Dow Slides 600 Points After Jobs Report, Sentiment Data
As if a hot jobs report wasn’t enough, the stock market fell sharply again after the University of Michigan’s latest survey showed an uptick in inflation expectations. The Dow was down 600 points, or ...
China Downplays Deflation Troubles. Bond Vigilantes Aren’t Buying It.
Aging populations, as Japan taught us, are inherently deflationary. Folks in their 70s don’t spend the way 20-somethings do.
Lebanon PM To Visit New Damascus Ruler On Saturday
Lebanon's Prime Minister Najib Mikati will on Saturday make his first official trip to neighbouring Syria since the fall of president Bashar al-Assad, his office told AFP.
December’s Blowout Jobs Report Signals a Fed Pause
Soaring payroll growth and low unemployment in December are more than likely to keep the Federal Reserve from cutti ...
30-Year Treasury Yield Hits 5%, Highest Since November ‘23
The yields on long-term government bonds spiked as doubts on a policy misstep by the Federal Reserve were reinforced after strong employment data. The 10-year yield spiked to 4.783%, while the 30-year ...
Consumer Sentiment Slips. Inflation Expectations Climb to Highest Since May '24.
U.S. consumers are kicking off the new year in a downbeat mood as inflation expectations jumped. The University of Michigan’s consumer sentiment index ticked down to a reading of 73.2 in the first few ...
Meta Policy Reversal Puts Question Mark On Furure Of Fact-checking
Media outlets around the world have been left scratching their heads over the future of their fact-checking operations after Meta's shock announcement that it will halt its US programme.
Cambodian Man Dies From Bird Flu
A 28-year-old Cambodian man died from bird flu on Friday after eating sick chickens, the health ministry said.
Venezuela's Nicolas Maduro Sworn In For Third Presidential Term
Venezuela's President Nicolas Maduro was sworn in Friday for a third six-year term in office, shunned internationally over claims of voter fraud and repression, but bolstered by a loyal military.
Floods, Drought Push Brazil Inflation Over Target In 2024
Brazil closed 2024 with annual inflation at 4.83 percent, pushed above target by higher food prices after a year in which crops were hard hit by floods and drought, official data showed Friday.
Stocks Open Lower as Bond Yields Rise After Strong December Jobs Data
Stocks opened lower on Friday after strong U.S. jobs data sent bond yields spiking. The Dow Jones Industrial Average was down 200 points, or 0.5%. The S&P 500 was down 0.7%. The Nasdaq Composite was ...
Wage Growth Edges Down Closer to Fed’s Sweet Spot
Wage growth ticked slightly lower last month, helping alleviate concerns about the labor market driving inflationary ...