Over Half A Million Jobs Were Created Last Month. Here’s The Catch:
forbes.com/sites/jackkelly/2022/08/09/over-half-a-million-jobs-were-created-last-month-heres-the-catch/
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| Last Updated | Aug 11 22 |
| Total Articles | 5 |
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About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
pbs.org/newshour/economy/about-1-in-4-us-adults-over-50-say-they-expect-to-never-retire-an-aarp-study-finds
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
To fight inflation, we should look for ways beyond the Fed’s policies: The obvious problem is that almost total reliance on the Fed to defeat inflation by ...
thehill.com/opinion/4611543-to-fight-inflation-we-should-look-for-ways-beyond-the-feds-policies/
Inflation’s Last Mile Will Test Jerome Powell and the Federal Reserve: Slower disinflation and approaching elections are a dangerous combination.
bloomberg.com/opinion/articles/2024-04-23/inflation-s-last-mile-will-test-jerome-powell-and-the-federal-reserve
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Powell's 'Restrictive' Approach Lets Fed Stay Flexible: Words matter when Fed Chair Jerome Powell makes announcements, and the central bank is very carefully ...
inc.com/reuters/powells-restrictive-approach-lets-fed-stay-flexible.html
Jamie Dimon says US has less than 50% odds of nailing a soft landing: "It looks a little bit more like the '70s to me, and I point out to a lot of people ...
businessinsider.com/jamie-dimon-soft-landing-outlook-recession-inflation-jpmorgan-geopolitics-2024-4
JPMorgan CEO Dimon says ‘unbelievable’ US economy is booming: One of corporate America's most prominent executives on Tuesday expressed confidence in a ...
dailysabah.com/business/economy/jpmorgan-ceo-dimon-says-unbelievable-us-economy-is-booming
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Poll: Biden economy is a big concern for independent Mass. voters: Independents are less likely to share Democrats’ rosy take on the state’s economy ...
bostonglobe.com/2024/04/25/business/massachusetts-voter-poll-independents-biden-economy/
Will the Fed cut rates this year?: Recent economic data have shown inflation stubbornly above the Fed's 2% target, putting rate cuts in jeopardy ...
bondbuyer.com/leaders/will-the-federal-reserve-cut-rates-this-year
Surge in home insurance costs adding more inflation pressure on Americans: Surging home insurance premiums are the latest obstacle to homeownership for millions ...
foxbusiness.com/economy/surge-home-insurance-costs-adding-more-inflation-pressure-on-americans
American dream under threat from harsh realities of inflation: In the wake of the surge in inflation seen in recent years, the economic landscape in the US is ...
arabnews.com/node/2498616
Trump’s economic agenda would make inflation a whole lot worse: Voters trust Donald Trump to handle inflation better than Joe Biden, according to the polls ...
vox.com/2024-elections/24137666/trump-agenda-inflation-prices-dollar-devaluation-tariffs
CNN Poll: Few think Trump is being treated the same as other defendants: As the first criminal prosecution of a former American president began just 13% ...
cnn.com/2024/04/25/politics/cnn-poll-trump-trial/
Bernie Sanders to Netanyahu: 'It Is Not Antisemitic to Hold You Accountable': "Please, do not insult the intelligence of the American people by attempting to ...
commondreams.org/news/sanders-netanyahu-antisemitism
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
Paid articlePaidQuick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
How the US Stole $600 Billion From African Americans: 'Black Tax' Book Review
bloomberg.com/news/articles/2024-04-24/how-the-us-stole-600-billion-from-african-americans-black-tax-book-review
Hacker attacks: What China can use stolen data for: China collects personal information on Americans and other foreigners. This data on millions of people helps ...
nzz.ch/technologie/china-hacker-datenleak-wozu-china-die-vielen-gestohlenen-daten-verwenden-koennte-ld.1825055
Quick Glance: What Lies Ahead for TikTok in the US?
- The US Senate has unanimously approved a bill that could potentially lead to the banning of TikTok within nine months, unless its Chinese owner, ByteDance, withdraws from the video-sharing app due to concerns about national security threats.
- President Joe Biden has confirmed his intention to sign the legislation on Wednesday.
- ByteDance acquired the well-known karaoke app Musical.ly and rebranded it as TikTok back in 2017. It has become one of the fastest-growing applications in the United States, boasting 150 million monthly subscribers.
