Where the jobs are: Trucking companies are hiking wages as they struggle to attract younger drivers
Trucks hauled more than 70 percent of freight tonnage in the U.S. last year, generating $676 billion in revenues, according to the American Trucking Associations. But the industry is grappling with a growing problem — a shortage of qualified drivers,...
U.S. Unemployment Rate Expected To Fall To 3.9%
The U.S. Dollar was seen trading rather firm on Thursday. Lack of economic news flow has shifted focus on the United Kingdom. The Bank of England hiked interest rates by 25 basis points as widely expected. This brought the short-term...
UK Services PMI Is Expected To Ease From 55.1 To 54.7
Markets Yesterday, core bonds were supported by a safe haven bid as investors pondered the consequences of China and the US exchanging a new series of mutual threats in the trade conflict. US equities show resilient to the trade headlines,...
UK bank RBS announces first dividend in 10 years
The Royal Bank of Scotland announced Friday the intention to pay its first dividend in a decade, once its settlement with the U.S. Department of Justice (DOJ) is finalized. While well below the pre-crisis payout, the ability to offer a...
EUR/USD Eyes 1.1574 Minor Support ahead of Non-Farm Payrolls
Sterling stabilizes after yesterday’s post BoE selloff. It’s trying for a recovery in Asian session today but lacks committed buying so far. Nonetheless, renewed selloff in New Zealand Dollar makes it the worst performing one for the week. The Pound...
Big jobs report Friday: Strong payrolls growth expected for July with unemployment rate set to fall to 3.9%
July’s employment report is expected to show solid job growth of 190,000, but wage growth is expected to remain on the tepid side, at about the same pace as last quarter. The unemployment rate is expected to improve to 3.9...
Michael Cohen reportedly secured a $10 million deal with Trump donor to advance a nuclear project
Just days before federal agents raided Michael Cohen’s home and office, Donald Trump’s then-personal lawyer secured a $10 million agreement with a top donor, The Wall Street Journal reported citing people familiar with the matter. The payment was conditional on...
China trade relations get nastier, but US officials hold out hope for NAFTA deal
The U.S. trade fight is getting nastier and it’s more likely to escalate, but administration officials are hoping to make real progress on NAFTA, a development that could give some comfort to a troubled stock market. President Donald Trump Wednesday...
The Trump administration is headed for a gigantic debt headache
Swelling government debt levels are shaping up to be the biggest economic challenge for President Donald Trump, a problem that could spill into the stock market. This week’s Treasury Department announcement that it would have to increase the amount of...
Apple just hit a trillion but its stock performance has been dwarfed by the other tech giants
Apple first surpassed $900 billion in market value back on November 8, 2017. Over these last 9 months, Apple’s stock price has risen 18 percent, fairly in line with the Nasdaq-100 index, but far outperforming both the S&P 500 and...
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Trading education
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