People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images The official unemployment rate fell to 8.4% in August as businesses continued emerging from broad shutdowns imposed early in the coronavirus pandemic, the Bureau of Labor Statistics reported Friday. That’s the lowest rate since
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Lululemon Athletica store logo and sign in Philadelphia. Gilbert Carrasquillo | Getty Images Lululemon on Tuesday reported surprise revenue growth, despite lockdowns during the height of the coronavirus pandemic, as stores started reopening in the fiscal second quarter and consumers stocked up on workout apparel and yoga accessories. But its stock fell by more than 6% in
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Little support seen in cable as the fall under 1.30 continues For bank trade ideas, check out eFX Plus The bill has caused a major ruckus among EU and UK lawmakers over the past week, and in turn has sent the pound into a tailspin as the decline continues today. Cable is down 0.4% to
After the UK’s Internal Market Bill sounded all alarms for the European Union (EU) policymakers, Telegraph came with news suggesting the bloc’s readiness to file a suit against its ex-neighbor. It was also confirmed that European Commission Vice-President Maroš Šefčovič will meet with the UK’s Michael Gove on Thursday to seek clarifications on the full
UK PM Johnson is maneuvering to do just that with the accord as part of his reneging on the agreement he signed with the EU. Pelosi with the threat of no trade deal with US if he does. Johnson places what appears to be implacable opposition to his current plan of withdrawing from the agreement
By Diptendu Lahiri Gold firmed on Wednesday on lingering uncertainties stemming from the coronavirus pandemic, but gains were limited as the dollar too gained from safe-haven inflows driven by worries about a delay in the development of a vaccine. Spot gold was up 0.3 per cent at $1,936.47 per ounce by 1302 GMT, shaking off
The Pound’s selloff continues today as the UK government’s so called internal market bill draws wide criticism, from EU to Scotland and Wales. Traders continue to off-load Sterling on no-deal Brexit risks. European markets, though, somewhat stabilized and recovered from yesterday’s selloff. US stocks futures also point to recovery at open. Yen and Dollar turns
Job openings rose 10% in July to a pandemic high even though the rate of hiring saw a sharp slump, according to a Labor Department report Wednesday. The total for available positions hit 6.6 million for the month, above the 6 million expected from economists surveyed by FactSet. The estimate effectively would have been no
Stewart Butterfield, co-founder and chief executive officer of Slack Technologies Inc., speaks during an event in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Slack shares fell as much as 20% in extended trading on Tuesday after the team communications software company reported fiscal second-quarter results and full-year guidance that exceeded analysts’
The Blockchain Transparency Institute, or BTI, has published its market data integrity report for 2020. This report found a threefold improvement in the quality of data on veteran crypto rankings site, CoinMarketCap. “Only 31% of the [CoinMarketCap] top 25 is being wash traded compared to over 90% just 1 year ago, a 3x improvement with
EUR/USD is a little lower on the day but nothing too significant for now For bank trade ideas, check out eFX Plus The pair is a tad lower on the day around 1.1760 levels, but sellers are not really pushing for heavy downside pressure below 1.1800 for the time being. The ECB rhetoric has been
GBP/USD remained depressed for the sixth consecutive session on Wednesday. Rising fears of a no-deal Brexit, sustained USD buying continued exerting pressure. Bearish traders now await the UK internal market bill for some meaningful impetus. The GBP/USD pair now seems to have entered a bearish consolidation phase and was seen oscillating in a range near
European equities keep higher, US futures gain to start the session For bank trade ideas, check out eFX Plus European indices are pushing higher in the opening hour, with the DAX now up by 0.9% as we also see US futures recover some poise after a bit of a warning shot earlier today. S&P 500
NEW DELHI: Gold and silver prices fell further in Wednesday’s session in another bout of profit booking even as equities tumbled across the world and tensions between US and China rose. US Customs and Border Protection officials have prepared orders to block imports of cotton and tomato products from western China’s Xinjiang region over allegations
Headline CPI moderated to +2.4% y/y in August, from +2.7% a month ago. High base and softened growth in food inflation was the key reason for the slowdown. Food price rose +11.2% y/y, decelerated from +13.2% in July. This was mainly driven by the sharp moderation of pork inflation which eased to +52.6% from July’s