US JOB OPENINGS
Here comes the 'KHive': Buzz for Kamala Harris grows after Joe Biden's debate stumble
Harris has been criticized throughout her three-plus years in office, with articles examining her management of the border crisis and her struggle to define her tenure in the often-thankless role of vice president. She has proved unpopular enough among voters that she has often not been immediately thought of as President Joe Biden's obvious successor, with Democratic stalwarts often naming governors like Gretchen Whitmer of Michigan and Gavin Newsom of California as more appealing choices.
US weekly jobless claims rise labor market slows
The labor market shows signs of easing as unemployment benefits claims increase. Layoffs rise due to interest rates impacting demand, and challenges in seasonal data adjustments persist. Market anticipates Fed's potential rate cuts. Job cuts decrease in June, but higher than last year. Nonfarm payrolls data may reveal job increase. Job openings ratio remains steady, while Fed deliberates policy changes post-hikes. Continuing claims rise due to policy effects.
US job openings rise to 8.1 million despite higher interest rates
U.S. job openings increased slightly to 8.1 million in May, despite higher interest rates aimed at cooling the labor market, as reported by the Labor Department. Layoffs rose slightly, while the number of Americans quitting their jobs remained stable. The economy and job market have shown resilience despite the Federal Reserve's efforts to raise rates. Job openings have decreased since a peak in March 2022, signaling a possible slowdown in the economy.
Megacaps boost Nasdaq in choppy trade; jobs data in focus
Semiconductor stocks such as Advanced Micro Devices, Arm Holdings and Micron Technology fell between 1% and 4%, pulling the Philadelphia SE Semiconductor index to a near one-week low.
Despair in the air: For many voters, the Biden-Trump debate means a tough choice just got tougher
Apart from the sizable and pumped-up universe of Donald Trump's supporters, the debate suddenly crystalized the worries of many Americans, a portion of President Joe Biden's supporters among them, that neither man is fit to lead the nation.
US presidential debate: Biden 'like a Palestinian' in exchange on Israel, says Donald Trump
During a presidential debate at CNN headquarters, Donald Trump accused US President Joe Biden of siding with Palestinians by allegedly refusing to help Israel "finish the job" against Hamas. Trump claimed Biden has become like a weak Palestinian. Biden defended his economic record and criticized Trump, but struggled with his delivery. The debate highlighted their stark differences on issues like abortion, the economy, and foreign policy.
- Go To Page 1
US stocks close slightly lower; jobs data strong but rates still high
Wall Street stocks ended slightly lower on Friday after strong U.S. jobs data raised concerns about the Federal Reserve's stance on interest rates. The Labor Department reported 272,000 jobs in May, exceeding expectations, with a 4% unemployment rate.
US adds far more jobs than expected in May
The U.S. job market showed strong growth in May, with nonfarm payrolls increasing by 272,000 jobs, surpassing economists' expectations. The unemployment rate rose slightly to 4.0%, ending a 27-month streak below 4%. Despite recent softening, the labor market's resilience has kept the Federal Reserve cautious about cutting interest rates, likely delaying any rate cuts until at least September. However, other indicators suggest the job market may be loosening, prompting the Fed to closely monitor economic conditions to avoid overcooling the economy.
Gold Price Today: Yellow Metal opens flat at Rs 73,239 per 10 grams, silver rises Rs 3,200 in a day
Gold and silver prices at MCX remained flat with gold opening at Rs 73,239 per 10 grams and silver at Rs 93,650/kg.
Tokyo shares range-bound after mixed US finish
Tokyo stocks traded in a narrow range on Friday after a mixed finish on Wall Street as investors await key US jobs data. "The Tokyo market is expected to stay within a narrow range in early trade after the US market ended mixed," brokerage house Monex said.
World stocks at record high after cautious ECB rate cut
It was enough to snip the pan-European STOXX 600's gains back to 0.6%, while the euro inched up to almost $1.0890 against the dollar and government bond yields - which reflect borrowing costs and move inversely to price - ticked up too.
US clears way for antitrust inquiries of Nvidia, Microsoft and OpenAI
Federal regulators are proceeding with antitrust investigations into Microsoft, OpenAI, and Nvidia in the AI industry. The Justice Department and FTC are leading the investigations, signaling increased scrutiny into AI technology.
US dollar gains after stronger-than-expected services sector data
The Institute for Supply Management said its nonmanufacturing purchasing managers index rose to 53.8 last month from 49.4 in April. May's reading, the highest since August, overshot estimates of all 59 economists in a Reuters poll that had pegged the median expectation at 50.8.
