US productivity was weak in the third quarter, while labor costs were revised lower
U.S. worker productivity fell by the most in nearly four years in the third quarter, the government confirmed, while growth in unit labor costs was not as robust as initially thought. The Labor Department said on Tuesday nonfarm productivity, which...
The Fed will stay in hibernation until at least summer: CNBC survey
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the NABE annual meeting in Denver, Colorado, U.S., on Tuesday, Oct. 8, 2019. Daniel Brenner | Bloomberg | Getty Images Federal Reserve policymakers will go into hibernation for as much...
Montag tells investors why the mid-market is Bank of America’s focus right now
Tom Montag is a man on a mission. The chief operating officer of Bank of America wants investors to understand that the firm’s global banking and markets business has a unique opportunity within its peer group owing to its local...
Fed to Leave Policy Rate Unchanged in December, and Likely for 2020
We expect the FOMC will leave the Fed funds rate unchanged at 1.5-1.75% in December. The employment report released last week confirmed a resilient job market. Other indicators showed little deviation from the trend observed in October. Indeed, unless global...
Investors are right to be rattled by Turkey’s central bank purge
Murat Uysal, Turkey’s new central bank governor As autocrats around the world are well aware, emerging-market investors love stability. Give them a competent strongman with a dubious human rights record over a chaotic democracy any day. A notable beneficiary of...
It’s time for big businesses to start paying their invoices on time
In their business payments barometer published in June, Bottomline Technologies, a company that provides digital payment solutions for a number of different industries, found that 92% of financial decision-makers surveyed admit to paying suppliers late. What’s not surprising is the...
Jobs growth soars in November as payrolls surge by 266,000
The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday. Those totals easily beat the Wall Street consensus. Economists surveyed...
Biden says Trump’s pressure on the Federal Reserve is an abuse of power
President Donald Trump’s attacks on the Federal Reserve and its chairman, Jerome Powell, are an abuse of power and represent a “big mistake” for the administration, 2020 Democratic presidential front-runner Joe Biden said in an interview with CNBC. “I’m not going...
AUDNZD Continues to Tumble with Negative Signals Intact
AUDNZD bears seem to be in control after the reversal at the twelve-month peak of 1.0864 and the break below the 1.0663 low – having dropped past all simple moving averages (SMAs) – turning the medium-term bias back to a...
The US cities where robots are impacting jobs the most
The use of robots in U.S. workplaces has more than doubled since the Great Recession, but the impact has hit certain areas of the country — and segments of workers — more than others. A recent report from The Century...
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