President Trump said in a social media post Friday afternoon that he directed members of his administration to fire Erika McEntarfer, commissioner of the Bureau of Labor Statistics, after the BLS on Friday published a July jobs report that contained what it called “larger than normal” revisions to data from May and June. The July…
By Davide Barbuscia NEW YORK (Reuters) -News of a surprise weakening in the U.S. labor market last month jolted investors on Friday, as hefty revisions to past months raised fears the Federal Reserve may have been flying blind in recent months and may need to play catch-up with interest rate cuts. Nonfarm payrolls increased by…
By Anmol Choubey (Reuters) -Gold prices traded flat on Friday, but were on track for a weekly loss as pressure from a stronger dollar outweighed support from trade uncertainty caused by U.S. tariffs. Spot gold was steady at $3,287.65 per ounce, as of 0242 GMT. Bullion is down 1.5% so far this week. U.S. gold…
14h agoThu 31 Jul 2025 at 12:54am Market snapshot ASX 200: -0.5% to 8,717 points (live values below) Australian dollar: +0.1% to 64.41 US cents S&P 500: -0.1% to 6,362 points Nasdaq: +0.1% to 21,129 points FTSE: flat at 9,136 points EuroStoxx 600: flat at 550 points Spot gold: +0.3% to $US3,286/ounce Brent crude: +0.4%…
By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian equities slipped on Thursday, weighed down by weaker-than-expected Chinese activity data and a plunge in copper prices, while the yen firmed after the Bank of Japan raised its inflation forecast for the fiscal year and held rates steady. The revised forecast suggested cautious optimism that Japan’s trade deal…
The Federal Reserve held interest rates steady Wednesday for the fifth meeting in a row as two Fed governors dissented, underscoring the division within the central bank over the potential impact of President Trump’s tariffs. Central bank policymakers voted to maintain the Fed’s benchmark interest rate in the range of 4.25%-4.5%, as they have throughout…
The Federal Reserve said Wednesday it’s keeping its benchmark interest rate unchanged, citing elevated uncertainty over the nation’s economic outlook. The decision to hold rates steady marks a continuation of the Fed’s “wait-and-see” strategy this year, as it monitors the impact of the Trump administration’s tariffs on consumer prices. But Wednesday’s policy statement also underscored that the…
Hong Kong developer Hang Lung Properties expects the city’s retail sector to remain sluggish this year amid a prolonged industry slump, while an unresolved tariff war with the US keeps businesses and consumers in mainland China is limbo. “The recent trade disputes and escalating restrictions between the US and China have created uncertainties in the…
US stock futures traded higher on Wednesday as investors braced for the Federal Reserve’s interest-rate decision, economic updates, and earnings from tech giants Microsoft (MSFT) and Meta (META). Dow Jones Industrial Average futures (YM=F) held steady, while those on the S&P 500 (ES=F) ticked up 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.2%….
Investors are awaiting the release of key tech earnings and a Federal Reserve policy decision (Mohd RASFAN) Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting. After deals…