Biden notches another union endorsement as building trades back reelection: President Joe Biden secured another union's backing on Wednesday as the organization ...
reuters.com/world/us/biden-notches-another-union-endorsement-building-trades-back-reelection-2024-04-24/
Quick Glance: Biden criticizes Florida's abortion ban and holds Trump accountable
- President Biden condemns the upcoming 6-week abortion ban in Florida.
- He blames Trump for appointing justices who overturned Roe v. Wade.
- Biden's campaign focuses on abortion rights to mobilize voters.
- Efforts to leverage Florida's abortion laws for political gain are highlighted.
Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform
ft.com/content/d84df824-19c0-4105-ae95-816dd0618efb
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
16 million Californians use TikTok. Soon, it could go away. What would that mean?
sacbee.com/news/politics-government/capitol-alert/article287974225.html
Biden meets 4-year-old Abigail Edan, an American who was held hostage by Hamas: President Joe Biden has met at the White House with Abigail Edan ...
apnews.com/article/biden-abigail-edan-hostage-child-release-hamas-a4dd8ec2c1753730695f68dd64c6bc29
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
US economic growth slows but inflation grows: The world's largest economy grew less than expected but rising inflation may delay a rate cut.
bbc.com/news/business-68898432
Union leader endorsing Biden: ‘We’re not gonna waste a lot of time’ on Trump supporters
thehill.com/homenews/campaign/4617991-building-trades-union-endorses-biden/
Big pension increase in the summer but was that it?: Pensions will rise more sharply in July than previously thought. But the increases could shrink ...
hna.de/wirtschaft/grosse-rentenerhoehung-im-sommer-zukunft-rente-inflation-inflationspraemie-rentner-kaufkraft-zr-93032410.html
Clinton says Trump’s threats ‘should scare every American’: Former Secretary of State Hillary Clinton said Americans regardless of their politics should fear the ...
thehill.com/homenews/campaign/4611798-clinton-says-trumps-threats-should-scare-every-american/
RFK Jr. vows to put 'U.S. budget on blockchain' to increase transparency - UPI.com
upi.com/Top_News/US/2024/04/22/Robert-F-Kennedy-Jr-budget-blockchain/4461713831076/
Why experts say inflation is relatively low but voters feel differently: Grocery prices are a key component of any household budget, and rising food prices can ...
npr.org/2024/04/25/1247177492/why-experts-say-inflation-is-relatively-low-but-voters-feel-differently
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
Paid articlePaid Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
BOJ to project inflation will stay around target, signal chance for rate hike: The Bank of Japan is expected to project inflation will stay around its 2% target ...
reuters.com/markets/asia/boj-project-inflation-will-stay-around-target-signal-chance-rate-hike-2024-04-22/
Singapore core inflation eases more than expected to 3.1% in March: Both core and overall inflation dipped from the previous month and came in well below analyst ...
straitstimes.com/business/singapore-core-inflation-eases-more-than-expected-to-31-in-march
Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
usatoday.com/story/opinion/voices/2024/04/24/california-minimum-wage-restaurants-fast-food-raise-prices/73332922007/
Argentina's Milei revs up chainsaw and blender in fiscal deficit attack: Argentina's libertarian President Javier Milei is revving up his attack on the country's ...
reuters.com/markets/argentinas-milei-revs-up-chainsaw-blender-fiscal-deficit-attack-2024-04-23/
Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...
foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns
Roku Q1 Results Show Benefits Of Streaming Price Hikes: Roku posted solid first-quarter financials, with positive results in several key metrics illustrating the ...
deadline.com/2024/04/roku-q1-earnings-show-streaming-price-hikes-1235895379/
Milei sparks wild rally that makes peso number one in the world: Four months into office, President Javier Milei has pulled off a critical feat in a country ...
batimes.com.ar/news/economy/javier-milei-sparks-wild-rally-that-makes-peso-number-one-in-the-world.phtml
Unilever beats sales forecast as customers return to brands: Unilever beat first-quarter sales forecasts on Thursday as the maker of Dove soaps and Hellmann's ...
reuters.com/business/retail-consumer/unilever-beats-quarterly-sales-growth-expectations-2024-04-25/
Federal government raises economic forecast slightly: The German economy is experiencing weak growth - for how much longer? There are increasing signs of ...
fr.de/wirtschaft/bundesregierung-hebt-konjunkturprognose-leicht-an-zr-93030997.html
Quick Glance: CDU Official Demands Halt to Nuclear Power Plant Decommissioning
- A revelation from "Cicero" magazine indicates that the decision for Germany's nuclear phase-out was primarily driven by green anti-nuclear activists, sparking harsh criticism towards Economy Minister Robert Habeck.
