The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
Hiring at US companies was lower than expected in August, consistent with other evidence of weakening labor demand. Private-sector jobs increased by 54,000, according to ADP Research data released Thursday. The median estimate in a Bloomberg survey of economists was for a gain of 68,000. (alg) Source: Bloomberg
U.S. economic activity and employment were mostly little changed or unchanged in recent weeks while prices rose moderately or modestly, the Federal Reserve said on Wednesday, a mixed report that highlighted the impact of tariffs and other Trump administration policies on households and businesses as the central bank weighs a cut in interest rates this month. "Contacts frequently cited economic uncertainty and tariffs as negative factors," according to the Fed's "Beige Book" report, a snapshot of the nation's economic health published two weeks ahead of each central bank policy meeting....
US job openings fell in July to the lowest in 10 months, adding to other data that shows a gradually diminishing appetite for workers amid heightened policy uncertainty. Available positions decreased to 7.18 million from a downwardly revised 7.36 million reading in June, according to Bureau of Labor Statistics data published Wednesday. The median estimate in a Bloomberg survey of economists called for 7.38 million openings. Source: Bloomberg
President Volodymyr Zelenskiy will urge stronger pressure on Moscow when he meets with allies in Denmark and France on Wednesday after Russian forces launched a massive airstrike on Ukraine, damaging energy and transport infrastructure. Russia launched more than 500 drones and dozens of missiles, hitting infrastructure at 14 locations across the country and injuring four railway workers, regional and Ukrainian military officials said. "This is clearly a demonstrative attack by Russia. Only because of the lack of adequate pressure, especially on Russia's war economy, does this aggression...
The US Bureau of Labor Statistics (BLS) will release the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This publication will provide data on changes in the number of job openings in July, along with the number of layoffs and resignations. Markets expect the number of job openings to decline slightly to 7.4 million in July, compared to 7.437 million in June. The JOLTS will be released a few days before another important employment report, the August Nonfarm Payrolls data, which will be released on Friday. The latest BLS US employment report showed that nonfarm payrolls rose...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...