After reporting first-time claims for U.S. unemployment benefits fell to a seven-month low in the previous week, the Labor Department released a report on Thursday showing a slight increase in initial jobless claims in the week ended September 23rd. The Labor Department said initial jobless claims crept up to 204,000, an increase of 2,000 from the previous week’s revised level […]
» Read moreInflation has declined sharply over the past year but remains stubbornly high, which has raised concerns of an impending recession. This saw the consumer confidence of Americans ebbing further in September. The decline in consumer confidence in September was largely triggered by the Fed’s hawkish stance as it hinted at another interest rate hike this year. Markets have since been […]
» Read moreMary Ellen Coe was installed as YouTube‘s Chief Business Officer last fall, just as the activity level at the company was beginning to surge even by the breakneck standards of a startup-turned-digital-behemoth. Since she landed in her new role after a 10-year run at Google and a prior chapter at McKinsey, many major headlines have blared. The company secured NFL […]
» Read moreThe Biden Administration has approved $37 million in debt cancellation for more than 1,200 student borrowers who were deceived by the University of Phoenix. These borrowers were cheated into believing that by attending the University of Phoenix they would have promising career prospects at Fortune 500 companies – yet those benefits and opportunities never existed. The U.S. Department of Education […]
» Read moreThe United States has one of the largest militaries in the world, with more than 1.3 million active-duty personnel. This includes those serving in the Army, Navy, Marine Corps, Air Force, Space Force, and Coast Guard. (Read about the countries with the largest militaries.) While about 160,000 of these active-duty service members are deployed abroad, the majority are stationed at […]
» Read moreIn a close call, the Bank of England kept its benchmark rate unchanged unexpectedly for the first time since November 2021 as inflation eased to an 18-month low, while the economy is moving closer to a mild recession. The BoE Monetary Policy Committee, headed by Governor Andrew Bailey, voted by a narrow margin of 5-4 to maintain the bank rate […]
» Read moreFollowing the sell-off seen late in the previous session, stocks are likely to see further downside in early trading on Thursday. The major index futures are currently pointing to a notably lower open for the markets, with the S&P 500 futures down by 0.9 percent. Concerns about the outlook for interest rates may continue to weigh on Wall Street following […]
» Read moreHundreds and thousands of pensioners could claim on average £5,000 due to holes in their child benefit records, the Government confirmed in July. Most of the people affected were stay-at-home mums who made a claim for Child Benefit between 1978 and 2000. Due to a Governmental error, National Insurance credits for time spent at home looking after children or vulnerable […]
» Read moreThe Swiss National Bank unexpectedly left its benchmark rate unchanged on Thursday, as policymakers assessed that the significant tightening of policy over the past five consecutive meetings is countering inflationary pressure, though the bank left the door open for future hikes. The SNB Governing Board, chaired by Thomas Jordan, decided to hold the policy rate at 1.75 percent, while markets […]
» Read moreJapanese conglomerate Toshiba Corp. announced that a consortium led by private equity firm Japan Industrial Partners or JIP has bought majority of its shares. The company will now be taken private following the successful completion of around 2 trillion yen or $13.5 billion tender offer. In a statement, Toshiba said that in the tender offer by TBJH Inc. for the […]
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