- The Economy Ministry refutes the "Cicero" portrayal, emphasizing that decisions were based on transparent and open-ended evaluations.
- The CDU and FDP criticize Habeck, calling for clarification and a reassessment of the nuclear power plant decommissioning.
- Experts and politicians express concerns over potential public misrepresentation and the erosion of trust in the government due to the revelations from the documents.
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
BOJ will hike rates if trend inflation accelerates, gov Ueda says: The Bank of Japan will raise interest rates again if trend inflation accelerates toward its 2% ...
reuters.com/markets/asia/boj-will-hike-rates-if-trend-inflation-accelerates-says-gov-ueda-2024-04-23/
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
theage.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Central Bank holds key interest rate steady at 50 percent - Türkiye News: As widely expected, Türkiye’s Central Bank has kept its policy rate — the one-week repo ...
hurriyetdailynews.com/central-bank-holds-key-interest-rate-steady-at-50-percent-192815
ECB’s Panetta Warns Cuts Needed to Avoid Ultra-Low Rates Later
bloomberg.com/news/articles/2024-04-25/ecb-s-panetta-warns-cuts-needed-to-avoid-ultra-low-rates-later
Paid articlePaid Bank of Japan may signal near-term rate hike with new price forecasts: The Bank of Japan on Friday is set to project inflation will stay near its 2% target in ...
reuters.com/markets/rates-bonds/bank-japan-may-signal-near-term-rate-hike-with-new-price-forecasts-2024-04-25/
Bitcoin analysts agree that BTC has ‘a lot further to run’: Bitcoin on-chain and market cycle data all suggest higher baseline prices for BTC in the months ...
cointelegraph.com/news/bitcoin-analysts-agree-that-btc-has-a-lot-further-to-run
Central Bank lowers key rate to 60%: Policymakers at Argentina’s Central Bank lower interest rates to 60% from 70% as officials bet on a sustained slowdown of ...
batimes.com.ar/news/economy/argentinas-central-bank-lowers-key-rate-to-60.phtml
US Treasuries Slide After GDP Data as Inflation Pressures Temper Fed Rate Cuts: Treasuries slid as signs of sticky price pressures in a reading of first-quarter ...
bloomberg.com/news/articles/2024-04-25/treasuries-drop-as-first-quarter-price-pressures-temper-fed-cuts
Gold miner Newmont tops profit estimates; asset sale attracts strong interest: Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday ...
reuters.com/markets/commodities/newmont-beats-quarterly-profit-estimates-2024-04-25/
The Dow drops 375 points on low economic growth, high inflation, and weak tech earnings
qz.com/dow-jones-stocks-gdp-inflation-tech-earnings-1851435533
Wall St loses over 1% amid fading rate-cut hopes: Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S ...
reuters.com/markets/us/futures-falter-meta-platforms-weighs-megacaps-2024-04-25/
Gradual volume recovery, valuations to support Hindustan Unilever's stock: Hindustan Unilever: The premium portfolio growth across categories was healthy ...
business-standard.com/markets/stock-market-news/gradual-volume-recovery-valuations-to-support-hindustan-unilever-s-stock-124042501184_1.html
Paid articlePaid Austria - an expensive country for workers: According to the OECD, Austria places a higher burden on labor income than almost any other country in the world ...
diepresse.com/18406310/oesterreich-ein-teures-land-fuer-arbeitnehmer
Paid articlePaid Turkey Pauses Rate Hikes Ahead of Inflation Peak Near 70%: Turkey’s central bank kept interest rates unchanged, pausing a month after surprising markets with a ...
bloomberg.com/news/articles/2024-04-25/turkey-pauses-rate-hikes-ahead-of-inflation-peaking-at-over-70
Paid articlePaid
ECB should not only target inflation - France's Macron: The European Central Bank should no longer focus solely on keeping inflation under control ...
euractiv.com/section/economy-jobs/news/ecb-should-not-only-target-inflation-frances-macron/
Morgan Stanley Warns of Possible Tokyo CPI Yen Shock Before BOJ: Morgan Stanley MUFG Securities economists flagged a risk of Tokyo inflation data causing a ...
bloomberg.com/news/articles/2024-04-25/morgan-stanley-warns-of-possible-tokyo-cpi-yen-shock-before-boj
Latest Oil Prices, Market News and Analysis for April 26: Oil headed for a narrow weekly gain ahead of US inflation data that will give further clues on the path ...
