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Financial News Around the World

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The great unrest: How 2020 changed the economy in ways we can’t understand yet

Because of the Covid pandemic, 2020 was an epoch-changing year. Much like the 9/11 terrorist attacks in 2001, the full effects won’t be understood for years.

Published 4 August 2022
Categorised as Finance News

Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report

Initial claims for unemployment insurance were expected to total 260,000 for the week ended July 30, according to Dow Jones estimates.

Published 4 August 2022
Categorised as Finance News

Are we in a recession? Here are both sides of the argument and why it’s even a debate

Are we in a recession or are not? If not, is one on the way? CNBC’s Emily Lorsch breaks down both sides of the argument and why it’s debatable.

Published 4 August 2022
Categorised as Finance News

The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough

The economy has shifted so abruptly in 2022 that most of the big employment trends from the Covid era have reversed, creating major challenges for employers.

Published 3 August 2022
Categorised as Finance News

Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates

Household debt climbed past $16 trillion in the second quarter, as soaring inflation pushed up housing and auto balances.

Published 2 August 2022
Categorised as Finance News

4.2 million people quit in June despite recession worries: ‘A paradox in our economy’

The job market continued to post strong numbers in June despite growing concerns about an economic recession.

Published 2 August 2022
Categorised as Finance News

Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike

The Federal Reserve still has a lot of work to do before it gets inflation under control, San Francisco Fed President Mary Daly said Tuesday.

Published 2 August 2022
Categorised as Finance News

Job openings fell sharply in June as labor market shows signs of slowing

Job openings plunged in June to their lowest level since September 2021 in a potential sign that a historically tight labor market is starting to loosen.

Published 2 August 2022
Categorised as Finance News

Home prices cooled at a record pace in June, according to housing data firm

Home price gains are cooling fast, as demand wanes and still-tight supply builds.

Published 1 August 2022
Categorised as Finance News

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