Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates
The number of available jobs in the US unexpectedly grew in May, signaling there’s still heightened demand for workers.
WASHINGTON (Reuters) -First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual cooling in the labor market. Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year, with financial markets hopeful that the easing cycle could start in September. Fed Chair Jerome Powell said on Tuesday that the economy was back on a "disinflationary path," but stressed policymakers needed more data before cutting rates.
The number of Americans filing for unemployment benefits inched up last week and remain historically low, however the total number of people collecting jobless benefits continues to grow. The Labor Department reported Wednesday that jobless claims for the week ending June 29 rose by 4,000 to 238,000 from 234,000 the previous week. The total number of Americans collecting unemployment benefits rose for the ninth straight week, to 1.86 million, for the week of June 22.
"In this world, nothing is certain except death and taxes," Benjamin Franklin famously said. All of these years later, he's still spot on. No matter how lucrative your job is, paying taxes is...
Over the five years of 2017 through 2022, wealth has changed significantly across most U.S. states. The median income may be $500,000 or more for those in the top 5% depending on where you live. To...
On Friday morning, during the Maori New Year public holiday, a 16-year-old teen named Jason was brutally attacked on an Auckland bus by a woman wielding an iron rod. The assailant, described as a Maori woman “more than 200 kilograms," hit Jason multiple times and stabbed him in the face, knocking out five of his teeth, on board the bus after having allegedly shouted "ch*nk" at him at Johns Lane stop. Man intervenes: A 75-year-old Chinese man, Penglai Qiuyue, intervened and managed to grab the weapon, though he was also injured in the process.
Joe Biden has for the first time said that he is considering ending his presidential campaign, according to reports.
Just one problem: This person doesn't seem interested in running, should the opportunity arise.
Police said they uncovered a world of sickening abuse on Eric Cadogan’s houseboat
Cristiano Ronaldo’s heart-rate data during Portugal’s penalty shootout win over Slovenia has been made public by the maker of a wearable device with whom he has partnered.
Ukraine will be told it is currently too corrupt to join Nato, in a major blow to Volodymyr Zelensky.
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By now the routine is familiar around the world, from Turin to Riyadh, Lisbon to Manchester. Team of Cristiano Ronaldo wins promising free-kick, Ronaldo steps up to take it, sets ball down carefully, strides back with purpose, adopts power stance, puffs out cheeks and begins his run up. Meanwhile, fans prepare for a forthcoming goal-kick.
Business Insider's reporter toured a secret room above economy where Air New Zealand flight attendants sleep on long-haul Boeing 777-300ER flights.
The 38-year-old man is the first Japanese national to receive this punishment in Singapore.
The post Founder of Hong Ji Mian Shi Jia passed on at age 83, stall now run by 3rd generation appeared first on SETHLUI.com.
"Once it became clear he was committed to those ugly morals, I told him never to contact me."
A club of Eurasian countries spearheaded by China and Russia to advance their leaders’ vision of an alternative world order is set to expand again this week – this time adding a staunch Russian ally that has openly supported Moscow’s war on Ukraine.
Davina McCall isn't shy of strutting her stuff in a fabulous bikini. See her latest swimwear display.
KUALA LUMPUR (Reuters) -A Malaysian court dismissed jailed former Prime Minister Najib Razak's legal bid to obtain a document that he said would allow him to serve his remaining prison sentence under house arrest. In a judicial review application filed on April 1, Najib said an "addendum order" issued by the former king had accompanied a pardons board's decision in February to halve his 12-year jail sentence for graft in the multibillion-dollar 1MDB scandal. Najib had sought for the court to compel the government to reply to or confirm the existence of the royal order, which he said would entitle him to serve the remainder of his term under house arrest, and to execute the order if it existed.
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