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(The Center Square) – This week begins with the inauguration of the 47th president of the United States, marking the start of a new administration with significant economic and policy implications.
Big Tech week. With 37% of the S&P 500 having reported quarterly results, the index is pacing for 3.7% year-over-year earnings growth. According to FactSet, this would be the slowest annual growth ...
On Friday, the September jobs report is expected to show 130,000 nonfarm payroll jobs were added to the US economy with unemployment holding steady at 4.2%, according to data from Bloomberg.
Business and economy. British oil and gas company BP announces that it will lay off 4,700 employees and 3,000 contractors globally to reduce costs. Health and environment. The Zimbabwean Ministry of Health reports that a new cholera outbreak that started in December 2024 has reached eight districts and infected nearly 300 people, causing one death.
Two reports this week on inflation and the labor market could swing the final calculus for Fed policymakers as they weigh another rate cut at their Nov. 6-7 meeting.
An economic impact analysis (EIA) examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe. It usually measures changes in business revenue, business profits, personal wages, and/or jobs. The economic event analyzed can include implementation of a new policy or project, or may ...
This followed reports of weekly initial claims for unemployment insurance that increased from a typical level of around 200,000 per week through early March, to 3.3 million the week of March 21, a peak of 6.9 million (March 28), and declines each week thereafter to 3.0 million the week of May 9.
Last week, the S&P 500 saw both its worst and best single-day performances of the year.A sign to some on Wall Street that all is not well in markets right now. On Monday, rising recession concerns ...