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Day: September 1, 2021

Consumer protection group looks to increase transparency for small business loans

Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a …

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Private payrolls increase by just 374,000 in August, far short of the 600,000 estimate, ADP says

U.S. companies created far fewer jobs than expected in August as the Covid resurgence coincided with cutbacks in hiring, according to a report Wednesday from payroll services firm ADP. Private payrolls rose just 374,000 for the month, well below the Dow Jones estimate of 600,000 though above July’s 326,000, which was revised downward slightly from …

Private payrolls increase by just 374,000 in August, far short of the 600,000 estimate, ADP saysRead More

EUR/USD Outlook: Euro Rallies after Downbeat US ADP Jobs Report

The Euro accelerate higher on Wednesday after soft US data deflated dollar. The ADP report showed that US private sector added 374K new jobs in August, compared to expectations for 613K and July’s figure, downwardly revised from 330K to 326K. Downbeat ADP report, which is often used as an indication for more significant government’s jobs …

EUR/USD Outlook: Euro Rallies after Downbeat US ADP Jobs ReportRead More