If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside the government data suggest the labor market just plodded along in September. The Dow Jones consensus forecast was for growth of 51,000 in nonfarm payrolls with the unemployment rate holding steady at 4.3%. High-frequency data that includes job postings, private payrolls and state-by-state figures...
China on Monday accused the US of undermining the two countries' preliminary trade agreement after the US issued an industry warning against using Chinese chips that singled out Huawei, per CNBC. According to a spokesperson for China's Ministry of Commerce, the US Commerce Department's advice is "discriminatory" and "market distorting," prompting Beijing to "demand" that the administration "correct its mistakes." China Slams U.S. Huawei Chip Ban as Threat to Trade TruceChina Indicators China has strongly criticized a U.S. directive targeting certain high-end Huawei chips, saying it...
President Donald Trump said that Ukraine and Russia would begin talks "immediately" on ending their war after a phone call with Russian President Vladimir Putin on Monday. "Russia and Ukraine will immediately start negotiations toward a Ceasefire and, more importantly, an END to the War," Trump said in a social-media post. "The conditions for that will be negotiated between the two parties, as it can only be, because they know details of a negotiation that nobody else would be aware of." The US president said he had also briefed European leaders on his two-hour call...
U.S. President Donald Trump's sweeping tax-cut bill, which had been stalled for days by Republican infighting over spending cuts, won approval from a key congressional committee on Sunday in a rare victory for Trump and House Speaker Mike Johnson. At an unusual Sunday night session, four hardline Republican conservatives on the House Budget Committee, who had blocked the legislation on Friday, allowed the bill to move forward as they pressed for deeper spending cuts in closed-door talks with Republican leaders and White House officials. "We've made progress this weekend ... but we didn't...
Following the publication of the high-impact China's April activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday. Productivity demand grew steadily. Employment situation generally stable.Economy grew steadily in face of pressure, continues developing in an upward trend. China actively diversifying, expanding trade with Belt and Road initiative nations.But there are many favorable conditions for sustained economic recovery. Although external impact increased in April, the trend of economic recovery did not...
President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith" on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday. He did not say what would constitute "good faith" negotiations or clarify the timing to announce any decisions to return a country to the various rates Trump initially imposed on April 2. Trump has repeatedly reversed course since then, notably on April 9, when he lowered his tariff rates on most imported goods to 10% for 90 days to give negotiators time to hash out deals...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long,...