The strong September US jobs report spooked the markets with the rising prospect of yet another interest rate hike by the Federal Reserve before the end of this year. But one indicator suggests the Fed still has reason to hold back. Should you buy McDonald’s and Caterpillar stock right now? Average hourly wage earnings grew …
Job growth exceeded expectations in September, indicating the resilience of the U.S. economy despite factors such as higher interest rates, labor disputes, and political dysfunction in Washington. The Labor Department released a highly anticipated report on Friday, stating that nonfarm payrolls increased by 336,000 for the month, surpassing the Dow Jones consensus estimate of 170,000. …
JPMorgan’s Marko Kolanovic predicts a 20% sell-off in the S&P 500. According to Kolanovic, high interest rates are causing stocks to reach a breaking point. As a protective strategy, he recommends choosing cash with a 5.5% return in money market and short-term Treasuries. “If we stay at this level of interest rates, I’m not sure …
Columbia South Carolina, Chick-fil-A, fast food restaurant with sign advertising $15 an hour to be hospitable. Jeff Greenberg | Universal Images Group | Getty Images A strong jobs market could have a negative impact on the stock market if current trends continue. Friday’s nonfarm payrolls report will be a crucial test for Wall Street, as …
Australia’s wealthy real-estate tycoon, Tim Gurner, has issued an apology after his controversial remarks about job losses surfaced. During a property summit hosted by the Australian Financial Review, Gurner, CEO of Gurner Group, stated that workers have become “arrogant” since the onset of the COVID-19 pandemic and that this attitude is hampering productivity. He …
China’s economy is facing significant challenges, particularly in its real estate sector. This sector constitutes a substantial portion of the country’s gross domestic product (GDP), but an oversupply of housing and increasing mortgage debt have created a crisis. Chinese consumers took on this debt with the expectation that the real estate sector would continue to …
Westend61 | Westend61 | Getty Images Financial experts have long been warning of an impending economic downturn in the United States. The only question was when it would happen. However, some firms and experts are now retracting their predictions, casting doubts on the reliability of a once-trusted indicator of recession known as the yield curve …
The unexpected rise in joblessness last month, along with the slowdown in hiring by US employers, indicates that the US economy is cooling as the Federal Reserve raises interest rates. The US unemployment rate increased to 3.8% in August, surprising economists who had predicted a rate of 3.5% in line with July’s figure. The government …
In August, the US labor market showed its resilience as employers added a solid 187,000 jobs, despite the high interest rates imposed by the Federal Reserve. Although this marked an improvement from the revised gain of 157,000 in July, the pace of hiring has moderated compared to earlier this year. It’s worth noting that …
The unemployment rate rose significantly in August as the summer of 2023 came to a close, signaling a slowdown in the job market. According to the U.S. Bureau of Labor Statistics, nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, surpassing the Dow Jones estimate of 170,000. However, the unemployment rate unexpectedly increased …