Baltimore sees first population growth in a decade, aided by sanctuary policies, immigration
BALTIMORE, MD — Baltimore’s population has increased for the first time since 2014, according to new estimates released by the U.S. Census Bureau. The city’s population grew from 565,271 in 2023 to…
Oil output inches up at top US shale firms, with faster growth elusive
By Arathy Somasekhar HOUSTON (Reuters) – Top U.S. shale oil producers are raising output by pulling more from each well but lack the level of activity to add significant new volumes, a…
Rainy July hurts UK retailers: spending growth slowest in 11 months
LONDON (Reuters) – British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an 11-month low, a survey showed on Tuesday.…
UK hiring falls at fastest pace in over three years, wage growth slows
By Suban Abdulla LONDON (Reuters) – British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about…
JPMorgan raises US economic growth estimate, no longer expects 2023 recession
(Reuters) – JPMorgan’s chief economist said on Friday the bank is no longer forecasting a U.S. recession this year and has raised its economic growth estimate as the economy expands at a…
United Airlines buying land in Denver as it pursue growth strategy
By David Shepardson and Rajesh Kumar Singh (Reuters) – United Airlines on Friday said it is spending $33 million to buy 113 acres (46 hectares) in Denver as part of its growth…
Instant view: US jobs growth stays moderate in July, wage gains still strong
NEW YORK (Reuters) – The U.S. economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in…
Jobs Market Cools Following Unexpectedly High Economic Growth
Jobs Market Cools Following Unexpectedly High Economic Growth Will Kessler on August 4, 2023 The U.S. added 187,000 jobs in July, less than economists expected, as the unemployment rate fell to 3.5%,…
Indonesia’s Q2 GDP growth likely slows as exports weaken: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Indonesia’s economy likely grew 4.93% from a year earlier in the April-June quarter, the slowest since the third quarter of 2021, due to weakening global demand…
UK firms dial back price and wage growth expectations – BoE
LONDON (Reuters) – The Bank of England said on Thursday that businesses expected slower increases in the prices they charge and the wages they pay to staff, citing the findings of a…
US productivity surges in second quarter; labor costs growth slows
WASHINGTON (Reuters) – U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and offering another boost to the improving inflation outlook. Nonfarm productivity, which measures…
MercadoLibre’s Q2 profit doubles on higher sales volume, user growth
SAO PAULO (Reuters) -South American e-commerce giant MercadoLibre reported a 113% rise in its second-quarter net income on Wednesday to $261.9 million, amid higher sales volume and an increase in users. The…
Irish service growth remains robust, inflation pressures ease-PMI
DUBLIN (Reuters) – Irish service sector growth remained robust in July amid a strengthening in business sentiment and a slight easing in still high input and output cost pressures, a survey showed…
Japan’s service activity growth softens in July – PMI
TOKYO (Reuters) – Japan’s service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, but the overall performance of the sector…
Colombia’s central bank cuts 2023 forecasts for inflation, growth
BOGOTA (Reuters) -The technical team of Colombia’s central bank on Wednesday lowered its outlook for inflation in 2023 to 9%, from 9.5% previously, and cut its forecast growth for Latin America’s fourth-largest…
Double-digit growth in real wages, retail sales as Russia’s unemployment hits record low
(Reuters) – Record low unemployment in June highlighted Russia’s stark labour shortage, statistics data showed on Wednesday, even as the rebound from last year’s economic slump continued with double-digit jumps in wage…
Garmin beats quarterly estimates on growth in fitness and auto businesses
(Reuters) – Navigation equipment maker Garmin beat market estimates for second-quarter revenue and profit on Wednesday, thanks to strong growth in its auto and fitness businesses. The company has been leaning on…
Tinder-parent Match sees third-quarter revenue above estimates on strong user growth
(Reuters) – Match Group forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent expects stronger marketing to drive user growth, sending its shares up about…
Indian factory growth eased for second month in July, but kept healthy pace
By Anant Chandak BENGALURU (Reuters) – Growth in India’s manufacturing activity eased in July for a second month, with some moderation in output and new orders, although the pace of expansion remained…
Experts See Red Flags Even As Biden Takes Victory Lap On Economic Growth
Experts See Red Flags Even As Biden Takes Victory Lap On Economic Growth Will Kessler on July 31, 2023 The Biden administration is touting the unexpectedly good Growth Domestic Product numbers for…
Oil to drift lower as slower growth offsets OPEC+ cuts: Reuters poll
By Rahul Paswan (Reuters) – Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of OPEC+ production cuts on supply, a Reuters…
Hong Kong quarterly GDP growth slows on sluggish global economy
HONG KONG (Reuters) – Hong Kong’s economic growth slowed in the second quarter from a year earlier, advance government data showed on Monday, with the momentum softening after a strong rebound in…
Goldman upgrades oil demand outlook as market tempers growth pessimism
(Reuters) – Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories…
ECB’s Lagarde says latest growth data ‘encouraging’
FRANKFURT (Reuters) – Latest data about economic output in France, Germany and Spain is “quite encouraging” and confirms the European Central Bank’s expectations, ECB President Christine Lagarde said in an interview published…
US labor costs growth slows in second quarter
WASHINGTON (Reuters) – U.S. labor costs increased less than expected in the second quarter as wage growth cooled a bit, offering a boost to the Federal Reserve in the fight against inflation.…
Western Union raises annual profit view on strong growth in C2C service
(Reuters) – Western Union Co raised its annual profit forecast on Wednesday after an upbeat second quarter in which transactions jumped on strong growth consumer-to-consumer (C2C) service, sending its shares up about…
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