Cryptocurrency prices on June 5: Bitcoin rises 3% to above $71,000 on Fed rate cut expectation
Bitcoin price surged by 3% to $71,000 in the last 24 hours, driven by expectations of a Federal Reserve rate cut in September following soft U.S. job openings data. Ethereum reached $3,807 and altcoins like BNB and Solana also saw significant increases.
European shares rebound tracking global sentiment on soft US jobs data
European shares opened higher on Wednesday, mirroring global sentiment as a soft U.S. labour market data firmed bets of a rate cut from the Federal Reserve, ahead of the European Central Bank's key rate verdict later this week.
Tokyo stocks open lower
Tokyo stocks opened lower on Wednesday, weighed down by a stronger yen against the dollar despite gains on Wall Street. The dollar fetched 155.35 yen in early Asian trade, up from 154.80 yen in New York, but still down from 155.91 yen in Tokyo late Tuesday.
Wall Street stocks end slightly higher as weak jobs data supports rate cut
U.S. stocks rose on Tuesday as labor market data hinted at a Fed rate cut. Axos Financial dropped after Hindenburg Research shorted the stock.
US stocks slip in choppy trading after weaker jobs data
Oil companies Exxon Mobil and Chevron dropped 2.3% and 1.5%, respectively, as demand concerns weighed on crude prices. Energy stocks led S&P 500 sectoral declines with 1.5% fall. Small-cap stocks, typically more sensitive to economic expectations, declined 1.2%, while the rate-sensitive real estate sector gained 0.9%.
US job openings fall more than expected in April
US job openings fell in April to the lowest level in over three years, signaling softening labor market conditions that could aid the Federal Reserve's inflation fight.
Gold prices today: Yellow metal opens at Rs 72,160 per 10 grams, silver at Rs 92,099 per kg
Gold and silver gained after disappointing U.S. manufacturing PMI data and weakness in dollar index. In international markets, gold and silver futures settled higher.
Fed's Williams says he doesn't feel urgency to cut rates right now
Williams stated that the economy's behavior over the past year provides ample evidence that monetary policy is restrictive in a way that helps achieve their goals. He made these remarks in the text of a speech prepared for delivery before a gathering of the Economic Club of New York.
Study abroad: US, UK, Canada, Germany, Australia — which is the best country for Indian students in terms of education cost, scholarships, jobs?
Aspiring to pursue higher studies at prestigious universities like Harvard, Cambridge, Stanford, Oxford, MIT, and others is a common goal for many Indian students. However, achieving this aspiration often presents numerous challenges. Before making a final decision about studying abroad at these highly sought-after destinations, it's essential to carefully consider various factors. Let's explore the key considerations for Indian students aiming to study in these top 5 destinations.
India has abundance of talent, a great resource for Dell: Michael Dell
India is a top resource for tech giant Dell Technologies, according to founder Michael Dell. He praised India's talent pool and desire for a sovereign AI reflecting its culture. Dell announced advancements in AI at the Dell Technologies World event, emphasizing responsible use and the transformative potential of AI on a global scale.
Gold Price Today: Yellow metal opens above Rs 72,000/10 grams; silver at Rs 84,637/kg
Gold prices held steady on Monday as investors awaited key U.S. inflation reports, which could shed more light on the timing of the Federal Reserve's first rate cut.
US weekly jobless claims increase more than expected
Labor market shows signs of easing as new unemployment benefit claims by Americans exceed expectations, reaching 231,000. The rise, partly due to seasonal factors, reflects adjustments post-interest rate hikes, with expectations of Federal Reserve rate cuts.
Gold Price Today: Yellow bullion opens flat at Rs 71,350/10 grams; silver at Rs 82,883/kg
In the US, spot gold rose 1% to $2,324.94 per ounce by 2:00 p.m. ET (1800 GMT). U.S. gold futures for June delivery settled 0.9% higher at $2,331.2 per ounce.
US job openings fall to three-year low in March
Job openings, a measure of labor demand, were down 325,000 to 8.488 million on the last day of March, the lowest level since February 2021, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday.
US job openings little changed in February; quits edge up
In February, U.S. job openings remained steady at a high level, with a slight increase to 8.756 million. However, this was slightly lower than January's revised figure of 8.748 million. Hiring also saw a modest uptick, rising by 120,000 to 5.818 million. Meanwhile, the number of workers voluntarily quitting their jobs rose by 38,000 to 3.484 million, indicating potential movement to better opportunities.
US job openings stay steady at nearly 8.9 million in January, a sign labour market remains strong
The US job market remains healthy, with 8.86 million job vacancies posted in January, slightly down from 8.89 million in December. Although layoffs fell modestly, the number of Americans quitting their jobs remained at historically high levels. The economy has shown resilience despite higher interest rates, with the Federal Reserve raising its benchmark interest rate 11 times between March 2022 and July 2023.
Load More
