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Unemployment rate among Black Americans jumped in March, contrasting overall trends

Black workers saw their unemployment rate rise to 6.4% from February’s rate of 5.6%. For Black women, this figure spiked to 5.6% from 4.4%.

Published 5 April 2024
Categorised as Finance News

Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady

The “fry attachment rate” remains above historical levels, a positive sign for the economy.

Published 5 April 2024
Categorised as Finance News

Here’s where the jobs are for March 2024 in one chart — in one chart

Health care and government led hiring last month, while leisure and hospitality finally regained its pre-pandemic employment level.

Published 5 April 2024
Categorised as Finance News

Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%

Nonfarm payrolls were expected to increase by 200,000 in March and the unemployment rate was forecast to decrease to 3.8%.

Published 5 April 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Krispy Kreme, Cinemark, Western Digital and more

These are the stocks posting the largest moves in premarket trading.

Published 5 April 2024
Categorised as Finance News

Behind this week’s selloff and what could cause it to turn into a full-blown correction

After Thursday’s selloff, investors should ask themselves, “What might cause a more serious drop in the markets?”

Published 5 April 2024
Categorised as Finance News

Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says

Decades of trade deficits and a strong dollar created too many “losers” in the U.S. economy who turned to Donald Trump’s protectionist policies, says Nomura’s Richard Koo.

Published 5 April 2024
Categorised as Finance News

Economist El-Erian says the Fed has turned into a play-by-play commentator

The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic adviser at Allianz, said Friday.

Published 5 April 2024
Categorised as Finance News

China’s Nio to expand battery swap services to gain an edge on EV infrastructure

Battery swapping takes only a few minutes and is expected to better address consumers’ driving range concerns.

Published 5 April 2024
Categorised as Finance News

‘Biggest mistake’ bond investors may make ahead of Fed rate cuts

Experts advise taking advantage of opportunities in fixed income while yields are still high.

Published 4 April 2024
Categorised as Finance News

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