployment rate for women in white, Black and Hispanic racial groups rose in June in line with the overall trend, according to data released Friday by the Department … Read more
Treasury yields dropped on Friday as the latest U.S. jobs report showed an unexpected rise in the unemployment rate. The yield on the 10-year Treasury fell more than 6 basis points to 4.28%. The 2-year Treasury yield declined by nearly 8 basis points to 4.61%. Yields and prices move in opposite directions. One basis point … Read more
Most G7 countries will be holding elections over the coming year and a half, and the results could affect investors, experts say. Many recent polls and the results from the Labour Party’s Thursday landslide victory in the United Kingdom suggest voters appear to want new governments. A former U.S. Treasury official said some of would-be … Read more
Skyline view of the City of London financial district. Mike Kemp | In Pictures | Getty Images LONDON — Goldman Sachs on Friday upgraded its growth forecast for the U.K. after the Labour Party’s victory in the country’s general election. The investment bank said in a note released early Friday morning that it expected Labour’s … Read more
Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty Images The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday. Nonfarm payrolls increased by 206,000 for … Read more
The election of a new Labour government in Thursday’s British elections may come with the promise of change in the United Kingdom, but the immediate impact on relations with Canada is less clear. The Canada-U.K. relationship, while typically strong, has faced some bumps in the road this year. The newly defeated Conservative government unilaterally paused … Read more
