News
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US weekly jobless claims rise to highest since June
Aug 21 (Reuters) - The number of Americans filing new applications for jobless benefits rose by the most in about three months last week in an initial signal that layoffs may be picking up and adding to signs the labor market is weakening.Initial claims for state unemployment benefits climbed 11,000...Reuters
Thu, Aug 21
Fed's Bostic still sees a single rate cut this year, amid uncertainty
By Michael S. DerbyNEW YORK, Aug 21 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that he still thinks the U.S. central bank can cut its interest rate target once this year, but there’s a lot of uncertainty around that view.Bostic said the forecast he offered ...Reuters
Thu, Aug 21
Fed's Schmid says no urgency to cut rates but more data to come
JACKSON, Wyoming, Aug 21 (Reuters) - Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank's 2% target and the labor market still in solid shape. "I think we're in a really good spot and I thin...Reuters
Thu, Aug 21
CORRECTED-Walmart hikes annual forecast as low price focus draws shoppers
By Savyata Mishra and Siddharth CavaleAug 21 (Reuters) - Walmart WMT.N on Thursday raised its fiscal year sales and profit forecast, driven by strong demand from shoppers across all income levels, who have turned to the world's largest retailer as they worry about rising costs.The company's...Reuters
Thu, Aug 21
India passes bill to ban money-based online games, app shutdowns loom
India gaming ban stokes fears of job losses, investors worriedApps set to be shut the moment India's president signs billThriving gaming sector considers legal options, sources sayMinister says it's their duty to act against 'social evils'By Aditya Kalra and Aftab Ahmed BENGALURU,...Reuters
Thu, Aug 21
US, EU lock in trade deal; US official sees auto tariff relief in weeks
US to levy 15% tariff on most EU productsUS to lower car tariffs once EU introduces legislation to cut tariffs on US goodsTariff relief could come in weeks, US official saysBy Andrea Shalal and David Lawder WASHINGTON, Aug 21 (Reuters) - The United States and the European Union on Thursday locked...Reuters
Thu, Aug 21
USD: Powell’s balancing act at Jackson Hole – DBS
Going into Fed Chair Jerome Powell’s speech at Jackson Hole today, the USD is caught between the Fed’s caution and the White House’s push for lower interest rates. The July 30 FOMC Minutes showed most Fed officials viewing the tariff passthrough into inflation as the bigger risk than weak jobs.Fxstreet
Thu, Aug 21
