The number of Americans seeking unemployment benefits fell sharply last week to 310,000, a pandemic low and a sign that the surge in COVID-19 cases caused by the delta variant has yet to lead to widespread layoffs By CHRISTOPHER RUGABER AP Economics Writer September 9, 2021, 1:55 PM • 4 min read Share to FacebookShare...Read More
ECB decision due at 1145 GMT, news conference at 1230 GMT Swiss franc, yen gain as investors dump risk assets Dollar holds firm, close to two-week high Graphic: World FX rates https://tmsnrt.rs/2RBWI5E LONDON, Sept 9 (Reuters) – The euro edged higher on Thursday before an expected reduction in the pace of the European Central Bank’s...Read More
A boardroom is seen in an office building in Manhattan, New York City, New York, U.S., May 24, 2021. REUTERS/Andrew Kelly Sept 8 (Reuters) – Racial and ethnic inequities have cost the U.S. economy some $51 trillion in lost output since 1990, San Francisco Federal Reserve President Mary Daly said Wednesday, citing data from a...Read More
Gold prices edged lower and continue to trade sideways following the large move the yellow metal experienced at the end of last week. As opposed to the softer than expected Jobs report released on Friday, today’s JOLTs report showed that a record number of job openings in the United States. The dollar edged higher...Read More
U.S. stock futures wobbled Wednesday on investors’ concerns that Covid-19 cases remain elevated and uncertainty about when central banks may dial back easy-money policies. Futures tied to the S&P 500 slid less than 0.1%. The broad market index closed down 0.3% on Tuesday. Nasdaq-100 futures were also relatively flat, pointing to large technology stocks treading...Read More
A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 28, 2021. REUTERS/Andrew Kelly/File Photo MSCI World index steady after scoring record highs for 7 days Wall Street slips, European shares fall Japanese stocks powered up by stimulus hopes Euro edges...Read More
For more than 40 years, the central narrative of American politics, successfully pushed by the Republican Party, has been that government is ineffectual at best, and counterproductive more often than not. Or, as President Ronald Reagan, a former New Deal Democrat, famously said in his 1981 inaugural address, “government is the problem.” Yet today, most Americans are...Read More
In the previous session, the rupee had settled at 73.10 against the U.S. dollar The Indian rupee slipped 7 paise to 73.17 against the United States dollar in opening trade on Tuesday, tracking a strong American currency in the overseas market and muted trend in domestic equities. At the interbank foreign exchange, the rupee opened...Read More
Finding Answers Former Senator Atty. Joey D. Lina The impact of the economic crisis resulting from the coronavirus pandemic worsened by the Delta variant would be with us for years before any signs of recovery could be seen on the horizon. No less than the International Monetary Fund has affirmed that the current recession sparked...Read More
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