President Biden celebrates better-than-expected jobs report

President Biden celebrates better-than-expected jobs report

President Biden celebrates better-than-expected jobs report – CBS News Watch CBS News President Biden is highlighting January’s job report after it soared past economists’ predictions. Jeanna Smialek, a financial reporter at The New York Times, joins CBS News to discuss what the numbers mean for the state of the U.S. economy and future Fed moves. … Read more

Stocks slide after huge January jobs number

Stocks slide after huge January jobs number

Stocks fell early Friday as a surprisngly strong monthly jobs report and weaker-than-expected financial performances from some of the country’s biggest technology companies. The S&P 500 was down 45 points, or 1.1%, to 4,135, in early morning trading. The Dow Jones industrials fell 121 points, or 0.4%, to 33,933 and the tech-heavy Nasdaq tumbled 1.8% … Read more

US adds a surprisingly strong 517,000 jobs despite Fed hikes

US adds a surprisingly strong 517,000 jobs despite Fed hikes

WASHINGTON — America’s employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment rate dipped to 3.4%, the lowest level since 1969. Friday’s government report added to the picture of a resilient … Read more

Pakistan’s economy is on the brink

Pakistan’s economy is on the brink

Islamabad/London CNN  —  Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn’t know how much an onion will cost next week, let alone how he’ll be able to afford the fuel he needs to heat his home and keep his family warm. “All we’re being told by the government is that things are going to … Read more

ECB and Bank of England hike interest rates again in fight with inflation

ECB and Bank of England hike interest rates again in fight with inflation

London CNN  —  Europe’s two largest central banks raised interest rates sharply on Thursday, opting for a bigger rise than the US Federal Reserve as inflation in the region remains near historically high levels. The European Central Bank (ECB) and the Bank of England both lifted rates by another half a percentage point. Benchmark interest … Read more

Watch Live: Federal Reserve News Conference | WSJ – Wall Street Journal

Watch Live: Federal Reserve News Conference | WSJ – Wall Street Journal

Watch Live: Federal Reserve News Conference | WSJ  Wall Street Journal Fed’s Powell: will need substantially more evidence to be confident inflation on downward path  Reuters LIVE: Fed Chair Jerome Powell holds news conference following FOMC meeting  Yahoo Finance Stocks Rise to Session Highs as Powell Speaks  The Wall Street Journal LIVE: Chair Powell speaks after Federal Reserve raises … Read more

Britain hit by biggest day of strikes in a decade as pay disputes escalate

Britain hit by biggest day of strikes in a decade as pay disputes escalate

London CNN  —  As many as half a million workers are striking across Britain on Wednesday, closing schools, canceling university lectures and bringing most of the rail network to a standstill in what unions say will be the biggest single day of walkouts in more than a decade. Teachers, university staff, train drivers and civil … Read more

Inflation euro zone January 2023 print ahead of ECB rate meeting

Inflation euro zone January 2023 print ahead of ECB rate meeting

Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg | Universal Images Group | Getty Images Inflation in the euro zone dropped for a third consecutive month in January on the back of a … Read more