Bloomberg
Jobless Claims Jump to Highest Level Since October 2021
Applications for US unemployment benefits to 261,000 in the week ended June 3 and continuing claims fell to 1.76 million in the week ended May 27. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
Doomers Vs. Data: Who Should You Trust?
Bloomberg Opinion contributor Kyla Scanlon says the Bureau of Labor Statistics is our friend.
Bloomberg
Pause or Hike
Barbara Reinhard, Voya Capital Head of Asset Allocation & Erin Browne, PIMCO Multi-Asset Strategies Portfolio Manager discuss the potential pause in the Fed's tightening and what it will take for the Fed to get down to their two percent...
Bloomberg
NAACP's Johnson on the Debt Deal
NAACP President & CEO Derrick Johnson gives his remarks on the Debt Limit deal that passed Thursday night in the Senate. Johnson also discusses the idea of eliminating the debt ceiling and weighs in on the May jobs report as Black...
Bloomberg
Jobs Report Suggests Fed Pause, iCapital's Amoroso Says
"In parts of the market it is absolutely the time to lock in partial profits," Anastasia Amoroso, iCapital's chief investment strategist, says during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Fed Won't Cut Rates Anytime Soon, Kroszner Says
"The Fed is going to hang tough," Former Federal Reserve Governor Randall Kroszner says while discussing what the May US employment report means for Fed monetary policy on "Bloomberg Surveillance."
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Bloomberg
Biden Urges Both Chambers to Pass Debt Agreement
President Joe Biden urged both chambers of Congress to pass the legislation after he and House Speaker Kevin McCarthy reached an agreement to avert a historic US default.
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Bloomberg
Disinvesting In Our Future
Paul Krugman, Nobel Laureate in Economic Sciences discusses where we should be placing our concern when it comes to the US government's growing debt.
Bloomberg
Economists Trim China GDP Forecasts, See RRR Cut Sooner
Economists surveyed by Bloomberg now expect China's gross domestic product to expand 5.5% this year from a year ago, edging down from a prior estimate of 5.6%. They also said the central bank will likely cut the reserve requirement ratio...
Bloomberg
JPMorgan Cuts 1,000 First Republic Staffers
JPMorgan notified about 1,000 First Republic Bank employees that they aren't being given jobs even temporarily following its takeover of the failed lender. Hannah Levitt reports on "Bloomberg Markets: The Close."
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Bloomberg
UK Shadow Chancellor Outlines Labor's Economic Plans
UK Shadow Chancellor Rachel Reeves says the link between hard work and fair reward has been broken for too many British families - and with 'securonomics' families will be offered with security, strength and resilience. She spoke to...
Bloomberg
DHL Express CEO: Air Cargo Market Has Hit The Bottom
DHL Express CEO Mike Parra told Bloomberg's Alix Steel, Kriti Gupta and Guy Johnson that the air cargo market has hit the bottom and expects a rebound. Parra said this Tuesday morning on "Bloomberg Markets: Americas."
Press Association
BT Group to cut up to 55,000 jobs by end of decade
BT Group has said it will cut between 40,000 and 55,000 jobs by the end of the decade as part of plans to slash costs and overhaul its workforce.
The telecoms giant currently has around 130,000 employees but plans to reduce that number...
Press Association
Sir Keir Starmer gives a speech at the British Chamber of Commerce
Labour leader Sir Keir Starmer sets out 5 key shifts economic shifts a Labour government would bring in, while talking at the British Chambers of Commerce.
Press Association
Vodafone cutting 11,000 jobs as boss says group ‘must change’
Mobile phone giant Vodafone’s new boss has revealed plans to slash 11,000 jobs across the group over the next three years as she said the firm “must change” to address its poor performance.
Margherita Della Valle, recently appointed...
Bloomberg
McCarthy Says Debt Deal Still Possible by End of Week
US House Speaker Kevin McCarthy said a deal to raise the debt ceiling and avoid an unprecedented US default is possible within days but acknowledged that both sides are still far apart.
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Press Association
Leo Varadkar welcomes investment and jobs at Analog Devices
Leo Varadkar says he welcomes new investment and 600 new jobs at Analog Devices in Limerick.
Bloomberg
Fed Will Hike 25 Bps at Next Meeting: JPMorgan's White
Phoebe White, JPMorgan executive director and head of US inflation strategy, says the US is
headed for recession and the Federal Reserve still has an inflation fight ahead on "Bloomberg Markets: The Close."
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Bloomberg
Recruiter on Bankers Seeking Jobs as the Banking Crisis Unfolds
Will Tan, Managing Director at Principle Partners, says he's fielded hundreds of calls from Credit Suisse staff after the Swiss bank spiralled into crisis.. He speaks with Rishaad Salamat, David Ingles and Yvonne Man on "Bloomberg...
Bloomberg
Historic Week of Bank Turmoil
Peter Kraus, Aperture Investors Chairman and CEO discusses why risks are hard to take right now as an investor and whether there are mismatches in the banking system. He also explains why liquidity created by the banking crisis made...
Bloomberg
Summers Favors a 25 BPS Hike
Former US Treasury Secretary Lawrence H. Summers tells us why he believes a 25 basis-point move would be favorable and cautions US regulators from moving too strongly against regional banks.
Bloomberg
Evaluating the Fed's Next Move
Sonal Desai, Franklin Templeton Fixed Income CIO & Dennis DeBusschere, 22V Research President, Partner and Chief Market Strategist dive into what credit is trying to tell us and whether rate cuts are the true answer.
Bloomberg
US Jobless Claims Rise for First Time in Three Weeks
US initial jobless claims ticked up for the first time in three weeks. Mike McKee reports on "Bloomberg The Open."
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Bloomberg
Summers on the Inflation Fight
Former US Treasury Secretary Lawrence H. Summers breaks down the latest reading on US PCE and shares that it's "plausible" the recent banking woes may subside without a big impact on credit, leaving in place "serious inflation issues."