US stocks reversed course sharply on Friday as investors took in a softer-than-expected jobs report, with imminent interest-rate cuts seen as certain after this week’s run of weak labor data. The S&P 500 (^GSPC) fell 0.4%, backing off the all-time closing high hit on Thursday, while the Dow Jones Industrial Average (^DJI) lost 0.5%. The…
The US labor market is slowing down. After a round of weaker-than-expected job market figures this week, the Bureau of Labor Statistics (BLS) will release the August jobs report on Friday morning at 8:30 a.m. ET. The report is expected to confirm these trends seen elsewhere in the US economy. Economists expect the US economy…
Commuters on a SEPTA train platform at 30th Street Station in Philadelphia, Pennsylvania. (Bloomberg) — Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high, adding to evidence of a more subdued labor market. Most Read from Bloomberg Economists project…
US stocks retreated from records as investors took profits after the Federal Reserve’s preferred measure of underlying inflation remained stubbornly high last month. The S&P 500 Index fell 0.7% at 11:10 a.m. in New York, slipping below the key 6,500 level. The gauge is still on track to notch four straight months of gains and…
By Shashwat Chauhan and Sanchayaita Roy (Reuters) -U.S. stock index futures edged higher on Friday, recovering slightly from the previous session’s losses as investors awaited Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Symposium for clues on the interest-rate path. At the Wyoming research conference last year, Powell had promised to lower rates…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist World markets got the week off to a subdued start on Monday, although the Nasdaq nudged a new high, as a light earnings and data calendar allowed investors to digest the latest tariff-related news…
The Bureau of Labor Statistics is not the only data collector to have had problems with jobs numbers: for years, the U.K.’s main economic statistics agency has faced growing scrutiny about how it collects employment data. PREMIUM The U.K.’s Office for National Statistics has struggled to find Britons willing to answer its questions. In the…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…
Hong Kong’s labour minister has rejected calls to halt the importation of workers amid a manpower shortage across various sectors, despite authorities discovering preliminary evidence in two cases of companies dismissing local employees after bringing in staff from outside the city. Secretary for Labour and Welfare Chris Sun Yuk-han on Sunday reiterated that the Enhanced…