Last Updated:January 13, 2025, 15:48 IST Indian benchmark equity indices, the BSE Sensex and Nifty50, opened sharply lower on Monday due to growing global concerns. Stock Market Crash Benchmark equity indices, BSE Sensex and NSE Nifty50, closed lower on the first trading session of the week, each declining by more than 1 per cent. The … Read more
The Bureau of Labor Statistics (BLS) is set to release the final jobs report for 2024 on Friday, with experts predicting more uncertainty in 2025. The U.S. labor market slowed in 2024, with job growth returning to pre-pandemic levels. Though the economy added about 180,000 jobs per month through November, unemployment rate rose slightly, remaining … Read more
A surprising team-up is brewing between US Senator Bernie Sanders and President-elect Donald Trump on a long-standing issue that kept millions of Americans in debt for years while hampering their ability to save and grow money. During his campaign, Trump suggested temporarily imposing a 10% limit on credit card interest rates to allow people to … Read more
Wholesale prices in the US rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain … Read more
WASHINGTON — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed ends … Read more
Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role. Yet Friday’s report will include some of the most distorted monthly employment figures in years, with job growth having … Read more
Analyzing the state of the U.S. economy before Election Day – CBS News Watch CBS News CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for Bloomberg News, joins “America Decides” to discuss. Be the first to … Read more
The Dow surged more than 400 points on Wednesday as investors awaited the minutes of the Federal Reserve’s latest meeting, while Alphabet shares dipped after the US said it was considering breaking up Google. In recent trading, the Dow Jones Industrial Average climbed 361 points, or 0.9%, to 42,438. The blue chip index closed at record … Read more
Former US Treasury Secretary Larry Summers says September’s better-than-expected jobs report shows the Federal Reserve’s half-point rate cut was “a mistake.” Following the Labor Department’s report that employers added 254,000 jobs in September – well above the 140,000 gain that was predicted by LSEG economists – and the unemployment rate declined slightly from a month ago to 4.1%, Summers … Read more
The economy added a whopping 254,000 jobs last month — blowing past forecasts that predicted a modest rise and diminishing Wall Street’s hopes of another big rate cut from the Federal Reserve next month. The Labor Department also reported that the unemployment rate fell to 4.1% — a decline from 4.2% in the previous month. … Read more
