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Economy

“Payrolls increased by 336,000 in September, much more than expected”

October 6, 2023

“Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington. Nonfarm payrolls increased by 336,000 for the month, better than the Dow Jones… Continue Reading…

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Economy

“Job openings increase in August, hitting highest level since May”

October 3, 2023

“…The latest Job Opening and Labor Turnover Survey, or JOLTS report, released Tuesday revealed there were 9.6 million jobs open at the end of August, an increase from the 8.92 million job openings in July. Economists surveyed by Bloomberg had expected there… Continue Reading…

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Economy

“If you resold a Taylor Swift ticket for a profit, prepare to pay taxes…”

October 3, 2023

“Taylor Swift fans forked out an average $2,183 for a resold ticket to a concert on the superstar’s The Eras Tour, according to resale research site TicketIQ. Now, ticket resellers may owe taxes on profits made during what may turn to be —… Continue Reading…

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Banking, Economy

“Fed’s Kashkari: 40% chance of needing ‘meaningfully’ higher rates”

September 27, 2023

“A “soft landing” for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40% chance that the Fed will need to raise interest rates “meaningfully” to… Continue Reading…

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Economy

“This is the world’s fastest growing economy, and it could grow an ‘explosive’ 100%”

September 27, 2023

“…Guyana, a country in South America with a population of about 800,000 people, is projected to grow 38% by the end of the year — an “extremely fast” pace, according to recent GDP forecasts by the International Monetary Fund… BMI, a… Continue Reading…

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Economy

“U.S. Latino economic output grows to $3.2 trillion, according to new study”

September 27, 2023

“The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Latino Donor Collaborative in partnership with Wells Fargo… While growth for the Latino community remains widespread… Continue Reading…

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Economy

“China property stocks tumble as Evergrande drops 25% on debt restructuring roadblock”

September 25, 2023

“Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company said that it would delay a debt restructuring meeting due later today. Shares of other major Chinese property stocks in Hong Kong… Continue Reading…

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Banking, Economy

“Turkey’s central bank hikes interest rate to 30%”

September 21, 2023

“Turkey’s central bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%, as Ankara continues to battle double-digit inflation. The Turkish lira weakened slightly to 27.06 against the dollar on the news, with the greenback up 0.3% against… Continue Reading…

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Economy

“Olive oil prices surge over 100% to record highs, sparking cooking oil thefts”

September 19, 2023

“Olive oil prices spiked to fresh records as severe droughts in major producing countries crimp supplies — and drive up thefts in cooking oil. Global prices for olive oil surged to $8,900 per ton in September, driven by “extremely dry weather”… Continue Reading…

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Banking, Economy

“JPMorgan Sees India Share Sale Boom Reaching $30 Billion in 2024”

September 18, 2023

“…India will see at least $30 billion raised annually through primary and secondary share sales in 2024 and in the years to come, as companies and their shareholders are more willing to tap the market for funding, according to JPMorgan… Continue Reading…

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