US likely to fall into recession under Trump, top economist warns Economics The US is likely to fall into recession during Donald Trump’s second term if he makes good on his campaign promises, a leading economist has predicted. Paul Mortimer-Lee, a research fellow at the National Institute of Economic and Social Research (NIESR), said growth in the world’s largest economy could slump if the president-elect follows through [...]
Fed gets ‘green light’ for another interest rate cut following jobs report Economics The latest jobs report showed that the world's largest economy added 227,000 jobs last month, slightly ahead of the 200,000 expected by economists.
Week ahead: Frasers Group and Berkeley results in focus Business Mike Ashley’s Frasers Group and housebuilder Berkeley are among the FTSE 100 firms due to report earnings this week, while investors will also be paying close attention to US jobs data.
US reports worst jobs growth since December 2020 November 1, 2024 The US has reported its worst jobs growth since December 2020, as only 12,000 new jobs were added to the economy during September. This was significantly below the 113,000 forecast by analysts, leaving economists describing the numbers as “weak”. However, unemployment held steady at 4.1 per cent, while average hourly earnings rose 0.4 per cent [...]
Wall Street claws back week’s losses thanks to strong jobs report October 5, 2024 US stocks rallied on Friday after a surprisingly strong report on the US job market raised optimism about the economy. The S&P 500 climbed 0.9 per cent and got close to its all-time high set on Monday. The Dow Jones Industrial Average rose 341 points, or 0.8 per cent, to set its own record, while [...]
US retail sales rise ahead of Fed’s interest rate decision September 17, 2024 July's figures were also revised up to show a 1.1 per cent gain having previously been estimated at 1.0 per cent increase.
The best and worst performing funds in August 2024 September 2, 2024 Funds focusing on North American smaller companies were the worst performing in the UK last month, as a weakening dollar and fears over a US recession shook the market. North American Smaller Companies funds fell by 3.3 per cent in August, followed by funds focusing on China (-2.9 per cent), commodities (-2.3 per cent) and [...]
Ashtead: Equipment firm looks to manage expectations ahead of results September 1, 2024 Expectations have been kept low for equipment hire specialist Ashtead Group as it reports its first quarterly results of the firm’s fiscal year on Tuesday. The FTSE 100-listed firm has seen its shares slump 12 per cent from the two-and-a-half-year highs it reached in the spring. It had been one of the big beneficiaries of [...]
‘Time has come’ to cut rates, Fed chair Jerome Powell says August 23, 2024 "The time has come for policy to adjust," Powell added, pointing to growing downside risks.
US recession fears ease but markets remain firmly in the red August 5, 2024 US stocks cratered on Monday as the prospect of a recession in the world's largest economy spooked investors across the globe and tech giants were hit by a mass sell-off.