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Dec 08, 2023
There's nothing about a 3.7% unemployment rate and another 199,000 jobs that even whispers "recession" let alone screams it.
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Dec 08, 2023
The unemployment rate for Asian workers and Black men rose in November, while the overall U.S.'s declined.
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Dec 08, 2023
Health care and government hiring led the way in November.
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Dec 08, 2023
Nonfarm payrolls were expected to increase by 190,000 in November, according to the Dow Jones consensus estimate.
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Dec 08, 2023
China's Politburo said Friday that it would continue to implement "proactive" fiscal policies and "prudent" monetary policies next year.
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Dec 08, 2023
The report identified Shell, Exxon Mobil, Glencore and Kraft Heinz as among the firms that saw profits "far outpace" inflation.
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Dec 07, 2023
Economists expect the Labor Department to report that nonfarm payrolls expanded by 190,000 last month, up from 150,000 in October.
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Dec 07, 2023
The Chinese economy still has a "steep hill to climb" despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal stimulus, according to HSBC's chief Asia economist.
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Dec 06, 2023
Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, ADP reported.
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Dec 06, 2023
The Bank of England warned on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to feed through to the economy.
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Dec 06, 2023
The announcement is the latest move in Saudi Arabia's aggressive campaign to attract international investment and headcount to the kingdom.
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Dec 06, 2023
Real incomes are not rising enough to cover the increase in debt burdens, according to Carl Weinberg.
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Dec 05, 2023
Employment openings totaled 8.73 million for the month, a decline of 617,000, or 6.6%, the Labor Department reported Tuesday.
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Nov 30, 2023
The personal consumption expenditures price index was expected to increase 0.2% in October on a monthly basis and 3.5% from a year ago.
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Nov 29, 2023
Interest rate cuts don't happen during good times, something important for markets to remember.
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Nov 29, 2023
The acceleration topped the initial 4.9% reading and was better than the 5% Dow Jones forecast.
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Nov 29, 2023
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.
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Nov 29, 2023
Central banks having hiked interest rates at breakneck speed and those rates are set to stay higher for longer while the lagged effects set in.
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Nov 29, 2023
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.
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Nov 28, 2023
He pointed out a variety of areas where progress has been made, suggesting the Fed at least won't need to hike rates further from here.
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Nov 21, 2023
The price of attending sporting events rose 25.1% from October 2022 to October 2023, according to government data.
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Nov 21, 2023
Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with elections across major global powers.
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Nov 17, 2023
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, the hedge fund titan said Friday.
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Nov 15, 2023
Markets may be at least a tad optimistic, particularly considering the cautious approach central bank officials have taken.
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Nov 15, 2023
Topic: Brad's RantRecently online is a new podcast interview with me from a Podcast called "Get Yourself Optimized"
We went over a lot of different topics that are interesting:
History of ClariNet and rec.humor.funny and internet censorship
EFF
I defend materialism -- the podcast host is fairly spiritual so we have a lot of friendly but direct banter on it
Data rights and privacy and the risks of cloud computing vs. desktop
How people manipulate you online (with advertising or even with subscription)
Of course some self driving cars
There is a transcript at the link, but it's "too smart" and has quite a few errors which make some things say the opposite of what was said, so you might want to double check the actual audio on them.
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Nov 14, 2023
The CPI, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month.
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Nov 14, 2023
UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.
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Nov 13, 2023
The new Retail Monitor, debuting Monday, is a joint product of CNBC and the National Retail Federation based on real card data from Affinity Solutions.
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Nov 07, 2023
Chicago Fed President Austan Goolsbee said a soft landing is still on the table as the Fed seeks to combat inflation without hurting the economy significantly.
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Nov 07, 2023
The world's major central banks paused their interest rate hiking cycles in recent weeks and markets are turning their attention to the first round of cuts.
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Nov 03, 2023
Bad news is good news, as long as it isn't too bad.
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Nov 03, 2023
Hiring in health care and government were two bright spots in a relatively weak October jobs report.
