US Economy Achieves Soft Landing Amidst Inflation Slowdown US economy experiences 'soft landing' with stable job market and inflation levels. Economists optimistic about sustainability of current stability. Top News · Nov 1, 2024
Bank of England rate cut expected despite ‘fiscal loosening’ of Budget A quarter-point cut is forecast on Thursday, but Labour’s Budget has trimmed hopes of a rapid string of rate cuts afterwards. Evening Standard · Nov 1, 2024
Final jobs report before 2024 election shows lackluster numbers amid hurricanes, strikes The unemployment rate remained virtually unchanged as the economy adds only 12,000 jobs The Independent UK · Nov 1, 2024
Jobs report gives a final lackluster snapshot prior to election − but overall, the economy under Biden has been a tale of 2 eras The U.S. economy added just 12,000 jobs in October 2024, less than most economists expected and providing voters with a downcast bit of data as they head to the polls. The Conversation · Nov 1, 2024
US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls The Independent UK · Nov 1, 2024
No, America’s battery plant boom isn’t going bust – construction is on track for the biggest factories, with over 23,000 jobs planned The United States is in the midst of the biggest boom in clean energy manufacturing investments in history, spurred by laws like the bipartisan Infrastructure Investment and Jobs Act and the Inflation Reduction Act. The Conversation · Nov 1, 2024
US adds only 12,000 jobs in October in final report before election Average monthly job gains in 2024 had been about 200,000, but new figures affected by Boeing strike and hurricanes The Guardian - US · Nov 1, 2024
The anticipation of a Trump win is sending mortgage rates soaring. Top economists say scorching inflation is very likely to go with it Rising inflation is what pickled the housing world in the first place. Fortune · Nov 1, 2024
Investors: Are You Ready for November? The S&P 500 (SPY) tumbled to end October. Is that a harbinger of more downside to come? Or will the bull market return with gusto? Investment pro Steve Reitmeister shares his time market views including a preview of his favorite stocks. Get the full story below. StockNews.com · Oct 31, 2024
Stock Market Today: Stocks Struggle After Meta, Microsoft Earnings All three major indexes closed lower on Thursday, making for a grim Halloween. Kiplinger · Oct 31, 2024
Dollar Finishes Little Changed on Euro Strength The dollar index (DXY00 ) on Thursday finished little changed. The dollar Thursday recovered from a 1-week low and was little changed on better-than-expected US economic news that was hawkish for Fed policy. Weekly jobless claims unexpectedly fell to a 5-month low, and Sep personal spending rose more than expected.... Barchart · Oct 31, 2024
What Happens To America's EV Boom If Trump Wins? The next few days aren’t just about America’s future, but the future of the planet. InsideEVs · Oct 31, 2024
Scottish Government confirms plans to cap rent increases THE Scottish Government has proposed plans to cap the amount rent can be increased to a maximum of 6 in control areas ... The National (Scotland) · Oct 31, 2024
Government borrowing costs rise further after Budget UK government bond yields jumped to a one-year high on Thursday after Labour announced a sharp increase in spending in the Budget. Evening Standard · Oct 31, 2024
Barchart · Oct 31, 2024 Dollar Recovers on Strong US Economic News The dollar index (DXY00 ) today is up by +0.13%. The dollar today recovered from a 1-week low and is mildly higher. The dollar was boosted by better-than-expected US economic news that was hawkish for Fed policy. Weekly jobless claims unexpectedly fell to a 5-month low, and Sep personal spending...
Evening Standard · Oct 31, 2024 Government orders Sadiq Khan to hike Tube and rail fares as part of £485m London settlement Inflation-busting 4.6% increase - to match rise in national rail fares - will also affect Elizabeth line and London Overground
International Business Times · Oct 31, 2024 US Fed's Favored Inflation Gauge Cools In September The US Federal Reserve's preferred inflation measure cooled further last month and now sits just above its long-term target, according to government data published Thursday, shortly before the presidential election.
The Guardian - UK · Oct 31, 2024 Yes, Bidenomics is working here in Pennsylvania. But maybe not enough to win the White House As a steelworker, I know how hard people are struggling – and I fear that next week they may fall for Trump’s simple answers, says local mayor JoJo Burgess
International Business Times · Oct 31, 2024 Eurozone Inflation Rebounds More Than Expected In October The eurozone's annual inflation rate rebounded more than expected in October due to rising food costs, official data showed on Thursday, but remains in line with the European Central Bank's two-percent target.
Barchart · Oct 31, 2024 Stocks Plunge Before the Open as Microsoft and Meta Weigh on Sentiment, U.S. Inflation Data and Earnings in Focus December S&P 500 E-Mini futures (ESZ24) are down -0.77%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -1.09% this morning as investors digested quarterly earnings reports from Microsoft and Meta as well as robust U.S. economic data that muddied the outlook for Federal Reserve rate cuts.
The Guardian - UK · Oct 31, 2024 Post-budget sell-off of government bonds by worried City traders intensifies, pushing up UK borrowing costs – as it happened Institute for Fiscal Studies says increasing borrowing to fund investment ‘right thing to do’
The Independent UK · Oct 31, 2024 Here's why Argentina's public universities are paralyzed by protests After 11 months in office, Argentina’s right-wing President Javier Milei has fulfilled his flagship pledge to eliminate the country’s monumental deficits by shrinking the public payroll, slashing subsidies and holding already low wages of state workers below inflation
Kiplinger · Oct 30, 2024 Stock Market Today: Stocks Slide as Solid GDP and Softer Inflation Vex Rate Cut Bets Encouraging economic news damped hopes for accelerated rate cuts.
The Independent UK · Oct 30, 2024 Trump claims he will bring back ‘American Dream’ - and end inflation and immigration in six days Donald Trump claimed he will bring back the “American Dream” - and end inflation and immigration in just six days.
Evening Standard · Oct 30, 2024 Reeves uses first Budget to hike taxes, increase borrowing and boost spending Chancellor Rachel Reeves used Labour’s first budget since 2010 to put extra money into public services but sent taxes to a post-war high.