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Economic
Labor Dept Reports Initial Jobless Claims Drop by 10K
The number of initial claims for unemployment insurance dropped by 10,000 during the week ended Saturday (May 11), reversing about half…
JPMorgan Chase CEO Jamie Dimon warns interest rates could stay high: ‘A lot of
Wall Street may be ready to declare victory over sky-high inflation, but Jamie Dimon thinks the battle is far from over.
The JPMorgan Chase boss said…
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos
Markets are good at calibrating financial and economic risks but struggle to incorporate the separate dimension of geopolitical risk which is often viewed as an…
Fed’s Powell says high interest rates may ‘take longer than expected’ to…
Powell Says Fed Doesn't Need to Rush Interest-Rate CutsFederal Reserve Chair Jerome Powell repeated that the US central bank isn't in a hurry to cut interest…
Japan’s economy contracts as consumers, firms cut spending
Japan’s economy shrank in the first quarter as consumers and companies cut spending, extending a dismal performance that…
The Stock Market Is Back in Rally Mode
Wall Street is back in rally mode, with investors seizing on the latest sign that interest rates could begin to fall this year.The S&P 500 rose 1.2 percent on…
Eggs, milk and other grocery prices fall as overall inflation eases
Grocery prices fell in April as…
Think corporate greed is the leading cause of inflation? Think again | CNN Business
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Some progressives have…
Treasury yields fall ahead of fresh consumer inflation figures
U.S. Treasury yields were lower on Wednesday is investors considered the outlook for inflationary pressures and awaited the latest consumer price index data.At…
China’s international students under pressure as economic uncertainty looms
As a growing number of overseas Chinese students run into financial difficulties due to the declining wealth of their families, many go online to express their…