Strong US jobs growth dampens talk of rate cuts
The US economy added 216,000 jobs in December and the unemployment rate was unchanged at 3.7%.
The US economy added 216,000 jobs in December and the unemployment rate was unchanged at 3.7%.
Business & FinanceDeals 30 November 2023, 5:22 am 1 minute Reuters was first to report a debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’s now stricken real estate sector through its crisis-era…
The executive chairman of Ford Motor Company broke his silence on the monthlong auto workers strike on Monday and said the work stoppage could “devastate local communities” if it continues. Bill Ford, the great-grandson of Henry Ford and the company’s chairman since 1999, also criticized the United Auto Workers union for recently shutting down the…
An Atlanta restaurant has taken some hits for adding an unfamiliar fee to its customers’ bills. JenChan’s Pizza and Chinese in Cabbagetown, Georgia, received hate on social media after a customer called out the restaurant’s 4% fee for employees’ health insurance on the bill. The customer posted a photo of the bill on Reddit last month, which showed…
A UPS worker sorts packages in New York on Dec. 18, 2017. Adam Jeffery | CNBC Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according to Adobe Analytics. Sales…
The incident raises prospects of growing conflict in the Middle East, which could impact UK fuel prices.
Business & FinanceEconomy 14 December 2023, 4:50 am 1 minute Reuters was first to report that the U.S. Treasury Department’s Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street’s accounting for…