Americans
Unemployment Claims Increase By 33,000 To 258,000: The Highest Level In Over A Year
The number of Americans filing for unemployment benefits just jumped to its highest level in over a year, a new report revealed on Thursday.
airline fares
Higher food prices lift US consumer prices; Hurricane Helene boosts jobless claims
Consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-1/2 years.
2025
Social Security Announces 2.5% Cost-Of-Living Adjustment For Next Year
Over 72 million Americans will see a 2.5% cost-of-living adjustment to benefit payments in 2025, the Social Security Administration announced on Thursday.
Alphabet
Stock Market: Dow Skyrockets 400 Points, On Pace To Close At Another All-Time High
The Dow increased over 400 points on Wednesday as major investors awaited the minutes of the Federal Reserve’s latest meeting, as certain shares fell after the U.S. stated it was considering breaking up Google.
Adriana Kugler
S&P 500, Nasdaq rise as investors focus on inflation data, Q3 earnings
Wall Street’s main indexes opened higher on Tuesday, as investors shifted their attention to the upcoming third-quarter earnings season and inflation data for hints on the Federal Reserve’s future rate decisions.
Alejandro Mayorkas
US labor market remains stable; weather, strike distortions loom
October 3, 2024 – 6:48 AM PDT WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose marginally…
AI-led demand
Tech market values jump in September on Fed rate cuts, AI optimism
The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies.
Accenture
Wall St rises on AI euphoria after Micron’s upbeat forecast
Wall Street’s main indexes rose, with the S&P 500 hitting a record high, as Micron’s upbeat forecast revived the frenzy around AI.
borrowing costs
US consumer confidence ebbs in September on labor market fears
U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market.
Barclays
Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.