Oil jumps, dollar bid as US-Iran truce teeters; RBNZ delivers first hike in three years US oil prices jumped nearly 3% in early Wednesday trade, extending Tuesday’s gains, after fresh US strikes on Iran hit air defense, radar, missile and drone sites plus port facilities Strikes followed Iranian attacks on three tankers in the Strait…
A Washington-based woman pleaded guilty to impersonating a financial advisor in a scheme that defrauded at least 28 victims of more than $3 million, the Justice Department announced. According to court documents, Jenni Yoon Jeong Lee is a 53-year-old woman based in Federal Way, Wash., a Seattle suburb about 20 miles from the city. She pleaded guilty…
by Calculated Risk on 1/09/2026 08:30:00 AM From the BLS: Employment Situation Both total nonfarm payroll employment (+50,000) and the unemployment rate (4.4 percent) changed little in December, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, and social assistance. Retail trade lost…
Three established property professionals have taken up new roles across the residential sector, signalling continued structural shifts in the industry towards brokerage and franchise models. Moveli appoints former Hamptons director Andrew Farmer has joined Moveli after more than 25 years in estate agency, including nearly two decades as a director at Hamptons. Farmer, who specialises…
Shares of state-owned Cochin Shipyard declined 2% to their day’s high of Rs 1,418 on the BSE on Wednesday as the Centre’s Offer for Sale (OFS) opens for retail investors, following strong demand in the non-retail portion on Tuesday. The government is looking to divest up to a 5.04% stake in the state-run shipbuilder through…
by Calculated Risk on 1/09/2026 09:20:00 AM The headline jobs number in the December employment report was slightly below expectations, however October and November were revised down by 76,000. The unemployment rate decreased to 4.4%. Prime (25 to 54 Years Old) Participation Since the overall participation rate is impacted by both cyclical (recession) and demographic…
Shares of Meta Platforms (META +2.59%) were heading lower last month as a slew of concerns mounted for the social media giant. Among those were layoffs, overspending on AI and capital expenditures, and a lack of direction in artificial intelligence, as the company has struggled to develop a meaningful revenue stream beyond advertising. The stock…
Mumbai: The recent rally in India’s benchmark 10-year government bonds may have further upside, supported by expectations that circumspect US jobs data might prompt the US Federal Reserve to defer an increase in policy rates, treasury officials said. Furthermore, the likelihood of inclusion of Indian sovereign bonds in the Bloomberg bond index and the retreat…
I am 53 years old. Never in my life have I allowed myself to buy a car I truly love…until now. This is the story of how I allowed myself to make a huge purchase just for the joy of it. And it wasn’t even a purchase I’d intended to make. Let me explain. During…
By Erik Hertzberg (Bloomberg) — Canada’s trade surplus widened to its largest in four years as the country’s energy, metals and mineral sectors helped fill global supply gaps left by disruptions in the Strait of Hormuz. The country’s trade surplus hit $4.2 billion up from $3.4 billion in April, Statistics Canada reported on Tuesday. That’s…