Bidenomics At Work? Part-Time Employment Surges For Another Month While Full-Time Falters
The number of Americans working part-time jobs surged in March, while full-time jobs declined slightly, according to data from the Bureau of Labor Statistics (BLS) released Friday. There were 28,632,000 people with…
European banks flag bad loan risks as global economy falters
By Iain Withers, Valentina Za and Jesús Aguado LONDON/MILAN/MADRID (Reuters) – Europe’s major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad loans as…
Marketmind: Fragile Friday as big tech finally falters
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The bigger they are, the harder they fall. The old maxim wasn’t…
China’s services activity softens as recovery falters – Caixin PMI
BEIJING (Reuters) – China’s services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum. The Caixin/S&P…
How India’s birth control battle falters in rural district
By Rupam Jain KISHANGANJ, India (Reuters) – Pratima Kumari, a government health worker in the eastern Indian state of Bihar, sets off on her mini scooter every morning, crisscrossing vast corn fields…
U.S. card firms’ growth to moderate as luxury buying falters
By Manya Saini and Niket Nishant (Reuters) – U.S. card companies are expected to post the slowest revenue growth in seven quarters, as consumers tighten their purse strings and avoid spending on…
Aussie falters on soft jobs data, kiwi calm after Ardern resignation
By Stella Qiu SYDNEY (Reuters) – The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while…
U.S. wholesale inventories rise strongly in November as demand falters
WASHINGTON (Reuters) -U.S. wholesale inventories increased strongly in November, lifting the inventories-to-sales ratio to the highest level in nearly 2-1/2 years, as higher borrowing costs depressed sales. The Commerce Department said on…
Dip buyers may be burned again as another U.S. stock rally falters
By Lewis Krauskopf NEW YORK (Reuters) – Friday’s swoon in U.S. stocks is helping drive home a humbling message for investors: buying dips may have worked for the last decade, but it’s…
Frugal is the new cool for young Chinese as economy falters
By Albee Zhang and Tony Munroe BEIJING (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and…
Coal Plants Are Being Kept Online To Prevent Blackouts As Green Transition Falters
Coal Plants Are Being Kept Online To Prevent Blackouts As Green Transition Falters Jack McEvoy on August 10, 2022 Coal plants in four states are keeping their plants online in order to…
Shopify merchant growth falters as weak consumer spending hits businesses
By Nivedita Balu (Reuters) – Businesses stung by rising costs and lower consumer spending are shying away from Shopify’s platform, creating a roadblock in its plan to fix past missteps in overestimating…
U.S. mortgage interest rates reach a 12 year high, demand falters
(Reuters) – The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought properties in a sign that the Federal…
Telecom Italia, CDP start network talks as KKR bid falters
By Elvira Pollina MILAN – Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP to start formal talks on potentially combining the phone group’s network with that of…
Cuba’s sugar industry headed toward worst season ever as production falters
By Marc Frank HAVANA – The Cuban sugar industry is barreling again toward its worst season ever, according to official media reports and sources, threatening to dent both national pride and economic…
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