Tag: Economies

Job Openings Keep Rising, on Pace to Set Record: Indeed Hiring Lab

Real-time job openings data from Indeed Hiring Lab show the number of vacancies in the United States continuing to climb and on pace to hit a record high when the government publishes official statistics next month. There were an estimated 11.6 million job openings in the United States as of Sept. 24, according to an…


IPOs Slow Down Globally in Q3 After Frenetic 2021 Start

Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data. IPOs in the third quarter raised a total of about $94.6…


Oil Shrugs Off Higher US Crude Stocks, Strong Dollar

LONDON—Oil prices held steady on Thursday after rising above $80 a barrel this week, shrugging off bearish factors such as rising U.S. crude oil inventories and a strong dollar amid consensus that a supply deficit will stay for coming months. Brent crude for November delivery was up 21 cents at $78.85 a barrel by 0856…


World Shares Mostly Higher After US Averts Shutdown

European shares and U.S. futures climbed Thursday after U.S. lawmakers moved to avert a government shutdown. Germany’s DAX edged 0.1 percent higher to 15,378.85 while the CAC 40 in Paris added 0.5 percent to 6,593.48. In London, the FTSE 100 also gained 0.5 percent, to 7,146.51. The future for the Dow industrials was 0.7 percent…


Powell: ‘Tension’ Between Jobs, Inflation Is the Chief Challenge Facing Fed

Resolving “tension” between high inflation and still-elevated unemployment is the most urgent issue facing the Federal Reserve right now, Fed Chair Jerome Powell said Wednesday, acknowledging the central bank’s two goals are in potential conflict. “This is not the situation that we have faced for a very long time and it is one in which…


Air France-KLM Eyes Capital Options, US Bookings Surge

PARIS—Air France-KLM is looking at raising fresh funds soon after completing a share issue earlier this year, bolstered by a positive trend in bookings since the United States announced a reopening to Europeans, its chief executive said on Wednesday. “We did at our annual general meeting in May request from our shareholders’ flexibility on how…


Cost Savings May Drive More Spanish Bank Mergers, Say Executives

MADRID—Cost savings arising from domestic consolidation in the Spanish banking sector should be a driver for more potential deals, bank executives told a financial event in Madrid on Wednesday. Facing ultra low interest rates and the impact of the COVID-19 pandemic, European banks are under growing pressure to cut costs, either on their own or…


Wall Street Firms Dust Off Plans as Debt Limit Talks Go to the Wire

WASHINGTON—Wall Street firms are sounding alarm bells and dusting off contingency plans as fears grow that Congress may fail to reach a deal to raise the country’s debt limit in time, executives said. Federal government funding is due to expire on Thursday and borrowing authority is set to run out on Oct. 18. A failure…


As Americans Spend, Credit Card Debt Is Ticking Back Up

NEW YORK—Early in the pandemic, there were encouraging and surprising signs about the decline of credit card debt. Now, that trendline seems to be changing. Many Americans stayed at home at the start of COVID-19 and did not spend like they usually do. They also received several rounds of emergency cash assistance, helping to chop…


S&P 500, Dow Gain Amid Inflation Concerns, Debt Ceiling Debate

NEW YORK—Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate keeping a lid on gains. The S&P 500 index and the Dow Jones Industrial Average advanced, but the Nasdaq Composite closed lower as Treasury…