by Bloomberg.com | May 11, 2024 | alerts, Markets/Economy
China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices extended a long decline that highlights weak demand in the economy. The consumer price index rose 0.3% from a year earlier, the National Bureau of Statistics...
by Sprott.com | May 8, 2024 | alerts, Markets/Economy
With powerful magnetic and conductive properties, nickel has rapidly graduated from an industrial metal in stainless steel to a critical mineral essential to electric vehicle (EV) batteries. As nations incentivize EV adoption and manufacturers increase production,...
by MarketWatch.com | May 2, 2024 | alerts, Markets/Economy
Mortgage rates rose for the fifth week in a row, as the Federal Reserve holds interest rates steady. The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday. That’s up 5 basis points from the previous...
by CNBC.com | May 2, 2024 | alerts, Markets/Economy
Google is laying off at least 200 employees from its “Core” organization, which includes key teams and engineering talent, CNBC has learned. As part of the unit’s reorganization, the company will hire corresponding roles in Mexico and India. “Announcements of this...
by Bloomberg.com | May 2, 2024 | alerts, Markets/Economy
2024 sees slowest first four months of hiring in since 2016 AI cited for 800 job cuts in April, highest since May 2023 US companies pared back hiring plans in April, with employers announcing the fewest new hires in the first four months of the year since 2016,...
by Independent.co.uk | May 1, 2024 | alerts, Markets/Economy
More retailers are closing brick-and-mortar stores across the United States, with brands including Walmart and Dollar Tree citing unsustainable business models. Some 1,290 stores have either closed or are earmarked for closure in 2024. As many as 169 stores shut in...
