Bloomberg
Markets Don't Seem Worried About Shutdown, Slok Says
Torsten Slok, Apollo Global Management chief economist, says markets don't seem too worried about a government shutdown. But he says a prolonged shutdown could have ripple effects on the economy. He's on "Bloomberg Markets."
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Bloomberg
Federal Reserve May Cut Interest Rates in 4Q 2024, Lockhart Says
Dennis Lockhart, former president of the Federal Reserve Bank of Atlanta, discusses monetary policy and the outlook for the economy. The Fed on Wednesday left its key rate unchanged while signaling borrowing costs will likely stay higher...
Press Association
Footage of Port Talbot steelworks as thousands of job losses feared in £500 million Government deal with Tata
Footage of Tata Steel's plant at Port Talbot, south Wales, as ministers have reportedly agreed a £500 million package with Tata Steel to support plans to decarbonise two blast furnaces. Unions have warned thousands of jobs could be lost...
Press Association
Thousands of jobs at risk at Port Talbot steelworks despite £500m state aid
The Government will pump up to £500 million into Britain’s biggest steelworks as part of plans to produce “greener” steel which could also hit thousands of jobs, sources have said. Tata, the Indian conglomerate which owns the Port Talbot...
Press Association
Wilko shuts first stores as administration unfolds
Wilko will shut its first group of shops on Tuesday as the dramatic collapse of the high street chain takes shape. The historic retailer will shut 24 stores across the UK in the first phase of closures, with hundreds of workers at the...
Press Association
All 400 Wilko stores to close by early October, says union
All of Wilko’s 400 stores are set to close by early October, the GMB union has said. It means redundancies now look likely for all 12,500 staff at the high street chain. The GMB union, which represents more than 3,000 Wilko staff,...
Press Association
Wilko rescue hopes fade as talks with HMV owner collapse
A last-ditch attempt by the owner of HMV to strike a rescue deal for stricken retailer Wilko has failed, intensifying fears over the future of thousands of jobs. Administrators for the high street chain had been in discussions with Doug...
Bloomberg
Fed's Williams: Inflation Moving in the Right Direction
Federal Reserve Bank of New York President John Williams says inflation is moving in the right direction and monetary policy is in a very good place. He speaks with Bloomberg's Michael McKee at the Bloomberg Market Forum.
Bloomberg
Jobless Claims Fall to Lowest Level Since February
US initial jobless claims decreased by 13,000 to 216,000 in the week ended Sept. 2, Labor Department data showed Thursday. The figure was lower than all forecasts in a Bloomberg survey of economists. Mike McKee reports on "Bloomberg...
Bloomberg
Key US Inflation Measures Rise as Jobless Claims Decline
BREAKING: The core PCE price index rose 0.2% in July. US jobless claims fall to 228,000 in the week ended Aug. 26. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
Unemployment to Be Around 4% Next Year: ADP's Richardson
ADP Chief Economist Nela Richardson says US payrolls are "solid but fragmented" during an interview on the sidelines of the Federal Reserve Bank of Kansas City's annual economic policy symposium in Jackson Hole, Wyoming.
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Bloomberg
Jobless Claims Fall to Lowest Level in Three Weeks
Initial jobless claims decreased by 10,000 to 230,000 in the week ended Aug. 19, according to Labor Department data out Thursday. The median estimate in a Bloomberg survey of economists called for 240,000 applications. Mike McKee breaks...
Bloomberg
What S&P's PMI Report Signals for the ECB and Fed
S&P Global Market Intelligence Chief Business Economist Chris Williamson discusses the key takeaways from the S&P's August PMI report with Guy Johnson and Alix Steel on "Bloomberg Markets."
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Bloomberg
Pension Funds Pour Billions Into Alternative Assets
As the hunt for yield continues in a rough investing environment, US pension funds are investing more in alternative assets including private equity, hedge funds and real estate. David Rubenstein explains for "Bloomberg Wealth with David...
Bloomberg
Harker Says Fed Is Making Progress in Inflation Fight
"We are at a watershed moment in our economy," Federal Reserve Bank of Philadelphia President Patrick Harker says during remarks at a virtual seminar on shifting perspectives and expectations on employment.
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Bloomberg
Core CPI Rises Modestly for a Second Month, Claims Rise
The core CPI rose 0.2% for a second month, marking the smallest back-to-back gains in more than two years, while weekly jobless claims rose more than estimated. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
US Employment Rises at a More Moderate Pace in July
US nonfarm payrolls increased 187,000 last month following a similar increase in June. The unemployment rate dropped to 3.5% and wage growth rose at a firm pace. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
July Jobs Report Shows US Is Beyond Covid, Kroszner Says
Former Federal Reserve Governor Randall Kroszner discusses what the July US employment report means for Fed policy with Tom Keene and Lisa Abramwoicz on "Bloomberg Surveillance."
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Bloomberg
Jobs Data Signal Rate Hikes Over: BlackRock's Rosenberg
Jeffrey Rosenberg, BlackRock Systemic Multi-Strategy Fund portfolio manager, discusses what the July US employment report means for the yield market with Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance."
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Bloomberg
Uber Turns an Operating Profit for First Time
Uber Technologies Inc. reported its first-ever operating profit, fueled by demand for rides and delivery and marking a significant milestone as the company seeks to move beyond its cash-burning past. Mandeep Singh of Bloomberg...
Bloomberg
Tech, Finance Rightsizing: Conference Board's Peterson
Dana Peterson, chief economist at the Conference Board, says what consumers see as a "white collar recession" is more about labor shortages versus not during an interview with Lisa Abramowicz on "Bloomberg Surveillance."
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Bloomberg
US GDP Growth Unexpectedly Rose in Second Quarter
Gross domestic product rose at a 2.4% annualized rate after a 2% pace in the previous three months. US jobless claims fell further and the core PCE price index was below expectations. Mike McKee has the numbers on "Bloomberg...
Bloomberg
Why Michael Kantrowitz Is Rethinking His Market Outlook
Piper Sandler Chief Investment Strategist Michael Kantrowitz explains why he is rethinking his outlook for US stocks on "Bloomberg Markets: The Close."
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Bloomberg
Recession Risk Has Receded, Renaissance's Dutta Says
Neil Dutta, Renaissance Macro Research head of US economic research, says there's more upside to the economy than not and the US unemployment rate will not exceed 4% during an interview with Tom Keene and Lisa Abramowicz on "Bloomberg...