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Tag: RECESSION

An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz/File Photo

US labor market remains stable; weather, strike distortions loom

October 3, 2024 – 6:48 AM PDT WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose marginally…

Read More US labor market remains stable; weather, strike distortions loom
Javier Milei, President of Argentina, speaks during the United Nations General Assembly (UNGA) at the United Nations headquarters on September 24, 2024 in New York City. World leaders convened for the General Assembly as the world continues to experience major wars in Gaza, Ukraine and, Sudan along with a threat of a wider conflict in the Middle East. (Photo by Michael M. Santiago/Getty Images)

Argentina’s President Milei Criticizes United Nations, Refers To Org. As A ‘Leviathan’

While Argentina’s President Javier Milei spoke at the United Nations (UN) General Assembly, he criticized the organization by calling it a “Leviathan” monster.

Read More Argentina’s President Milei Criticizes United Nations, Refers To Org. As A ‘Leviathan’
The Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC, March 16, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Fed expected to deliver quarter-percentage-point rate cut next week

U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.

Read More Fed expected to deliver quarter-percentage-point rate cut next week
Federal Reserve Chair Jerome Powell heads into the opening dinner at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming on August 22, 2024. REUTERS/Ann Saphir/File Photo

Fed’s Powell says ‘time has come’ to lower interest rates

Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.

Read More Fed’s Powell says ‘time has come’ to lower interest rates
A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US business activity edges lower; pricing power ebbs further

U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers.

Read More US business activity edges lower; pricing power ebbs further
SUNRISE, FLORIDA - JUNE 26: A company advertises to job seekers during the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. More than 50 companies set up booths to recruit people from entry-level to management. Open jobs include police officers, food service, security, sales reps, technicians, customer service, IT, teacher assistants, insurance agents, and account executives. (Photo by Joe Raedle/Getty Images)

Survey: Over 28% Of Americans Are Now Searching For New Employment, The Highest In A Decade

A new survey has revealed that Americans searching for a new job has hit the highest rate in more than a decade. 

Read More Survey: Over 28% Of Americans Are Now Searching For New Employment, The Highest In A Decade

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SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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