The U.S. economy generated a meager 114,000 jobs in July, well below consensus expectations. Investigators and economists alike are at high levels of concern over these dismal figures. Unemployment has risen to the highest since 2021 at 4.3 percent. With these disappointing job numbers, expectations are ratcheted up for an imminent cutting of interest rates …
It turned out to be a gloomy Friday for global stock markets due to rising fears of a possible US recession. Japan's main stock index, the Nikkei 225, was down 5.8 percent after a disappointing update from Intel sparked selling in technology shares across the board. Intel Fears and Effect on the Stock Market Intel …
In a bid to economize on energy and money, Morrisons is doing something a bit different. The UK's favorite supermarket chain is conducting experiments with its freezers by increasing the temperature by 3°C. This will mean the running of freezers at –15°C as opposed to the usual –18°C, which incidentally has been the benchmark temperature …
On Thursday, the fear of recession made its way to the heart of Wall Street as a mass sell-off is recorded. A combination of the cooling of the job market and slowing down in manufacturing has pushed the investors towards caution, joining the slowing interest rates, which were delayed to be reduced by the Federal …
On Thursday, fears of a probable recession sent Wall Street into a massive sell-off. There were concerns that the job market was cooling, the manufacturing sector slackening, and disinclination by the Federal Reserve to delay rate cuts. The Dow Jones fell nearly 500 points; major technology stocks plunged significantly. On Thursday, investors in the United …
The base rate has been cut by the Bank of England to 5% from 5.25%. Although this spells some relief to many businesses and borrowers, it is a rather limited move, leaving many to still face high borrowing costs. The Bank of England agreed a small but important reduction in UK interest rates by 0.25% …
Eoin Morgan believes Rob Key should at least sound out Brendon McCullum about the England white-ball head coach role in the wake of Matthew Mott standing down from the position after England failed to defend their limited-overs World Cups on his watch. With Mott stepping down from his role, interim head coach Marcus Trescothick will …
According to reports, RB Leipzig has rejected Barcelona's most recent bid for Dani Olmo, a Spanish player who remained keen on moving to the Catalan giants. It is reported by Sport that Barcelona presented a second bid in the sum of €50 million with an additional €15 million in add-ons for Olmo. While the club …
Fulham has made a second bid of around £20 million for Scott McTominay. Manchester United is ready to sell the midfielder, but they are demanding a fee in excess of £25 million to £30 million. Interest in the Scottish midfielder does not come from Fulham alone, with both Galatasaray and Fenerbahce monitoring proceedings. McTominay has …
Irrepressible Rihanna has become the star of a recent match of Manchester City, in which AC Milan participated in New York. The singer and cosmetics mogul sat courtside at Yankee Stadium on July 27 in support of her latest Fenty collaboration with Puma. In between cheering for both teams, she took some time to take …
An unbeaten 78 off 46 balls from Hayley Matthews propelled Welsh Fire to an astonishing victory against London Spirit. The victory today for Welsh Fire is its highest-ever chase in The Hundred and it ends London Spirit's unbeaten run this season. For the Welsh Fire, Matthews powered them to a total that hitherto remains her …
During a recent interview at the National Association of Black Journalists (NABJ) convention in Chicago, former President Donald Trump made provocative remarks about Vice President Kamala Harris’s racial identity. Trump’s comments, questioning whether Harris identifies as Indian or Black, have sparked widespread condemnation and heated responses from various quarters. In his interview at the NABJ …
Following a historic prisoner exchange between the US and Russia, President Joe Biden met the families of the released people on August 1, 2024. This monumental exchange, the largest since the Cold War, took place at Ankara’s airport and marked a significant diplomatic achievement. The exchange involved a complex operation that saw the release of …
In a significant show of support for Vice President Kamala Harris, more than 100 venture capitalists and influential tech leaders have pledged their backing for her presidential campaign. This endorsement comes as a major boost to Harris's candidacy, countering recent support for former President Donald Trump from other high-profile Silicon Valley figures. Key Figures and …
