THE number of Americans filing new claims for unemployment fell again last week, pointing to sustained labour market strength that could keep the Federal Reserve raising interest rates.
Recent Posts
Most Popular
Fed’s Williams says tariff economic impact is only just starting
Federal Reserve Bank of New York President John Williams said Wednesday that monetary policy is in the right place to...
Markets rattled by ‘credible threat’ of Trump trying to fire Jerome Powell
Many have expressed concern that even broaching the subject was potentially disruptive to the stability of US markets that have long relied...
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
Political and economic turmoil over the past few years have shook the city’s real estate sector, where office vacancies are surging to...
Goldman Sachs profits jump as CEO eyes more merger activity
Goldman Sachs reported a jump in second-quarter profits on Wednesday behind significant increases in financial advisory revenues that chief executive...