August Layoffs Reached Record Highs, New Hires Hit Historic Lows
According to a report by job-placement firm Challenger, Gray & Christmas, monthly layoffs in the U.S. hit a 15-year high in August, while hiring so far this year is the lowest in 20 years. Last month, employers announced 75,891 layoffs, a staggering 193% increase from July. data A report from the recruitment service published on […]
Labor union popularity pops to near-record highs following summer of strikes
Labor union support has rebounded, Near record highs It fell slightly last summer after a number of high-profile strikes and work stoppages. Polling firm Gallup's annual labor union survey released Wednesday showed that approval of labor unions rose to 70% in August 2024 from 67% last August. In 2022, with inflation rising 9% annually, viewership […]
Gold prices rise, keep record highs in sight as inflation test approaches – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as the dollar's rebound slowed ahead of the release of a key inflation reading that is likely to influence prospects for interest rate cuts. Safe-haven demand also boosted gold prices, especially after disappointing earnings results from market darling Nvidia Corporation (NASDAQ:) […]
Gold Price Forecast: Nears New Record Highs as Bullish Momentum Builds – FX Empire
Rise above Friday’s high of 2,518 proves strength A rise above today’s high of 2,518 would generate a bullish signal and set the stage for a rally to a new record high. Gold hit a new record high of 2,532 last week. This rally could signal a continuation of gold’s long-term uptrend if it rises […]
Gold prices nurse tumble from record highs with Powell, rate cuts in focus – Investing.com
Investing.com — Gold prices rose in Asian markets on Friday, but managed to halt losses from a record high hit the previous day as growing caution ahead of a speech from Federal Reserve Chairman Jerome Powell gave the dollar some support. Gold surged to a record high earlier this week amid growing confidence that the […]
Gold prices rise, record highs close as CPI data fuels rate cut bets – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as weaker-than-expected U.S. consumer price data raised hopes the Federal Reserve will start cutting interest rates. Rising risk appetite also capped gains in gold prices, while a monthly rise in inflation led traders to expect a smaller rate cut in September. […]
Gold News: Can Upcoming Inflation Data Propel XAU/USD Prices to New Highs? – FX Empire
Weekly Gold (XAU/USD)Expectations of a Federal Reserve rate cut grow Market expectations for a Federal Reserve interest rate cut in September are solidifying, with traders putting the chances of a 50 basis point cut at 55%. This potential shift in monetary policy is a key driver of gold prices, as lower interest rates typically make […]
US Home Sales Hit 13-Year Low as Prices Soar to Record Highs
U.S. existing home sales fell to the lowest level since 2010 last month as sellers waited for lower mortgage rates and buyers were discouraged by soaring prices. Existing home sales fell 5.4% from May to an annualized rate of 3.89 million, according to data released Tuesday by the National Association of Realtors (NAR), marking the […]
Bitcoin’s next leg could hit $110K, despite ‘lower highs and lower lows’ – Cointelegraph
Bitcoin could see its next big rally surge to $110,000, despite concerns that a “lower high, lower low” pattern is forming on the BTC price chart, according to a crypto trader. “The next phase will likely see Bitcoin reach $110,000,” MN Capital founder Michael van de Poppe wrote in a blog post on July 17. […]
Gold prices remain close to record highs as rate cut cheers persists – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as a weaker dollar supported the precious metal amid growing expectations of a U.S. interest rate cut. Demand for safe haven metals also increased in the precious metals market following reports of a possible deterioration in trade relations between the United […]