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Economy
478 posts
Catastrophic JOLTS: Private Sector Job Openings Plunge To 6 Year Low As Both Hiring And Quits Crater
Heading into today's JOLTS number we were expecting much of last month's unexpected job opening surge - which as we noted last month was the result of a bizarre spike in "government" openings - to be revised away, and for the June print to drop from the revised May print. Expect big drop in JOLTS
South Korea’s Population Shows Mild Rebound After Two Years of Decline
Statistics Korea, a government operation run by the South Korean Ministry of Economy and Finance, released data on Monday that showed the population rose by 0.2 percent in 2023. While a miniscule gain of roughly 82,000 people against a population of 51 million, the increase is a welcome reversal of the decline over the previous
Democrats Worry Donald Trump Will Overpower Harris in ‘Blue Wall’ States
Former President Donald Trump’s appeal in the “Blue Wall” states might be too strong for Vice President Kamala Harris to overcome, Democrats indicated this week in fear of losing the presidential election. Seven states — Michigan, Pennsylvania, Wisconsin, Arizona, Georgia, Nevada, and North Carolina — will decide the president, political experts believe. If Trump wins one
Stock markets diverge before key earnings, rate calls
Leading stock markets diverged Tuesday ahead of a slew of interest-rate decisions and earnings from big companies. In New York, the Dow was up slightly at midday, the wider S&P was down slightly, while the tech-heavy Nasdaq slumped ahead several big tech company reports. In Europe, London fell initially before recovering, while continental exchanges mostly
U.S. economy grew at a 2.8% pace in the second quarter, much faster than expected
Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow
Venezuelans clash with police as both Maduro and the opposition declare election victory
Thousands of people took to the streets in cities across Venezuela on Monday, as the South American country’s entrenched leader and the country’s opposition both claimed victory in the presidential election. After election officials declared President Nicolás Maduro the winner over opposition candidate Edmundo González, violence erupted in some parts of the capital, Caracas, where protesters threw
In Harris, business leaders tired of Biden see a potential friend
New York CNN — As vice president, Kamala Harris was a leading player in a remarkably progressive Biden administration that fought mergers, battled Big Tech and called out corporate greed. As the presumptive Democratic nominee for president, Harris finds herself in the middle of a tug-of-war as she crafts her own economic agenda on major issues
It’s not just ‘cat ladies’: JD Vance has a history of disparaging people without kids
CNN — Republican vice presidential nominee Sen. JD Vance has a history of making disparaging remarks toward people without children, a CNN KFile review of his comments shows, including fundraising off his now-infamous “childless cat lady” remarks in a series of emails that called Democratic leaders “childless sociopaths” who “don’t have a direct stake in
Venezuela is wracked with protests and election uncertainty. Here’s what to know
CNN — Venezuelans across the country took to the streets on Monday to protest a disputed election, clashing with police as uncertainty swirls around the results amid allegations of election fraud. The election on Sunday was the most consequential one in years, with Venezuela’s future on the line. Many young opposition supporters said they would