CEN

US weekly jobless claims at nine-month low; productivity accelerates

Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1,655 million Productivity accelerates at a 3.0% rate in the fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the …

US weekly jobless claims at nine-month low; productivity accelerates Read More »

US job openings increase to five-month high as labor market stays tight

Job openings increase 572,000 to 11 million in December Manufacturing activity slumps further in January Private payrolls increase by 106,000 in January WASHINGTON, Feb 1 (Reuters) – US job openings unexpectedly rose in December, showing demand for labor remains strong despite higher interest rates and mounting fears of a recession, which could keep the Federal …

US job openings increase to five-month high as labor market stays tight Read More »

Stocks in Asia surge, dollar eases on Powell’s “disinflationary” comment

SINGAPORE, Feb 2 (Reuters) – Asian shares soared on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite as investors hope the climb in US interest rates will come to an end soon . MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was …

Stocks in Asia surge, dollar eases on Powell’s “disinflationary” comment Read More »

Wall Street dips as Fed decision looms; AMD boosts chipmakers

Fed’s rate decision expected at 1400 ET AMD expects strong second half of 2023 Amgen weighs on Dow as Q4 revenue falls slightly EA cuts bookings view, shares slide Indexes down: Dow 0.64%, S&P 0.26%, Nasdaq 0.15% Feb 1 (Reuters) – US stock indexes fell on Wednesday ahead of the Federal Reserve’s decision on interest …

Wall Street dips as Fed decision looms; AMD boosts chipmakers Read More »

China central bank to roll over lending tools to spur growth

BEIJING, Jan 29 (Reuters) – China’s central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. The People’s Bank of China will roll over a lending tool for supporting carbon emission reduction to the end of 2024, and extend a lending tool for promoting …

China central bank to roll over lending tools to spur growth Read More »