US weekly jobless claims fell, indicating continued job growth after a slowdown in March
New applications for U.S. unemployment benefits fell last week, indicating continued job growth after a slowdown in March. Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 232,000 for the week ended April 14, the Labor Department...
At the last minute, AT&T withdraws the planned IPO of its Vrio unit
AT&T has withdrawn its planned initial public offering of Vrio, its DirecTV business in Latin America, just hours before the new stock was to start trading. AT&T said in a statement on Wednesday that the decision to withdraw Vrio’s IPO...
75% of the ultra-rich forecast a US recession in the next two years, survey finds
The U.S. economy is firing on all cylinders, yet 75 percent of ultra-high net worth investors predict it will hit recession by 2020, a J.P. Morgan survey found. Of those expecting an economic downturn in the U.S., a fifth of...
Oil’s ‘artificial’ surge to multi-year highs could spark a new crisis, economist warns
A sudden upswing in crude futures could be enough to fast-track the energy market’s next crisis, one economist told CNBC on Thursday. Oil prices soared to levels not seen since late 2014 on Thursday, following reports OPEC kingpin Saudi Arabia...
Australian Dollar Shrugs off Job Data Miss, Sterling Looks into Retail Sales
Commodity currencies are trading broadly higher today as led by Australian Dollar. Strong rebound in the Chinese stock markets is seen as factor helping the Aussie, as SSE is gaining more than 1% at the time of writing. Canadian Dollar...
There’s ‘tremendous’ potential for city planning in the Middle East, says infrastructure exec
There’s great potential in the areas of urban and city planning in the Middle East, said the chief executive of Singapore-based urban and infrastructure consultancy Surbana Jurong on Thursday. The Middle East has been forward-looking when it comes to unusual...
BOC Revised Lower Growth Forecast for 2018, Sent a Mixed Message
BoC has sent a mixed message in yesterday’s statement. Although the next rate adjustment remains a hike, the timing remains data-dependent and hinged on a number of uncertainties, including NAFTA negotiations and geopolitical tensions, something critical to Canada due to...
Bitcoin is flashing a rare buy signal, crypto hedge fund manager says
The worst could be over for bitcoin, according to one of the best-known cryptocurrency hedge fund managers. Dan Morehead, CEO of Pantera Capital, said the digital currency has been growing at 165 percent per year in the five years the...
Ernst & Young partner files sexual harassment claim against firm after alleging 2015 groping
An Ernst & Young partner brought a claim against the firm, describing an event where she was assaulted and harassed by a male colleague, according to a filing with the Equal Employment Opportunity Commission on Wednesday. Jessica Casucci said in...
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