Goldman Sachs has changed its call for this week’s Federal Reserve meeting, now expecting a 25-basis-point rate increase after previously forecasting no change. The shift follows a sharp repricing in …
Business
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UBS expects the Federal Reserve to raise interest rates twice this year after a stronger-than-expected August jobs report reinforced expectations of a resilient US economy. The bank now forecasts 25-basis-point …
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Business
US jobs rebound in August with 162,000 payrolls increase: is a Fed rate hike coming?
by adminby adminThe US economy added a significant number of jobs in August, reversing a summer slowdown in hiring and reinforcing the likelihood of a rate hike from the Fed this month. …
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Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a …
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Business
US layoffs jump 58% in August over July, but remain lowest for the month since 2022
by adminby adminUS employers announced more than 52,000 planned job cuts in August, marking a sharp increase from July but remaining well below last year’s levels, according to Challenger, Gray & Christmas. …
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Business
US jobless claims rise slightly as labor market remains in slow hire, slow fire phase
by adminby adminThe number of Americans filing new claims for unemployment benefits increased slightly last week, offering little evidence of a meaningful deterioration in the labor market as August came to an …
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Business
Bill Simmons under review by Massachusetts authorities after admitting to proxy sports betting
by adminby adminBill Simmons, the popular sports podcaster who has championed sports betting, is under review by the Massachusetts Gaming Commission after he admitted on a recent episode to using his daughter’s …
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Business
US private payrolls rise just 38,000 in August as hiring momentum weakens: ADP
by adminby adminUS private employers added jobs at a slower-than-expected pace in August, with hiring increasingly concentrated in healthcare and a handful of other industries, suggesting the labor market is losing momentum …
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The US labor market showed mixed signals in July, with job openings increasing modestly even as employers pulled back on hiring. Job openings, a measure of labor demand, rose by …
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Business
Days after Trump announces Venezuela oil deal, White House fills in some of the details
by adminby adminWASHINGTON — The White House on Monday said it’s partnering with North American Blue Energy Partners as part of President Donald Trump’s push to tap into Venezuela’s oil industry, setting …