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US adds 142K jobs in August, with Fed poised to cut rates

The U.S. added 142,000 jobs in August, and the unemployment rate fell to 4.2%, according to data released Friday by the Labor Department. The new report is in line with economists' forecasts of 161,000 jobs and an unemployment rate of 4.2 percent, and will be closely watched as the Federal Reserve prepares to cut interest […]

German far-right party AfD poised for state election victory in east | Germany

Far-right parties have become the largest party in Germany's state parliaments for the first time since World War II, while a new populist force on the left has gained a firm foothold in the country's political landscape, exit polls showed on Sunday. Two highly-anticipated elections in the eastern former Communist bloc made clear their dissatisfaction […]

Germany’s right wing poised for major wins as centrist parties stumble

Germany's right-wing Alternative for Germany (AfD) party is expected to win its first election since being founded in 2013, with anti-migration sentiment driving voters to the polls. Exit polls on Sunday showed the AfD winning in Thuringia with 33.5% of the vote and Saxony with 31.5%. Meanwhile, Chancellor Olaf Scholz's center-left Social Democrats received less […]

EUR/USD pares recent gains, poised for further downside – FXStreet

EUR/USD dipped below 1.1150 as bidders struggled to maintain balance. The breakdown in bullish market sentiment has given the US dollar some breathing room. Investors will be focused on EU and US inflation figures due to be released this weekend. EUR/USD pared recent gains and retreated to a new record high this year on Wednesday […]

Incoming Starbucks CEO Brian Niccol poised to get sizable compensation

Brian Niccol will likely receive a handsome salary if he becomes CEO of Starbucks. Starbucks said in a filing with the Securities and Exchange Commission on Wednesday that it plans to pay Nicol an initial base salary of $1.6 million per year. Details of his compensation package, which includes other incentives and company performance requirements, […]

Magnificent Seven poised to lose nearly $1 trillion amid Wall Street meltdown

Recession fears and Berkshire Hathaway’s decision to reduce its holding in Apple have unravelled the sector’s months-long rally, with the Magnificent Seven’s shares on track to lose nearly $1 trillion in combined market capitalization. The iPhone maker’s shares also plummeted 6.5%, wiping out roughly $900 billion in market capitalization, following other big tech companies such […]