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Nov 03, 2023
Bad news is good news, as long as it isn't too bad.
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Nov 03, 2023
The labor market showed deterioration for Hispanic workers, whose unemployment rate rose more than average in October.
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Nov 03, 2023
Nonfarm payrolls were expected to grow by 170,000 in October, according to a Dow Jones consensus estimate.
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Nov 03, 2023
The Israel-Hamas war could significantly impact economic growth and inflation in the euro zone unless energy prices remain contained, Goldman Sachs says.
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Nov 02, 2023
Economists surveyed by Dow Jones are expecting jobs growth of just 170,000 in October, down from 336,000 the previous month.
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Nov 02, 2023
Unit labor costs, a measure of hourly compensation against productivity, fell 0.8% for the July-through-September period.
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Nov 01, 2023
ADP reported that companies added 113,000 workers for the month, higher than the 89,000 in September but below the estimate of 130,000.
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Oct 31, 2023
The Fed meeting will conclude with the central bank not doing a whole lot of anything — just the way the market wants things for now.
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Oct 30, 2023
Officials attributed the lower borrowing needs to higher receipts, which were offset somewhat by greater expenses.
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Oct 30, 2023
As the Israel-Hamas conflict further intensifies, the risks to the global economy are growing, economist Mohamed el-Erian said Monday.
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Oct 27, 2023
Intergenerational mobility is falling in the U.S. — and when and where a child grows up can determine their future income.
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Oct 27, 2023
The core personal consumption expenditures price index was expected to increase 0.3% in September.
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Oct 27, 2023
An intensifying bond rout is creating a "tremendously dangerous" outlook for global equities, according to Livermore Partners' CIO.
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Oct 26, 2023
Despite better-than-expected results from Alphabet and Meta, investors dumped the stocks and rest of the tech sector over the past two days
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Oct 26, 2023
GDP was expected to increase at a 4.7% annualized pace in the third quarter, according to a Dow Jones consensus estimate.
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Oct 26, 2023
The ECB ended its record run of rate hikes despite new upside risks to inflation.
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Oct 26, 2023
Lee Wai Fai said the world is heading into a more "uncertain environment" and the impact of higher-for-longer interest rates is starting to filter through.
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Oct 25, 2023
Gross domestic product, or the sum of all goods and services produced in the U.S. economy, is expected to post a 4.7% annualized gain for the third quarter.
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Oct 25, 2023
The president of the World Bank said Tuesday that it will be some time before progress toward a more peaceful Middle East can resume in earnest.
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Oct 25, 2023
The head of the IMF on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of an already gloomy economic outlook.
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Oct 24, 2023
"Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it," Dimon said in Saudi Arabia.
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Oct 24, 2023
"Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it," Dimon said in Saudi Arabia.
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Oct 20, 2023
The U.S. ended up with an imbalance of $1.695 trillion, up about $320 billion, or 23.2%, from fiscal 2022.
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Oct 20, 2023
The central bank official told CNBC that there's still a lot of work to be done before the Fed reaches its inflation goal of 2% annually.
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Oct 18, 2023
The appreciation of the Mexican peso and increase in living costs at home pinch households receiving money from abroad.
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Oct 17, 2023
The advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.
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Oct 16, 2023
U.S. Treasury Secretary Janet Yellen says the country can "absolutely" afford to financially support both Israel and Ukraine in their respective war efforts.
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Oct 13, 2023
Harker said the Fed has made progress in bringing down prices without causing a surge in unemployment or otherwise tanking the economy.
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Oct 13, 2023
The head of the larges U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.
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Oct 12, 2023
In theory, getting inflation closer to the Fed's target doesn't sound terribly difficult. In practice, it could be a different story.
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Oct 12, 2023
The consumer price index was expected to increase 0.3% in September, according to a Dow Jones consensus estimate.
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Oct 11, 2023
Israel's armed forces called up more than 300,000 reservists, removing a significant part of the nation's workforce from the economy.
