Category Archives: Headline

US economy adds 313,000 jobs in strong monthly display but wage growth slows

The US added 313,000 new jobs in February – the strongest gain since July 2016 – as the unemployment rate remained steady at 4.1%. The figures from the labor department smashed the 200,000 forecast from economists. But the recovery in wages,

U.S. jobless claims back off 48-year low; layoffs declining

The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labor market conditions. That was underscored by other data on Thursday showing job cuts announced

Trump sets steel and aluminum tariffs but exempts Canada, Mexico

U.S. President Donald Trump pressed ahead on Thursday with import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier “no-exceptions” stance.

Trump plans to offer Canada, Mexico 30-day tariff exemption: official

U.S. President Donald Trump plans to offer Canada and Mexico a 30-day exemption from planned tariffs on steel and aluminum imports, which could be extended based on progress in NAFTA talks, a White House official said on Wednesday night.The move,

Asian shares subdued; euro choppy amid Italian uncertainty

Asian shares were on the backfoot and the safe-haven yen rose on Monday amid fears of a global trade war, while the euro was choppy as investors worried Italy’s national elections could deliver an anti-establishment government. Italian voters delivered a

Earnings boost for stocks may lose luster with rising yields

There is little doubt on Wall Street that U.S. corporate profits are on track to rise at a healthy rate this year, with an overall estimate for growth of almost 20 percent. Less certain, however, is how investors should value

Trump threatens to tax European auto imports

U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel. Trump’s tweet suggested he is

‘Trade wars are good,’ Trump says, defying global concern over tariffs

U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on steel and aluminum imports triggered threats of retaliation from trading partners and a slide

Putin: Our new weapons ‘easily’ beat anti-missile systems — but this is no Cold War

Less than a day after announcing a slew of new defense systems, Russian President Vladimir Putin in an exclusive interview with Wall Street news denied accusations that his country wants to spark a new Cold War. Those accusations directed at Russia came

Bitcoin edges lower, then pares some losses, after news that SEC is probing cryptocurrencies

  Bitcoin slipped on Wednesday following news that the U.S. securities and exchange commission is probing the cryptocurrencies market. The Wall street journal reported Wednesday evening ET that, as part of that investigation, the SEC has issued “scores of subpoenas”