bloomberg.com/news/articles/2024-04-25/latest-oil-market-news-and-analysis-for-april-26
Dow tumbles nearly 700 points as new inflation fears dent hopes of Fed rate cut: Stocks tumbled on Thursday, dragged down by growth stocks after dour quarterly ...
nypost.com/2024/04/25/business/dow-tumbles-nearly-700-points-as-new-inflation-fears-dent-hopes-of-fed-rate-cut/
Market Tensions Reflect in Ibovespa’s Minor Decline: In a day marked by mixed economic signals and internal corporate news, the Ibovespa index closed down ...
riotimesonline.com/market-tensions-reflect-in-ibovespas-minor-decline/
Madison Moderate Allocation Fund Q1 2024 Investment Strategy Letter: The U.S. stock market held the course set by the explosive rally to end 2023 over the first ...
seekingalpha.com/article/4686051-madison-moderate-allocation-fund-q1-2024-investment-strategy-letter
'Taylor Swift' bills would crack down on bot ticket purchases, inflated resale prices
detroitnews.com/story/news/politics/2024/04/25/taylor-swift-bills-would-crack-down-on-bot-ticket-purchases-inflated-prices-arizona-eras-tour/73457861007/
Grim advert shows iconic Aussie habit is dead: ANALYSIS
news.com.au/finance/business/other-industries/grim-ad-shows-australian-cafe-habit-is-dying/news-story/0c9193d5d8d99fdfb739a6a5d98384cf
FTC chief says tech advancements risk health care price fixing: Price fixing removes competition from the market and generally makes goods and services more ...
bostonherald.com/2024/04/25/ftc-chief-says-tech-advancements-risk-health-care-price-fixing/
Argentina’s Confidence Boosted by Second Rate Cut: In a bold move to combat skyrocketing inflation, the Argentine Central Bank has reduced its benchmark interest ...
riotimesonline.com/argentinas-confidence-boosted-by-second-rate-cut/
US economy facing stagflation risk after Q1 GDP report, not recession: As US growth shows signs of sputtering and inflation keeps rising, a re-run of the ...
businessinsider.com/stagflation-recession-us-economy-outlook-gdp-dimon-inflation-rate-cuts-2024-4
Long-term Treasury bond ETFs under pressure as investors weigh GDP report: Exchange-traded funds that buy long-term Treasury bonds were under pressure Thursday ...
trib.al/UA2GI98
Inflation Past Keeps Markets Guessing on What's Next: Traders were spooked as first-quarter core inflation came in worse than expected ...
bloomberg.com/opinion/articles/2024-04-25/inflation-past-keeps-markets-guessing-on-what-s-next
Paid articlePaid
Higher for longer: How businesses are struggling with sky-high costs even as inflation eases
businesspost.ie/news/higher-for-longer-how-businesses-are-struggling-with-sky-high-costs-even-as-inflation-eases/
Paid articlePaid
Inflation: Everything is getting more expensive - Savings tips from Göttingen: Whether food, gasoline, electricity or vacation - everything has become more ...
goettinger-tageblatt.de/lokales/goettingen-lk/goettingen/inflation-alles-wird-teurer-spartipps-von-goettingern-YV4NOADKSBGRLGYT3CMAOH6OBQ.html
Paid articlePaid Argentina: Universities threatened with closure due to Milei's austerity measures
nzz.ch/international/warnschuss-fuer-javier-milei-hunderttausende-protestieren-gegen-seinen-sparkurs-gegenueber-oeffentlichen-universitaeten-ld.1827884
Middle East escalation could trigger energy shock that fuels inflation, World Bank warns
cnbc.com/2024/04/25/middle-east-escalation-could-trigger-energy-shock-that-fuels-inflation-world-bank-warns.html
Indonesia raises interest rates to support sliding rupiah: Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
ft.com/content/e3f75d49-c3bf-408c-b8a4-e8c599dba384
Commodity prices could keep inflation high, warns World Bank: Sharp falls in commodities are unlikely to continue, says lender, making it harder for central ...
ft.com/content/769c8c79-312a-49d9-9451-a91e1b4a6faf
Stocks Hit as GDP Brings ‘Worst of Both Worlds’: Markets Wrap: Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a ...
dailymaverick.co.za/article/2024-04-25-stocks-hit-as-gdp-brings-worst-of-both-worlds-markets-wrap/
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