Breaking news
Amazon workers on Staten Island vote for company’s first unionized warehouse in U.S.
Jason Anthony, a member of Amazon Labor Union, speaks to members of the media during the vote count to unionize Amazon workers outside the National Labor Relations Board offices in New York, U.S., on Friday, April 1, 2022. Jeenah Moon | Bloomberg | Getty Images Employees at an Amazon warehouse on New York’s Staten Island voted Friday […]
Read More
Economy added 431,000 jobs in March despite worries over slowing growth
Amid soaring inflation and worries about a looming recession, the U.S. economy added slightly fewer jobs than expected in March as the labor market grew increasingly tighter. Nonfarm payrolls expanded by 431,000 for the month, while the unemployment rate was 3.6%, the Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones had been […]
Read More
Russia-Ukraine talks to resume; Russian gas continues to flow to Europe. Follow our live updates
Russian gas continues to flow into Europe, Russia’s Gazprom says Russian state-owned energy giant Gazprom said Friday that it was continuing to supply Europe with natural gas, Reuters reported. Andrey Rudakov | Bloomberg | Getty Images Russian state-owned energy conglomerate Gazprom said Friday that its natural gas continued to flow into Europe via Ukraine, Reuters […]
Read More
2-year Treasury yield tops 10-year rate, a ‘yield curve’ inversion that could signal a recession
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon. The bond […]
Read More
Goldman sees risks rising for a ‘mild’ recession, but not for at least another year
The firm sees “close to no chance” of a recession over the next 12 months, but a 38% probability in the following year. Source
Read More
U.S. sanctions global network of firms helping the Russian military evade export controls
Armored vehicles of pro-Russian troops drive along a road in the course of Ukraine-Russia conflict near Dokuchaievsk in the Donetsk region, Ukraine March 25, 2022. Alexander Ermochenko | Reuters WASHINGTON — The Treasury Department on Thursday announced sanctions on a global network of individuals and shell companies it says are helping the Russian military to […]
Read More
The Fed’s preferred inflation gauge rose 5.4% in March, the highest since 1983
The Federal Reserve’s favorite inflation measure showed intensifying price pressures in February, rising to its highest annual level since 1983, the Commerce Department reported Thursday. Excluding food and energy prices, the personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983. Including gas and […]
Read More
Walgreens beats earnings expectations after omicron-fueled demand for tests and boosters lifted sales
A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal second-quarter earnings that topped analysts’ expectations, after the omicron variant of Covid-19 intensified demand for booster shots and tests and drove foot traffic during […]
Read More
Russia holds onto positions near Kyiv; UK spy chief says Putin ‘massively misjudged’ war. Follow our live updates
Putin has ‘massively misjudged’ the situation in Ukraine, UK intelligence chief says Russian President Vladimir Putin attends a meeting with Presidential Grants Foundation CEO Ilya Chukalin in Moscow, Russia March 29, 2022. Mikhail Klimentyev | Sputnik | Reuters Russian President Vladimir Putin has misjudged the situation in Ukraine, but his advisors are scared of telling […]
Read More
Vladimir Putin feels his military leaders misled him about Ukraine, declassified intelligence shows
WASHINGTON — Newly declassified U.S. intelligence indicates that Russian President Vladimir Putin feels he was misled by military leaders who did not tell him key details about the botched invasion of Ukraine because they feared angering him, top Biden administration officials said Wednesday. “We believe that Putin is being misinformed by his advisers about how […]
Read More