List of All Articles with Tag 'rl'

Investors are about to get a first look at what sell-side analysts have to say about Cava Group

All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next

Southern Water Ltd was forced to suspend dividend payments until at least 2025 as Fitch downgraded its debt

The US economy added 209,000 jobs in the month of June, far lower than expectations, though wage growth remained resilient, the Bureau of Labor Statistics reported. The number comes a day after ADP said that the economy added 497,000 jobs last month, far higher than the actual number reported by the US government. In addition, the BLS revised the jobs report from April from 294,000 jobs added down to 217,000 jobs and 339,000 jobs added in May down to 306,000 jobs. The unemployment rate ticked down from 3.7 per cent in May to 3.6 per cent in June. At the same time, hourly earnings remained robust, increasing 0.4 per cent in June and 4.4 per cent in the past 12 months. Unemployment for white people ticked down slightly from 3.3 per cent in May to 3.1 per cent in June. But jobless rates for other major groups including adult men, adult women, teenagers, Black, Asian and Hispanic workers remained unchanged. President Joe Biden, who has in recent days been touting his economic record with a series of appearances across the US, said in a statement that the continued job growth represents “Bidenomics in action” and pointed out that the 13.2 million jobs added to the US economy since the start of his term is more than any president has overseen in a full four-year term. “The unemployment rate has now remained below 4 percent for 17 months in a row—the longest stretch since the 1960s. The share of working-age Americans who have jobs is at the highest level in over 20 years. Inflation has come down by more than half. We are seeing stable and steady growth,” he said. “That’s Bidenomics—growing the economy by creating jobs, lowering costs for hardworking families, and making smart investments in America”. The news comes despite the fact that the Federal Reserve paused raising interest rates last month after it had consistently done so to cool down a hot labour market as a way to ease inflation. Increased jobs typically coincide with higher inflation given that employed consumers have more demand in the economy. Employment in government led the job increases, adding 60,000 jobs during June followed by health care, which added 41,000 jobs and social assistance, which added 24,000 jobs. But retail trade employment shed 11,000 jobs, while building material and garden equipment and supplies dealers lost 10,000 jobs. Furniture, home furnishings, electronics, and appliance retailers lost 5,000 jobs. The decidedly mixed jobs report comes as Mr Biden has attempted to tout his economic record, adopting the term “Bidenomics” to describe his policies such as the bipartisan infrastructure bill and the Inflation Reduction Act, which passed last year. On Thursday, he visited South Carolina to talk about his record and tout the fact that the United States attracted almost half a billion dollar private investment in manufacturing. “It’s historic, and it’s Bidenomics in action,” he said. “Instead of exporting jobs to cheaper labor costs -- what we did for decades -- we’re creating jobs here and exporting American product.” Read More Biden touts his economic record in fiery speech: ‘Guess what – Bidenomics is working’ Watch: Antony Blinken visits China for high-stakes meeting after ‘spy balloon’ Biden administration says judge's social media order could cause 'grave harm' Trump’s ex-press sec’y says there’s ‘no way’ White House cocaine is Hunter Biden’s NATO leaders set to offer Ukraine major support package but membership is off the table for now The US will provide cluster munitions to Ukraine as part of a new military aid package: AP sources

A solid employment report with stronger-than-expected wage growth for June keeps the Federal Reserve on track to raise

The NBA’s 2024 Las Vegas Summer League kicks off at 4:30 p.m. EST with the New Orleans Pelicans taking on the Minnesota Timberwolves.A few teams have already played games this summer, but both of these teams are making their Summer League debuts.New Orleans has some fun young talent on...

Chile’s consumer-price index unexpectedly fell in June, fueling bets that the central bank will start lowering its benchmark

Undisputed is not returning until August 28.

In the last few weeks, Darren Cronian has noticed a trend: A listing for a fully remote role

Reliance Industries Ltd. said its retail unit will buy back shares trading in the gray market and given

The Atlanta Braves' infield certainly made baseball very fun this week, while the Los Angeles Angels have lost their heads and have no place to hang their halos no more, bruh!Making sense of all the nonsense baseball gave us this week through pop culture references!It's hot as s**t...

Asset managers have launched a coordinated appeal to get the European Union to rework planned ESG reporting rules,