A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, US, on Thursday, April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. … Read more
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024. Kent Nishimura | Getty Images News | Getty Images Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely … Read more
Republican presidential candidate former President Donald Trump speaks to guests during a rally at Clinton Middle School on January 06, 2024 in Clinton, Iowa. Scott Olson | Getty Images News | Getty Images Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed … Read more
McDonald’s employee giving change to a customer. Jeffrey Greenberg | UIG | Getty Images Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising. Inflation has dominated corporate America’s discourse over the past three years following the pandemic-induced easing of monetary policy and trillions of dollars in … Read more
Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation, while consumer confidence hit its lowest level in nearly two years. The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter, the Labor Department reported Tuesday. That was higher than 0.9% … Read more
A Redfin sign in front of a home for sale in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. Home prices in February jumped 6.4% year over year, another … Read more
Walmart on Tuesday said it will close all of its health-care clinics across the country, a stunning reversal of its plans to bring its low-priced reputation to the dentist and doctor’s office along with the grocery aisle. The big-box retailer said it would also shutter its telehealth provider, which it acquired for an undisclosed amount … Read more
Political pressure won’t force the hand of Thailand’s central bank in making its interest rate decisions independently, the country’s central bank chief told CNBC on Monday. “The proof is in the pudding,” Bank of Thailand Governor Sethaput Suthiwartnarueput told CNBC’s “Street Signs Asia.” Despite the “clamoring” for rate cuts, the BOT didn’t act on it … Read more
US Federal Reserve Board Chairman Jerome Powell arrives to testify at a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report,” on Capitol Hill in Washington, DC, March 6, 2024. Mandel Ngan | Afp | Getty Images With the economy humming along and the stock market, despite some recent twists and … Read more
German automaker Volkswagen has expanded its SUV lineup in India with the launch of two new variants of the popular Taigun model. According to a statement by the company, the new variants, namely the Taigun GT Line and Taigun GT Plus Sport, aim to provide Indian buyers with a more dynamic driving experience.Pricing and FeaturesThe … Read more
