The last of the five questions (see here) is about American politics. I’m aware that some CEO Daily readers would prefer if I completely avoided it. Today, neither political party is a good fit for business. As evidenced by the struggles of Disney, AB Inbev, and Target, the Republican right has declared war on “woke” … Read more
Reuters, September 1 – The dispute over the European Central Bank’s September rate decision was not resolved by inflation data, and investors saw a less hawkish posture by ratesetter Isabel Schnabel, which contributed to a weekly decline in the yields on euro zone government bonds. Before U.S. job numbers, which could give the market a … Read more
Attorneys for the U.S. Virgin Islands told a New York federal judge on Thursday that JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking in a request for summary judgement in a lawsuit seeking $190 million in damages from the banking giant for failing to stop underage sex trafficking for more than ten years. … Read more
Shunichi Suzuki, the finance minister of Japan, stated on Friday that markets should determine currencies even though abrupt changes are undesirable. He also gave no indication that the government will intervene in the market to support the weak yen, which is increasing import costs. “Currencies should reflect underlying economic principles… I’m keeping a careful eye … Read more
The highly anticipated U.S. nonfarm payrolls finally decline on Friday, marking the beginning of a new month, along with a flurry of manufacturing data, capping up a week of conflicting economic news that also featured a positive surprise from China. The Federal Reserve is searching for additional signs of cooling, but not too much cooling, … Read more
Global equities held steady on Friday as investors closely examined China’s most recent economic stimulus measures before later focusing on U.S. jobs data to see whether the Federal Reserve will hike interest rates this month. With supplies becoming more scarce placing a floor under prices, oil was poised to end a two-week losing streak and … Read more
Ms. Yellen wants to concentrate on boosting the world economy, expanding debt restructuring initiatives, modernising multilateral development institutions, and increasing IMF trust fund resources. As part of her fourth trip to India in ten months, U.S. Treasury Secretary Janet Yellen will visit New Delhi for the G20 leaders conference from September 7–10, the Treasury Department … Read more
The August jobs data, which is due out Friday morning, could reveal that the US labour market’s expansion slowed down even more. According to consensus forecasts provided by Bloomberg, the BLS’s monthly labour report, which will be released at 8:30 a.m. ET, is anticipated to indicate that nonfarm payrolls increased by 170,000 in August while … Read more
Although Americans spent more money on goods and services in July than they had in the previous six months, predictions that the Federal Reserve would leave interest rates steady next month were solidified by monthly inflation rates that were declining. The likelihood of a recession this year was further reduced by the report from the … Read more
As it headed into a crucial monthly U.S. jobs report on Friday, the dollar was on track to end a six-week winning streak against major peers. This data is likely to influence the direction of Federal Reserve policy over the coming months. After a turbulent week in which overall weak economic data dampened expectations for … Read more
