The UK unemployment rate has risen unexpectedly and vacancies have fallen for the ninth straight month as the uncertain economic outlook weighs on the country’s jobs market. According to the latest data from the Office for National Statistics (ONS), the unemployment rate for December 2022 to February 2023 increased by 0.1 percentage points on the…
UK Unemployment Rate Rises and Vacancies Fall as Economic Woes Weigh on Jobs Market
S&P 500, Nasdaq Open Higher on Earnings Optimism
The S&P 500 and Nasdaq opened higher on Tuesday (April 18) as an upbeat quarterly report from Bank of America boosted optimism about the earnings season amid concerns about a looming recession. The Dow Jones Industrial Average fell 22.02 points, or 0.06 percent, at the open to 33,965.16. The S&P 500 opened higher by 12.94…
Goldman Sachs Profit Falls in 1st Quarter as Dealmaking Sputters
Goldman Sachs Group Inc.’s first-quarter profit fell 19 percent as sluggish dealmaking eroded the Wall Street giant’s fees from investment banking, while losses from the sale of some loans from its consumer unit, Marcus, weighed on the results. Goldman booked a $470 million loss on the sale as the bank rejigs its strategy after a…
Dollar Slides After Upbeat China Data; Aussie, Pound Rise
LONDON—The dollar fell against most major currencies on Tuesday after better-than-forecast growth data from China, while strong pay figures from Britain supported the pound. China’s gross domestic product (GDP) grew 4.5 percent year-on-year in the first three months of the year, data showed on Tuesday, beating analyst forecasts for a 4 percent expansion as the…
Oil Slips on Economy Worries, Despite China Growth Data
April 18, 2023
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil fell for a second day on Tuesday as upbeat Chinese economic data failed to deflect the focus from a possible increase to U.S. interest rates and wider concern about the growth outlook. Crude prices were also pressured by the Iraq federal government and Kurdistan Regional Government (KRG) taking a step towards a resumption in…
Stock Market Today: Shares Mixed Following China Growth Data
April 18, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global shares were mixed Tuesday as pessimism over economic and political uncertainties remained even as China reported better-than-expected growth data. France’s CAC 40 added 0.3 percent in early trading to 7,517.90. Germany’s DAX rose nearly 0.1 percent to 15,804.68. Britain’s FTSE 100 added 0.2 percent to 7,897.45. U.S. shares were set to drift higher with…
New Mexico Approves Another Round of $500 Rebates for Taxpayers
April 18, 2023
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2023 State Legislature BillsBusiness & Marketseconomic policieseconomyMichelle Lujan GrishamNew MexicoPolicies & ImpactsRegional & State NewsState NewsUSUS News
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Gov. Michelle Lujan Grisham approved sending New Mexicans rebate checks by the start of this summer when signing a tax bill last week. The governor confirmed the cash assistance payments in a Twitter post on Friday. “Our state today is in a fantastic financial position, and it’s important to me that New Mexico’s families are sharing…
Oregon Governor Signs CHIPS Bill to Help Boost Industrial Developments
April 18, 2023
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2023 State Legislature BillsBusiness & MarketsCHIPS Acteconomic policieseconomyGovernor Tina Kotekindustrial policyInvestmentOregonPolicies & ImpactsRegional & State NewsState NewsTechUSUS News
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Gov. Tina Kotek signed the Oregon CHIPS Act into law on April 13 after the bill was approved by state legislators, which would allow the governor to authorize funds in rural regions of Oregon for industrial developments. “This bill is an absolutely essential tool for leading a coordinated effort with the private sector to ensure we can…
Former UK Prime Minister Calls for World Bank Reforms to Counter Beijing
April 18, 2023
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Former British Prime Minister, David Cameron, has called for reforms at the World Bank and the International Monetary Fund (IMF) to counter Beijing’s influence. He warned that the United Kingdom also risks losing out to communist China unless it steps up foreign aid assistance, Cameron wrote in The Sunday Telegraph on April 15. “Through its…
House Republicans Tout Record During First 100 Days
April 17, 2023
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AMERICAbidenBusiness & MarketsCCP VirusChinacongressDemocratseconomic policieseconomyEducation & Family NewsenergyKevin McCarthyMarketsNational SecurityPandemic Ties to CCPPolicies & ImpactsPoliticsRepublicansUSUS News
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House Republican leaders showcased their message discipline on April 17, and made their decision to reopen the U.S. Capitol a touchstone of their record during the first 100 days of the 118th Congress. “In our first 100 days, House Republicans not only reopened the House, as our speaker talked about—the People’s House, by the way,…
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