In the face of persistent fears that the world could be facing a trade war and a synchronized slowdown, the U.S. economy enters June with a good deal of momentum. Friday’s data provided convincing evidence that domestic growth remains intact even if other developed economies are slowing. A better-than-expected nonfarm payrolls report coupled with a […]
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The U.S. economy created 223,000 jobs in May, soaring above the 188,000 payroll growth estimate from economists surveyed by Reuters. But as always, there are industries that are doing better or worse in terms of employment each month. Here are the net changes by industry for May according to the U.S. Department of Labor. The […]
Read moreCanadian Defense Minister Harjit Sajjan has called it “absurd” for the U.S. to impose steel tariffs on his country on the basis of national security. President Donald Trump’s administration announced Thursday that it would levy tariffs on steel and aluminum imports from Canada, Mexico, and the EU, under the guise of national security interests. All […]
Read morePresident Donald Trump has embarked on an unorthodox follow-up to cutting the taxes American families pay: raising the prices of goods they buy. Higher prices will result directly from tariffs the White House plans to impose on steel and aluminum imports from allies such as Canada, Mexico and the European Union as well as other […]
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UK reportedly considering giving Northern Ireland joint UK, EU status
The United Kingdom is considering attempting to break the deadlock in Brexit negotiations with a proposal to give Northern Ireland joint U.K. and European Union status so it can trade freely with both, a government official said. The government has considered proposing a 10-mile (16-km)-wide trade buffer zone along the border for local traders like […]
Read moreEach day, some 10,000 seniors turn 65 in the United States, and the majority of them are hoping to age in their own homes. The staggering number of aging Americans has created demand for home health-care workers — from nurses to aides and caregivers. Jobs in health care have already been growing at breakneck speed. […]
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Deutsche Bank CEO insists financial strength is 'beyond doubt' despite rating downgrade
The new chief executive of Germany’s flagship lender has conceded the bank faces an uphill battle against a barrage of bad “newsflow.” Deutsche Bank‘s long-running turmoil was dealt a fresh blow Thursday, when share prices tumbled after it was reported that the Federal Reserve labeled the bank’s U.S. business as being in a “troubled condition.” […]
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Spain’s leader Rajoy ousted in no-confidence vote with socialist party gaining power
Spain has a new prime minister after a parliamentary vote Friday led to the ousting of incumbent Mariano Rajoy. Speaking to the Spanish parliament just before the vote, Rajoy said he would accept the result and wanted to be the first to congratulate the leader of the opposition Socialist Party, Pedro Sanchez, as his successor. […]
Read moreWorsening trade tensions and political instability will throw up various investment opportunities around the world, according to one strategist, who believes that emerging market (EM) assets could give back solid — albeit risky — returns. “For the brave and further afield, investors should be looking at emerging markets,” Nick Gartside, international chief investment officer of […]
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Italy set for an anti-establishment government after roiling global markets
A populist coalition government will be sworn into power in Italy Friday, ending months of political uncertainty in the euro zone’s third-largest economy. President Sergio Mattarella approved a patched up bid from Italy’s anti-establishment Five Star Movement (M5S) and right-wing Lega (League) party on Thursday evening, just days after a bitter feud roiled global financial […]
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