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US LABOR MARKET
ASML to offer employees €20,000 retention bonus for staying in 2027-2030The company confirmed the plan, first reported in Eindhovens Dagblad, on Monday in an emailed statement.
Companies Are Laying Off Workers Because of AI’s Potential—Not Its PerformanceAI has been cited as a cause of layoffs, but is it actually displacing jobs? And if not, what’s going on? Based on a survey of 1,006 global...
Longer-dated yields lower after data, on track for weekly declineLonger-dated U.S. Treasury yields declined on Friday after recent economic data. Markets largely priced out a Federal Reserve rate hike for...
US Stock Market: Fed's Jefferson signals openness to rate hike if inflation stays elevatedFederal Reserve Vice Chair Philip Jefferson indicated potential interest rate hikes if inflation fails to improve. Current policy remains a...
Global Market Today: Asian stocks drop after chip selloff, oil gainsAsian stocks declined as chipmakers pulled down Wall Street amid valuation concerns. Oil prices climbed higher this week due to escalating ...
US weekly unemployment claims fall to 208,000, fewest in 10 weeksJobless benefit filings in the United States decreased last week to a ten-week low. Americans applying for unemployment aid fell to 208,000...
US Stock Market: Healthy loan growth and stable credit trends boost outlook for US bank stocksMajor Wall Street banks say the U.S. consumer remains resilient, with strong spending, rising loan balances and stable credit quality backe...
US stocks today: US stocks end higher on cool inflation data, strong earningsWall Street closed higher as softer US producer inflation and strong early Q2 earnings boosted sentiment. PayPal surged on a reported buyou...
US producer prices unexpectedly fall in JuneUS producer prices unexpectedly fell in June, showing inflation was retreating. Wholesale goods prices declined significantly, driven by lo...
NY Fed's John Williams: "Unquestionably too-high" inflation may soon subsideJohn Williams, the president of the New York Fed, asserts that inflation is likely at its peak and should soon begin to taper off. He proje...
US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earningsU.S. stocks ended higher as softer June inflation data and strong bank earnings lifted sentiment despite escalating Middle East tensions. N...
Wells Fargo tops profit estimates on interest income boost, trading boomWells Fargo reported a significant profit increase in the second quarter. Strong trading desks and robust loan growth fueled this positive ...
US consumer inflation likely increased at a slow pace in June as gasoline prices retreatedU.S. consumer inflation probably slowed in June, but rate hikes remain possible. Gasoline prices retreated from highs after a fragile cease...
US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers dropTech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nas...
Fed's Waller says higher rates possibly needed in 'near term'Federal Reserve Governor Christopher Waller signalled that interest rates may need to rise in the near term if inflation remains elevated. ...
Oil edges lower, but heads for weekly gain as Middle East supply risks persistOil prices saw a slight dip Friday but are set for weekly gains. US and Iran exchanged strikes, escalating regional tensions and impacting ...
US weekly jobless claims fall amid stable labor market conditionsInitial unemployment claims decreased last week, indicating a stable labor market. Job growth slowed in June, but economists see no major s...