Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
Read More US weekly jobless claims fall; business spending on equipment softeningCategory: Business
Big investors say US markets rally could prove short-lived
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.
Read More Big investors say US markets rally could prove short-livedS&P 500 to see small gain in 2024 as US economic risks rise – Reuters poll
The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest risks for the market in 2024.
Read More S&P 500 to see small gain in 2024 as US economic risks rise – Reuters pollUS Coast Guard seeks source of some 1.1 million gallons of crude oil in Gulf of Mexico
6:27 PM UTC – November 20, 2023 (Reuters) – The U.S. Coast Guard on Monday said it was still looking for the…
Read More US Coast Guard seeks source of some 1.1 million gallons of crude oil in Gulf of MexicoCitigroup employees brace for layoffs, management overhaul – sources
Citigroup CEO announced the company was carrying out its next layer of management changes in a sweeping reorganization.
Read More Citigroup employees brace for layoffs, management overhaul – sources