In May, the unemployment rate in the United States slightly increased, but saw a decline among Hispanic workers, according to the most recent nonfarm payroll report. The unemployment rate for the previous month was 3.7%, up 0.3 percentage points from the prior month. However, Hispanic or Latina women saw their unemployment rate decrease to 3.4% …
Canada’s two biggest railways are fighting against a new rail shipping rule in Ottawa’s federal budget bill over concerns that it will increase expenses and congestion. The legislation proposes to expand what is known as “extended interswitching” to 160 kilometers from 30 kilometers in three Prairie provinces for an 18-month period to promote competition and …
Before the market opens, let’s take a look at the companies that are making headlines today. Tesla and General Motors’ stocks are both on the rise in premarket trading, with gains of 5.7% and 5%, respectively. The reason for this increase is that General Motors announced its plan to use Tesla’s electric vehicle charging network …
New data from Bankrate reveals that Americans are tipping less frequently for various services, and 66% of respondents have a negative view of tipping, with 41% believing that businesses should pay their employees better instead of relying on tips. Meanwhile, 32% of people are annoyed by pre-entered tip screens, and 30% believe that the present …
The Bank of Canada’s deputy governor, Paul Beaudry, gave a speech to the Greater Victoria Chamber of Commerce, stating that recent economic data suggested an increase in the risk of “sticky inflation.” This was the driving force behind the central bank’s decision to raise interest rates by a quarter of a percentage point, bringing it …
Kay and Curtis Ballance celebrated their dream wedding day with homemade pizzas, 15 intimate guests, and a small ceremony in their backyard during -35 C weather. The happy couple tied the knot in February, just seven weeks after the birth of their first daughter. While they initially wanted a courthouse wedding with no guests, they …
In Alexandria, Virginia, a waiter bustles around a restaurant as the U.S. payrolls report for May outperforms expectations. The strong jobs gains in professional and business services, along with an increase in government employment, largely contributed to this success. According to the Bureau of Labor Statistics, job creation in May was led by 64,000 new …
Traders are indicating that the Federal Open Market Committee of the Federal Reserve will likely pause in interest rate hikes at their upcoming meeting, which coincides with a potential new bull market. Last week, the Dow Jones Industrial Average and NASDAQ Composite experienced positive trends, with major indices surpassing their moving averages. Despite excitement over …
Bob Michele, Managing Director and Chief Investment Officer at JPMorgan’s Global Fixed Income, Currency & Commodities (GFICC) group, has warned that the stock market’s current resurgence after interest rate hikes and bank failures may not be a good sign, comparing it to a deceptive lull during the 2008 financial crisis. Michele noted that during both …
The financial media has been abuzz with talk of a potential bubble in the publicly traded shares of companies involved in the development and use of artificial intelligence. While some stocks have seen impressive rallies, such as Nvidia, Microsoft, Google parent Alphabet, Oracle, and Adobe, there is no evidence of a bubble in shares related …