US economy adds 175K jobs in April, much weaker than expected
Brian Levitt, global market strategist at Invesco, discusses economic growth and inflation on Barron’s Roundtable. U.S. job growth slowed significantly in April, while the unemployment rate unexpectedly rose, a sign that high interest rates and stubborn inflation are starting to weigh on the labor market. Employer added 175,000 jobs in AprilThe Labor Department said it […]
We’ve never seemed weaker, and the bad guys can see it
newYou can now listen to Fox News articles. Now, here’s the news. As I mentioned earlier, Iran launched an all-out offensive against Israel over the weekend, firing as many as 300 drones and rockets at the Jewish state. I’m not talking about Florida. result? 1 injury. One. By this standard, riding the New York subway […]
US dollar slumps on rising unemployment and weaker wage growth – ForexLive
The US dollar is at its lowest this week following the release of February non-farm payrolls numbers. The headline numbers were strong at +275K compared to +200K, but there were some soft details underneath. First, his two previous reports were revised downward by a total of 167,000 jobs, making total payrolls lower than expected. The […]
The West shouldn’t celebrate a weaker Chinese economy
The world’s second largest economy is sputtering. China’s official 2023 growth rate is 5.2% (part of which is growth rate) skeptical) is about half of what it was in the decade before the pandemic. Exports and imports fell, and foreign investment in China fell by 8%.as Chatham House In other words, “long-term capital… appears to […]
We Picked Weaker Terror Designation for Houthis for Same Reason We Delisted Them in ’21
On Wednesday's PBS News Hour, Timothy Lenderking, the U.S. envoy to Yemen, said the softer terrorist designation given to the Houthis by the Biden administration “helps ensure safe access to critical supplies and food. “It gives us a little bit more flexibility to go out and get licenses.” “Fuel, medicine and humanitarian supplies can still […]
Biden Opts for Weaker Designation of Houthis as Terrorists
President Joe Biden's administration announced Wednesday that it would designate the Houthis as a “Specially Designated Global Terrorist” (SDGT), a weaker category than the Foreign Terrorist Organization (FTO), which was designated under the Trump administration. The Biden administration's nominations represent a slight reversal of previous policy and vindicate the Trump administration. In 2020, the Trump […]