The unemployment rate rose to 4.3%, triggering a past recession indicatorIt’s been a busy week for the economy and, in turn, markets.Perhaps the biggest news is that the unemployment rate rose to 4.3% today (chart below),…
Business & FinanceGovernment12 July 2024, 2:02 pm 1 minute
Reuters exclusively reported that United Auto Workers President Shawn Fain met with the union’s executive board to discuss…
For years, Elon Musk has talked about Dojo — the AI supercomputer that will be the cornerstone of Tesla’s AI ambitions. It’s important enough to Musk that he recently said the company’s AI team is going to “double down” on Dojo as Tesla…
Today, the European Parliament joins the international community in marking European Roma Holocaust Memorial Day and remembering the 500,000 Sinti and Roma who faced atrocities in Nazi-occupied Europe.
On the night between the 2nd and…
Economist Claudia Sahm developed the “Sahm Rule,” which states that the economy is in recession when the ’s three-month average is a half percentage point above its 12-month low. As shown, the latest employment report has triggered that…
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added more pressure.…
Investing.com-- Oil prices settled sharply lower Friday, succumbing to a fourth straight week of losses, as weak U.S. jobs data added to concerns that slowing economic growth will hit consumption as the year progresses.At 14:30 ET (18:30…
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell by more than $2 on Friday, set for their fourth straight weekly decline after data showed the U.S. economy added fewer jobs than expected last month, and as weak Chinese economic…
By Marianna Parraga, Gary McWilliams and David French HOUSTON (Reuters) - An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing in the last mile of a U.S. court…