The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation. Initial claims for state unemployment benefits rose 9,000 to a…
Wall Street Opens Higher as Jobless Claims Data Calm Rate Hike Jitters
Wall Street’s main indexes opened higher on Thursday as data pointing to signs of a cooling labor market eased worries over future interest rate hikes by the U.S. Federal Reserve. The Dow Jones Industrial Average rose 145.72 points, or 0.44 percent, at the open to 33,021.43. The S&P 500 opened higher by 22.23 points, or…
Dollar Slips as Traders Weigh China Outlook; Sterling Gains
SINGAPORE/LONDON—The dollar slipped on Thursday after rising in the previous session, with investors on edge at the end of the year as initial optimism over China’s reopening fizzled. The yen was last 0.56 percent higher at 133.72 against the dollar. That followed a 0.73 percent fall on Wednesday which saw the yen hit a one-week…
Oil Falls as China COVID-19 Spike Dampens Demand Outlook
December 29, 2022
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LONDON—Oil prices fell by over 2 percent on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer. Brent futures for February fell $1.67, or 2.01 percent, to $81.59 a barrel by 0953 GMT. The more active March contract fell 1.79 percent to…
World Shares Extend Losses After Wall Street Decline
December 29, 2022
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BANGKOK—Shares slipped in Europe and Asia on Thursday after benchmarks fell more than 1 percent on Wall Street in the middle of a mostly quiet and holiday-shortened week. U.S. futures were mixed and oil prices declined more than $1 a barrel. Investors are watching to see how China’s relaxation of its stringent COVID-19 policies, and…
[PREMIERING at 4 PM ET] What You Need to Know | Counterculture
In this episode of Counterculture, Danielle discusses how the Left tries to force on us a “cult of experts.” But we seek the truth. Danielle interviews Michael Wilkerson, former CEO of the publicly traded company Lazard, about whether or not a recession is coming and what that means for our economy. – BUY Jan 6…
What You Need to Know | Counterculture
In this episode of Counterculture, Danielle discusses how the Left tries to force on us a “cult of experts.” But we seek the truth. Danielle interviews Michael Wilkerson, former CEO of the publicly traded company Lazard, about whether or not a recession is coming and what that means for our economy. …
Canada Economic Outlook for 2023: How Bad Could a Likely Recession Be?
News Analysis A trio of economy-related questions being asked as the calendar turns to 2023 are, how bad will the potential recession be, by how much will inflation come down, and will the Bank of Canada have to start cutting interest rates? A recession for an open, medium-sized economy like Canada’s seems unavoidable given that…
US Home Sales Fall Again, Posts Second-Lowest Monthly Reading in 20 Years
U.S. pending home sales tumbled 4 percent in November, according to the National Association of Realtors (NAR). This is up from the 4.6 percent drop in October, but the reading was worse than the market estimate of a 0.8 percent dip. On a year-over-year basis, pending home sales plummeted 37.8 percent, down from the 37…
Wall Street Opens Subdued as Investors Digest China Reopening
Wall Street’s main indexes opened muted on Wednesday as optimism around unwinding of pandemic restrictions by China was offset by worries about rising COVID-19 cases in the world’s second-largest economy. The Dow Jones Industrial Average rose 23.20 points, or 0.07 percent, at the open to 33,264.76. The S&P 500 opened higher by 0.31 points, or…
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