Category: Finance
Jobless Claims Fall as Labor Market Remains Tight
Claims Drop to Seven-Week Low Despite Economic Uncertainty New applications for U.S. unemployment benefits fell to a seven-week low last week, signaling continued labor market [more…]
Japan’s Real Wages Fall Sharply Amid Inflation Pressure
Biggest drop in nearly two years fuels growth concerns Japanese real wages fell 2.9% in May compared to a year earlier, marking the steepest decline [more…]
Fed Rate Cuts Unlikely This Summer, Says Morgan Stanley
Powell’s cautious stance backed as tariff risks loom The Federal Reserve is unlikely to cut interest rates at its upcoming July and September meetings, according [more…]
UK Business Activity Picks Up Despite Middle East Worries
PMI edges higher as new orders rise, but job cuts deepen British business activity expanded modestly in June, according to the S&P Global UK Composite [more…]
Euro Zone Economy Stalls Again as Growth Falters
Flat PMI signals stagnant outlook despite German rebound The euro zone economy remained stagnant for a second consecutive month in June, according to HCOB’s flash [more…]
ECB Warns Banks on SME and Property Loan Risks
Donnery urges vigilance amid trade tensions and rising arrears European Central Bank supervisor Sharon Donnery warned on Wednesday that euro zone banks must remain alert [more…]
UBS and Pictet Hit by Data Leak at Swiss Vendor
Cyberattack Exposes Employee Data, Not Client Info Swiss banking giants UBS and Pictet disclosed a data breach on Wednesday stemming from a cyberattack on external [more…]
Luxury Shoppers Lose Confidence in U.S. Economy
Saks survey shows spending intent at lowest since April 2023 Affluent U.S. consumers are growing more cautious about the economy, according to the latest Saks [more…]
US Stocks Slide as Israel-Iran Conflict Escalates
US stock markets tumbled on Friday as renewed military conflict between Israel and Iran rattled investors and fueled a global flight to safety. Rising geopolitical [more…]
U.S. Consumer Confidence Surges Amid Trade Deal Hopes
U.S. consumer optimism saw a significant boost in May, driven by hopes for a resolution in the trade conflict between the U.S. and China. According [more…]
