Saturday January 29-th, 2022

Fed should keep cutting rates despite jobs number: US trade adviser Navarro Fed should keep cutting rates despite jobs number: US trade adviser Navarro

A report on Friday showed jobs growth slowed down in September and wage growth stalled, even as unemployment dropped to a 50-year low. The US consumer and economy are in a "good place," and the US labour market is "very healthy", Clarida said...

Dow Jumps as Modest Job Growth Eases Slowdown Fears Dow Jumps as Modest Job Growth Eases Slowdown Fears

Job growth in the US remains a bright spot, even as signs of weakness mount in the manufacturing and services sectors. That followed troubling news on business hiring and manufacturing earlier this week that knocked the market lower. The Institute fo...

Oil rises about 1% on fall in U.S. unemployment rate Oil rises about 1% on fall in U.S. unemployment rate

Still, for the week, Brent was down 6.6 per cent, marking its largest weekly loss since December. WTI lost 5.5% for the week, also its steepest fall since July. Still, a faster-than-expected resumption in Saudi Arabia's production brought output ba...

Aston Martin DBS GT Zagato unveiled in full Aston Martin DBS GT Zagato unveiled in full

They are sold exclusively as a pair, costing £6 million plus local taxes, and are limited to 19 models each. Let's start with the reborn classic. Based on the DBS Superleggera , the DBS GT Zagato is heavily reworked by the Italian coachbuilder...

USA oil drillers cut rigs for seventh week in a row USA oil drillers cut rigs for seventh week in a row

The number of active gas rigs decreased by 2 to reach 144. The prices remain on track for a big weekly loss, in the face of rising fears that the global economic downturn will heavily temper the oil demand growth prospects. Oil and gas rigs in Cana...

Woman taken off aircraft at MCO after boarding without ticket Woman taken off aircraft at MCO after boarding without ticket

Louis International Airport in St Louis, Missouri, October 10, 2016. 'How she got in that airport and how she got on that airplane is extremely concerning, ' the anonymous passenger said. The witness, identified as Casey Malone, said the plane star...

HSBC Looks To Axe Up To 10,000 Jobs To Cut Costs HSBC Looks To Axe Up To 10,000 Jobs To Cut Costs

The prepare represents the lender's most formidable attempt in decades to lower costs, the newspaper stated, citing two individuals briefed on the make a difference. Anxious about its position as the biggest foreign bank in China, HSBC launched a pub...

India announces fifth interest rate cut, loans to be cheaper India announces fifth interest rate cut, loans to be cheaper

The RBI Monetary Policy Committee (MPC ) reduced repo rate by 25 basis points on Friday to 5.15 per cent and chose to maintain the accommodative stance "as long as it is necessary to revive growth, while ensuring that inflation remains within the ...

China State Oil Firm Withdraws from Dollars 2 Billion Deal: Iran China State Oil Firm Withdraws from Dollars 2 Billion Deal: Iran

Iran will utilize every possible approach to export its oil, Iranian Oil Ministry's site SHANA quoted Oil Minister Bijan Zanganeh as saying on Sunday, including that exporting primitive was the nation's legitimate right. Under the initial terms ...

PayPal withdraws from association overseeing Facebook's Libra cryptocurrency PayPal withdraws from association overseeing Facebook's Libra cryptocurrency

PayPal also notes that it's leaving the Libra Association so that it can "focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations". We're better off knowi...

RBI chops repo rate by 25 basis points to 5.15% RBI chops repo rate by 25 basis points to 5.15%

Meanwhile, this monetary policy marked the fifth consecutive repo rate cut by the RBI. The government has recently announced a series of measures including the steepest cut in corporate tax, the rollback of enhanced surcharge on Foreign Portfolio...

United States unemployment rate hits 50-year low United States unemployment rate hits 50-year low

But it would still be noticeably lower than last year's average monthly job growth of 225,000. Average hourly earnings also cooled through the end of summer, increasing by 2.9%, under the average pace set in previous months. The dollar fell against b...

