MTPIX

US labor market still tight despite continuous claims hitting 10-month high

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Weekly jobless claims rise from 4,000 to 230,000 Persevering with claims rise 62,000 to 1,671 million WASHINGTON, Dec 8 (Reuters) – The variety of Individuals submitting new claims for jobless advantages elevated modestly final week, pointing to a nonetheless sturdy and tight job market regardless of rising fears of a recession because the Federal Reserve … Read more

Wall St plunges as strong services data causes jitters about Fed direction

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US service sector exercise picks up in November Tesla cuts manufacturing plan for Shanghai plant for December: sources All sectors of the S&P 500 fall, and power shares are hit laborious Indices down: Dow 1.26%, S&P 1.61%, Nasdaq 1.7% Dec 5 (Reuters) – Main U.S. benchmark indices fell on Monday as buyers feared better-than-expected service … Read more