Every first Friday of the month, economists and traders wait for the Labor Department’s jobs report. Now, with the government shut down, those crucial numbers never arrived—leaving the nation guessing about its economic health.
Despite a 19% drop in donations, the United Way of Oxford-Lafayette County remains steadfast in its mission to serve the community. Leaders blame economic factors for the decline but promise continued support for those in need.
Gold prices are rising sharply as inflation remains stubbornly high and unemployment edges higher. With a weakened dollar, growing central bank reserves, and the Federal Reserve considering rate cuts, many investors believe gold is set to climb even further.
A fresh business update reveals a significant slowdown in the job market, casting doubt on earlier optimism. Amid signs of inflation ticking upward, the discrepancy between last year’s economic assurances and current market trends has become increasingly visible.
U.S. stocks are retreating as investors worry over mixed signals from the job market. The crux of the debate is whether hiring has slowed enough to spark a Federal Reserve interest-rate cut or too much, raising the specter of a recession.
TJX Companies, parent of TJ Maxx and Marshalls, has lifted its full-year earnings forecast after posting better-than-expected results. The boost reflects a trend of budget-conscious consumers turning to discount retailers in an uncertain economy.
Heathrow Airport warns of a decline in demand for US business travel due to economic uncertainty, even as it projects modest overall growth in passenger numbers. The economic concerns are impacting travel behavior, particularly among business travelers heading to the United States.
FedEx reported better-than-expected fourth-quarter earnings late Tuesday, yet its stock is experiencing a surprising decline. A cautious outlook amid economic uncertainty shared during the earnings call has led to investor concerns, breaking a decade-long positive trend for the company’s shares.
US small business sentiment has improved in May for the first time this year, fueled by hopes for President Trump’s spending bill, even as uncertainty and tax concerns loom large.
Billionaire investor Chamath Palihapitiya warns of a significant shift in market sentiment as money market fund assets soar to an all-time high of $7.24 trillion. Investors are increasingly seeking refuge in cash equivalents amid persistent economic uncertainty and shifting rate expectations.