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Oct 11, 2023
The producer price index was expected to show a 0.3% increase in September, according to the Dow Jones consensus estimate.
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Oct 10, 2023
Officials voiced their worries about the direction of monetary policy and the impact it is having on the beleaguered real estate market.
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Oct 10, 2023
The U.S. has seen stronger business investment in the second quarter and resilient consumption growth amid a tight labor market, the IMF said.
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Oct 10, 2023
The U.S. has seen stronger business investment in the second quarter and resilient consumption growth amid a tight labor market, the IMF said.
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Oct 07, 2023
Inflation is headed lower in terms of its annual pace but is still far higher than most people can stand.
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Oct 06, 2023
The U.S. unemployment rate held steady in September, but ticked down among Hispanic workers, data from the U.S. Labor Department revealed Friday.
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Oct 06, 2023
Leisure and hospitality was the strongest sector for job growth in September, while information lost jobs.
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Oct 06, 2023
Nonfarm payrolls were expected to increase by 170,000 in September, according to the Dow Jones consensus estimate.
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Oct 06, 2023
Nonfarm payrolls were expected to increase by 170,000 in September, according to the Dow Jones consensus estimate.
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Oct 06, 2023
Inflation is "always going to be a risk" in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP.
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Oct 05, 2023
A strong jobs market could equal a weak stock market if current trends hold up.
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Oct 05, 2023
The fast-food staple has remained popular even as the broader economy has soured.
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Oct 05, 2023
The fast food staple has remained popular even as the broader economy has soured.
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Oct 04, 2023
The total was down from an upwardly revised 180,000 in August and below the 160,000 estimate from Dow Jones.
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Sep 29, 2023
The personal consumption expenditures (PCE) price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain.
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Sep 27, 2023
If Latinos were an independent country their GDP would rank fifth in the world, the study found.
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Sep 27, 2023
The U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating in 2011, according to the former chairman of the agency's Sovereign Rating Committee.
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Sep 26, 2023
"I am not sure if the world is prepared for 7%," he told The Times of India in an interview.
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Sep 26, 2023
JPMorgan Chase & Co. CEO Jamie Dimon says geopolitics in light of Russia's invasion in Ukraine is the biggest risk is a much larger risk than high inflation or a U.S. recession.
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Sep 25, 2023
Certain agricultural commodities have climbed in recent months, driven by weather-related damage around the globe and tighter supplies.
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Sep 25, 2023
China's relationship with the European Union needs to change, as the bloc's trade chief asks for more openness and fairness from Beijing.
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Sep 22, 2023
Goldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.
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Sep 20, 2023
A looming government shutdown could prevent the Federal Reserve from raising rates in November, Bank of America says.
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Sep 18, 2023
So far, the UAW stoppage has impacted just a small portion of the workforce with limited implications for the broader economy.
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Sep 14, 2023
The producer price index was expected to increase 0.4% in August, according to the Dow Jones consensus estimate.
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Sep 14, 2023
The new container ship has two engines: one moved by traditional fuels and another run with green methanol.
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Sep 14, 2023
The producer price index was expected to increase 0.4% in August, according to the Dow Jones consensus estimate.
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Sep 14, 2023
Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol.
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Sep 13, 2023
The consumer price index was expected to increase 0.6% in August and 3.6% from a year ago, according to the Dow Jones consensus estimate.
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Sep 11, 2023
Respondents indicating that the ability to get credit is harder now than it was a year ago rose to nearly 60%.
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Sep 08, 2023
An analysis found hotels in states Swift visited did notably better than the national average.
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Sep 08, 2023
An analysis found hotels in states Swift visited did notably better than the national average.
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Sep 04, 2023
Italy's shock tax on banks continues to prove controversial, even as the government insists it can "improve" it.
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Sep 01, 2023
The jobless rate ran higher overall but slid for Black workers.
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Sep 01, 2023
Health care and social assistance was again the top area for job growth in August.
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Sep 01, 2023
Nonfarm payrolls were expected to increase 170,000 in August, according to a Dow Jones consensus estimate.
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