by Yahoo.com | Jun 5, 2024 | alerts, Markets/Economy
The pay gap between job stayers and job changers narrowed in May in the latest sign that the US labor market is cooling from a hot start to 2024. New data from ADP released Wednesday showed that the median year-over-year pay increase for job switchers fell to 7.8% in...
by Bloomberg.com | Jun 4, 2024 | alerts, Markets/Economy
Rising imports were offset by higher exports and inventories Household savings slid to 0.9% from downwardly revised 1.6% Australia’s economy all-but stalled in the first three months of the year as elevated interest rates and cost of living pressures weighed heavily...
by Bloomberg.com | Jun 4, 2024 | alerts, Markets/Economy
Alliance to unwind production cutbacks from the fourth quarter Demand concerns, signs of ample supplies add to declines Oil fell to the lowest in about four months after OPEC+’s plan to loosen its production curbs this year deepened the market’s bearish sentiment. The...
by Yahoo.com | Jun 4, 2024 | alerts, Markets/Economy
Job openings fell in April to their lowest level since February 2021 as the labor market shows further signs of cooling off from the hiring boom that followed the US economy reopening after the pandemic. New data from the Bureau of Labor Statistics released Tuesday...
by Bloomberg.com | Jun 4, 2024 | alerts, Markets/Economy
Company is seeking ‘secure and reliable’ AI services Cisco has already invested in Mistral AI and Scale AI Cisco Systems Inc. plans to invest $1 billion in startups that are working on what it calls “secure and reliable” artificial intelligence services, part of a...
by Bloomberg.com | Jun 4, 2024 | alerts, Markets/Economy
Strong wage growth risks slowing return of inflation to 2% Governing Council to lower rates by quarter-point on Thursday Strong economic data and vocal European Central Bank hawks are pushing some analysts and investors to waver in their expectations for interest-rate...
