(Bloomberg) -- Brisk July retail sales along with fewer applications for unemployment benefits underscored a US economy with staying power as inflationary...
-- Brisk July retail sales along with fewer applications for unemployment benefits underscored a US economy with staying power as inflationary pressures gradually subside.Across the Atlantic, the UK jobless rate fell and wage growth cooled, while euro-zone productivity dropped for a sixth straight quarter and job growth slowed. Meanwhile, foreign direct investment in China slumped on investor concerns about the economy.
While young college-educated women are sticking with their job search even as the number of vacancies shrinks, many of their male peers are choosing to take a break. The share of male college graduates participating in the workforce has declined in the past year, with 1 in 5 under the age of 25 neither employed nor actively looking for work, according to the latest 12-month average in a Bloomberg News analysis of government data.
The ECB is now likely to cut its deposit rate once a quarter through the end of next year, a timetable that will see its easing cycle end sooner than previously anticipated, according to economists.Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy.
--With assistance from Andrew Atkinson, Ella Ceron, William Clowes, Patrick Gillespie, James Mayger, Swati Pandey, Jana Randow, Tom Rees, Augusta Saraiva, Zoe Schneeweiss, Mark Schroers and Manuela Tobias.Surgeons Cut a Giant Tumor Out of My Head. Is There a Better Way?Hurricane Ernesto makes landfall on Bermuda as a category 1 storm
While the new clade 1 strain of mpox has appeared in parts of Africa, other types have been recorded around the world this year, including in the UKArsenal 'closing' on £29.8m signing of top midfield target Ipswich v Liverpool LIVE: Team news and line-ups ahead of Premier League clash in Arne Slot’s first match
Bloomberg Interest Rates Inflationary Pressures Bloomberg News Wage Growth Staying Power Global Economy Foreign Direct Investment Retail Spending Euro-Zone Retail Sales
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Charting the Global Economy: Wild Week in Markets Ends Quietly(Bloomberg) -- A week that started off with a $6.4 trillion global stock rout and a broad rally in bonds ended relatively quietly, calming from historic...
Read more »
Charting the Global Economy: Top Central Banks Differ on Rates(Bloomberg) -- Three of the world’s largest central banks took different approaches to interest rates this week as a long-awaited, but potentially short...
Read more »
Charting the Global Economy: China Cuts Rates; Mild US Inflation(Bloomberg) -- The People’s Bank of China unexpectedly lowered the cost of its one-year policy loans by the most since April 2020, acting days after cutting ...
Read more »
Charting the Global Economy: UK Services Inflation Tops Forecast(Bloomberg) -- Britain recorded stronger-than-expected inflation in its services sector last month, retail sales weakened and the budget deficit exceeded...
Read more »
Global market rout has more to do with end of cheap funding than U.S. economyU.S. data doesn’t support scale of market meltdown: analysts
Read more »
Wall Street, global markets tumble as fears grow of slowing U.S. economyThe tumbles were spurred by Friday’s report showing unexpectedly slower hiring among U.S. employers, raising fears of a coming recession.
Read more »