Higher insurance prices for loyal customers could be banned Higher insurance prices for loyal customers could be banned

Insurers have already been drawing up new policies on how to deal with vulnerable customers, one industry source said. According to the document, around six million consumers are negatively affected by dual pricing practices because they do not sho...

United States unemployment falls to 50-year low of 3.5% in September United States unemployment falls to 50-year low of 3.5% in September

Still, hiring has averaged 157,000 in the past three months, enough to lower the unemployment rate over time. Besides issuing the jobs data for September, the government on Friday also revised up its earlier estimates of the gains for July and Au...

An all-electric Volvo XC40 is coming An all-electric Volvo XC40 is coming

We'll see the full design once the auto is revealed later this month. The drawings confirm stylists made evolutionary tweaks, not revolutionary updates, to turn the firm's stylish entry-level crossover into its first series-produced electric vehicle....

Computer maker HP to cut thousands of jobs Computer maker HP to cut thousands of jobs

HP hopes to make annual savings of around one billion dollars by cutting jobs and through other cost-cutting measures, a statement from the company said. The announcement comes as part of HP's outlook for fiscal 2020, which estimates that its gener...

Crude Oil Prices Challenge Important Low on Soft ISM Non-Mfg Reading Crude Oil Prices Challenge Important Low on Soft ISM Non-Mfg Reading

In a speech during a plenary session at Russian Energy Week in Moscow, Energy Minister Prince Abdulaziz bin Salman said the kingdom's oil production capacity now stands at 11.3 million barrels per day (mbpd). The talks are set to resume on October 10...

Former MD Joy Thomas arrested as crackdown in PMC Bank scam continues Former MD Joy Thomas arrested as crackdown in PMC Bank scam continues

EoW also attached company's property worth Rs 3,500 crore and freezed bank accounts of Joy Thomas, ex-MD of PMC Bank , according to media reports. Rakesh Wadhawan and his son Sarang Wadhawan , accused of loan default, have been arrested by the ...

PMC Bank scam: ED raids six locations, slaps money laundering charge PMC Bank scam: ED raids six locations, slaps money laundering charge

An ECIR is the ED's equivalent of a police FIR. These accounts reflected large amounts of loans acquired by HDIL and were masked with a special password. A lookout circular had also been issued against them after investigations revealed massive fin...

Tim Cook Confirms That Apple Will Not Launch Its Own Cryptocurrency Tim Cook Confirms That Apple Will Not Launch Its Own Cryptocurrency

Speaking in an interview with French media magazine Les Echos on October 4, Tim Cook poured cold water on the idea that Apple could release its own currency tokens. While Apple is facing pressure from the US Supreme Court based upon claims that...

National Taco Day at Taco Bell 2019 National Taco Day at Taco Bell 2019

Chronic Tacos : Chronic Tacos is giving away free tacos to anyone who gives the code word "Tacolife" at the register on Friday. Offer is limited to three tacos per guest, not valid via DoorDash. Since we're in the digital age, you don't have to ...

RBI cuts repo rate by 25 bps to 5.15% RBI cuts repo rate by 25 bps to 5.15%

India's economy grew by merely 5 per cent in the April-June quarter, down from 5.8 per cent in the previous quarter. Earlier, the RBI Governor had said the government had little fiscal space, giving hopes that the RBI might provide more monetary stim...

Brewer Constellation Brands net sales rise Brewer Constellation Brands net sales rise

Alcohol giant Constellation Brands Inc.'s latest quarterly results were weighed down by millions in losses and a writedown in connection with its significant stake in Canadian cannabis producer Canopy Growth Corp., but it still beat market expect...

ONTARIO: Numerous chicken products recalled by feds

Today, Reser's Fine Foods, Inc.is issuing a recall of a limited number of Chicken Salad items due to the ingredient recall by Tip Top Poultry, Inc. for possible Listeria monocytogenes . No confirmed illnesses had been reported as of the posting of...

U.S. stocks close higher

Stocks are off to a turbulent start in October. A weak report on private sector hiring in the United States last month gave investors more reason to worry that U.S. Chipmaker Nvidia climbed 1.1%. SECTORS: Bank stocks also suffered losses as bond ...

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