by Bloomberg.com | Aug 2, 2024 | alerts, Markets/Economy
Manufacturing gauges in US, China both showed contractions Brent crude falls below $77 a barrel, lowest since January Oil slumped to the lowest in almost seven months as concerns about demand in the world’s two biggest economies overshadowed heightened geopolitical...
by Bloomberg.com | Aug 2, 2024 | alerts, Markets/Economy
Cattle futures are dropping as a falling stock market prompts worries that consumers will pull back from high-priced beef. Sales of steak typically increase when equity markets rise and with stocks selling off after a weak US jobs report, prices for cattle are...
by Bloomberg.com | Aug 2, 2024 | alerts, Markets/Economy
Nonfarm payrolls rose 114,000 in July, below most estimates Traders start to price in more aggressive Fed cut in September US hiring slowed markedly in July and the unemployment rate rose to an almost three-year high, raising recession concerns and putting the Federal...
by Bloomberg.com | Aug 2, 2024 | alerts, Markets/Economy
Revolve shares plunge 80% since 2021 as pandemic glow fades New Aspen store shows need to mix brick-and-mortar and online Revolve Group Inc., a popular fashion hub among young influencer-obsessed shoppers during the pandemic, is seeing its shares tumble as sales dry...
by Bloomberg.com | Aug 2, 2024 | alerts, Markets/Economy
Financials helped Japanese stocks hit new record last month Selling pressure in bank stock may be short lived: analysts Banking stocks, which have been driving the rally in Japanese equities, suffered the biggest drop since October 2008, as investors moved to take...
by Bloomberg.com | Aug 1, 2024 | alerts, Markets/Economy
The share of US small businesses raising compensation dropped in July to the smallest in more than three years, adding to evidence that inflationary pressures stemming from the job market are diminishing. A net 33% of firms said they boosted pay last month, down 5...
