United States

Hot job market and Great Resignation persist despite recession threat

Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot job market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to US Department of Labor data issued Wednesday. The numbers reveal that the pandemic-era trend known as the “Great Resignation” is still in …

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Former US trade negotiator expects a ‘modest’ rollback of China tariffs

President Joe Biden could decide “pretty soon” on a modest relief package to roll back some US tariffs imposed on China in an effort to tamp down inflation, said Clete Willems, who previously served as deputy director at the National Economic Council. “What we are expecting that the president is deciding on is a relatively …

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Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or has already fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield …

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US, UK, Europe, Japan will be in recession over next 12 months: Nomura

Thomas Calomiris, a third generation produce vendor, weighs an onion at Eastern Market as the US struggles with rising inflation May 20, 2022, in Washington, DC. Brendan Smialowski | AFP | Getty Images Many of the world’s leading economies will fall into a recession within the next 12 months as central banks move to aggressively …

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EU airlines face strikes, struggle to find workers post-covid summer travel

Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON—Delays, cancellations and strikes. It’s been a messy time for many European tourist hotspots as airlines and airports struggle to cope with staffing problems and pent-up travel demand after Covid-19 lockdowns. Thousands of flights have …

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G7 launches $600bn infrastructure plan to counter China | News

The G7 Partnership for Global Infrastructure and Investment will help finance infrastructure projects in developing nations. The leaders of the Group of Seven (G7) nations have pledged to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. US President …

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What We Know About NASA’s Supposedly ‘Successful’ Megarocket Launch Rehearsal

NASA’s Space Launch System on the launch pad at Kennedy Space Center in Florida. photo: POT NASA wrapped up its fourth wet dress rehearsal of the Space Launch System yesterday, during which time ground teams achieved a number of key test objectives. That said, an unresolved hydrogen leak prevented a full completion of the test, …

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‘Profit recession’ warning as markets wait for aggressive central bank moves

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 13, 2022. Brendan McDermid | Reuters Global stock markets diverged on Tuesday after a worldwide sell-off in the previous session, as analysts assessed the longevity of the bear market and risk of recession. US stock futures bounced in …

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Europe’s fear gauge just hit its highest level since May 2020

Italian borrowing costs are surging at a time when consumers are turning more worried about the cost of living crisis. Stefano Guidi | Getty ImagesNews | Getty Images A measure known as Europe’s fear gauge has hit its highest level since the coronavirus outbreak, in what could spell out further economic pain for Italy in …

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