NFP Preview: Forecasts from eight major banks, employment growth still strong

The US Bureau of Labor Statistics (BLS) will release the August jobs report on Friday, September 2 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of eight major banks regarding the upcoming employment data. Expectations are for a 300K rise in Nonfarm […]

China Calls for Calm From U.S. on Ukraine

China advised the US and its allies not to “hype up the crisis” around Ukraine, where Russia has positioned tens of thousands of troops along the border, just days before Russian President Vladimir Putin visits in Beijing for a summit meeting with Chinese leader Xi Jinping. Wang Yi, China’s foreign minister, told U.S. According to […]

U.S. Economy Grows as Fourth-Quarter GDP Shows Strongest Year in Decades

As the country recovered fast from the pandemic-induced recession, the US economy expanded at a 6.9% annual pace in the fourth quarter of last year, concluding the best year of growth in nearly four decades. However, experts think that recent expansion has hit stumbling blocks, which might result in more moderate growth this year. The […]

Afghanistan Crisis Could Set Back Biden Legislative Push

The gap between Wall Street and the rest of the globe has rarely been so wide. Despite the United States’ foreign policy failure in Afghanistan and falling consumer confidence at home, the Dow Jones Industrial Average and S&P 500 hit new intraday highs on Monday, while the Nasdaq Composite is hovering just below its all-time […]

U.S. Lifts Sanctions on Former Iranian Officials, Energy Firms

In the midst of deadlocked nuclear talks, the Biden administration removed sanctions on three former Iranian leaders and many energy businesses, suggesting Washington’s willingness to relieve economic pressure on Iran if the nation reverses direction. Sanctions on former top officials of the National Iranian Oil Company and other firms involved in shipping and trading petrochemical […]